Cryptocurrency Exchange Byra) Equivalent to $ 1.5 billion. This incident has become one of the largest attacks on cryptoprosectors, exceeding 16% of the total volume of previous crimes of this type, writes iZ.com.ua. The investigation showed that the attack is the North Korean Hacker Group Lazarus Group, which has previously performed similar operations. Class = “EZ-TOC-TITLE-TOGGGGLE”> toggle
- How Hackers managed to break BYBIT Protection
- how Hackers managed to break the deficit defense
According to Experts of The Dilation Effect, the attackers used a cunning method of attack because of the Delegatecall function. The vulnerability in a multi-signing cold wallet of the exchange allowed hackers to change the scope of the smart contract, which gave them full control over the assets. At the same time, the transactions themselves looked quite legitimate, and even those who checked them did not notice the threats. He analyzed test transactions, interconnected wallets and temporary schemes before breaking. The result was found that the fracture method is like an attack on the Indian WazirX Exchange, which is also attributed to this group. The reaction Bybit and cryptoculties
ceo bybit confirmed the fact of hacking, saying that hacker received control of the cold wallet of Ethereum and withdrew all funds from it . At the same time, he assured that the exchange remains solvent, and all customers' assets are provided in a 1: 1 ratio.
“We saw the correct interface, the correct address and signed the agreement. It is possible that the computers of all signatories have been broken and the interface has been changed, ”CEO exchanges commented. img SRC = “/WP-Content/Uploads/2025/02/DAC2EA0C9A6569BD3278D7676767c858758758758758758758758758758758758758758758758758758758587587587B87c858587)Binance CZ chairman commented on the situation, proposing to temporarily freeze all withdrawals of funds within standard safety measures. He also stated that he was ready to provide any necessary help. > consequences and the subsequent steps of the
This attack has become catastrophic for Bybit, as the exchange has lost about 70% of its Ethereum acts. Despite the assurance of financial stability management, the incident can seriously hit users and investors.
experts emphasize that the Lazarus Group attack testifies to the evolution of hacker methods. Cryptocurrency exchanges and platforms should review their security mechanisms in order to avoid similar threats in the future.
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