BYBIT BOUNCES BACK: WITHDRAWALS UNLOCKED AFTER $1.4 BILLION HACK!
Crypto Shockwave: Bybit SURVIVES the Biggest Heist in History!
In a jaw-dropping twist for the crypto world, Bybit has triumphantly restored its withdrawal system following a historical cyber attack that left the digital currency community trembling! The exchange last week was rocked by a staggering hack that drained over $1.4 billion in Ethereum, but now—after a nail-biting 12 hours of uncertainty—users can withdraw their funds without limits or delays!
Ben Zhou, the fearless CEO of Bybit, took to social media Friday night to declare, "ALL withdrawals are back to NORMAL! You can withdraw any amount, and there are NO delays!" This bold statement came just hours after alarm bells went off when suspicious transactions from Bybit’s Ethereum cold wallet were flagged, leading to this unprecedented crisis.
THE HEIST: HOW A $1.4 BILLION HACK SENT SHOCKWAVES THROUGH CRYPTOVILLE!
On February 21, an eagle-eyed investigator, ZachXBT, put the crypto world on alert with startling findings: around 400,000 ETH and other assets were pilfered, in a scenario that seemed straight out of a thriller movie. The moment the hackers struck, they transferred the loot to multiple wallets, covering their tracks in a web of decentralized exchanges.
Bybit’s multi-signature cold wallet was compromised through a nefarious trick that tampered with the signing messages—showing attackers’ mastery over their malicious craft. Zhou quickly assured users that despite the breach, other cold wallets remained safe and secure.
Even with the staggering losses, Zhou stood firm, declaring, “Bybit is solvent!” Adding that user assets are completely backed 1 to 1. “We can cover the loss if needed,” he reassured, igniting hope in a shaking crypto landscape.
SUPPORT ROLLS IN: THE COMMUNITY UNITES TO BACK BYBIT IN ITS TIME OF NEED!
As the dust settles, a legion of industry heroes has rallied behind Bybit. Big names like former Binance CEO Changpeng Zhao and Tron founder Justin Sun have thrown their support into the mix, with other platforms like OKX and KuCoin stepping in to help. Binance and Bitget have reportedly deposited over 50,000 ETH into Bybit’s cold wallets, proving there’s strength in numbers!
On top of that, a mysterious whale swooped in last night, transferring 20,000 ETH worth around $53 million, bolstering Bybit’s recovery efforts. The crypto community is not just watching from the sidelines—they’re charging in to lend a hand!
FINGER POINTING: COULD NORTH KOREA’S NOTORIOUS LAZARUS GROUP BE INVOLVED?
As investigations unfold, all eyes are on the infamous Lazarus Group, rumored to be behind this cyber calamity. With evidence surfacing linking the hackers to similar past attacks, the crypto space is once again on high alert.
Zhou is now appealing to various protocols to halt any further movements of the stolen ETH, while crypto community watchdog Arkham has set a bounty offer for information leading to the hacker’s capture.
In an incredible turn of events, Bybit is not just surviving; it’s showing resilience in the face of adversity! Stay tuned as this saga continues to develop, with a comprehensive incident report and new security measures expected from Bybit soon. The crypto world is watching, and the drama is just heating up!
