How bybit was hacked yesterday for $ 1.4B? Bybit, a leading crypto exchange got its wallet drained of 1.4B worth of Ethereum, making this the worst crypto hack in history. How is that possible? They keep their ETH funds in a multi-sig wallet, meaning that for a transaction to go through, multiple people would have to approve it. A hacker group, rumored to be the Lazarus Group from North Korea, sent a musked transaction to that wallet. On the screen, the transaction appeared to be from @safe, and appeared to transfer their funds to a well-known internal warm wallet, so the employees trusted it and signed it In reality, the transaction aimed to change the source code of the smart contract. Bybit confirmed that the other wallets are completely safe Conclusion: Never ever trust an unknown transaction, unless you check its details! #Bybit #BybitHack #Bybithacked
