Cryptocurrency Exchange Bybit asks cybersecurity’s “Brightest Minds” to help hackers recover the $1.5 billion (£1.2 billion) stolen by hackers, considered the largest single digital theft in history It’s there.
The Dubai-based Crypto platform said the attackers controlled the wallet of Ethereum, one of the most popular digital currencies after Bitcoin, and transferred the contents to an unknown address.
Bibit immediately tried to reassure customers that their cryptocurrency holdings were secure, but the CEO on social media said that BYBit would be affected, even if the hacked currency is not returned. People said they would refund them.
“Even if the losses from this hack have not been recovered, Bibit is a solvent. All client assets are 1-1 support. We can cover the losses,” said Bybit Co-Founder and CEO. Ben Zhou, the author, posted on X.
He added that the company holds $200 billion in customer assets and can be covered through unrecovered funds themselves or loans from partners.
With over 60 million users worldwide, BYBIT, the world’s second largest cryptocurrency exchange by trading volume, said the news of the hack led to a surge in withdrawal requests.
Zhou wrote that the company could withdraw funds after receiving more than 350,000 requests from customers, leading to delays in processing.
Bybit said the hack occurred when the company routinely transferred Ethereum from an offline “cold” wallet to a “warm” wallet. The attackers were able to exploit security controls and transfer assets. Zhou said all other wallets in the exchange were not affected.
Ethereum prices fell almost 4% after news of the hack on Friday, but have since returned to previous levels.
The company calls for “the brightest mind of cybersecurity and cryptographic analysis” to help them try to recover hacked funds, offering a 10% reward for the amount recovered. .
“Bybit will surpass the set-off, fundamentally transform our security infrastructure, improve liquidity and become a steady partner for friends in the crypto community,” Zhou said in a statement. .
The hack has rebounded in recent months after Donald Trump’s return to the White House, and has benefited from his promise to make the US a “crypto capital of the planet” and has now been the crypto industry. It’s a set time for you.
The identity of the Bibit attacker is unknown, but some reports say the perpetrators include the Lazarus Group, who were accused of previous mass robberies, including the $615 million theft from the blockchain project. It suggests that he may be a national North Korean hacker. Ronin Group in 2022.
