Bybit Hacked? Here's what REALLY happened...

That's a big fataaaa mistake

Inside job

The truth is, I don’t understand anything about the hack. Crypto transfers are so complicated, but I think Bybit is screwed because it's going to lose user trust. I can’t trust depositing my money there anymore. I use Binance, but this hack has made me more paranoid than ever.
Guys, do you think Binance is fully secure? 😅😅

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As a Software Engineer with 10 years of experience, I can confidently say that no major security breach happens without some level of insider involvement. Whether intentional or accidental, insiders—employees, contractors, or even third-party vendors—often play a crucial role in security vulnerabilities. Accidental breaches can result from poor cybersecurity awareness, weak passwords, or misconfigured systems, while intentional breaches stem from malicious actors exploiting their access. Strengthening internal security policies, enforcing strict access controls, and fostering a cybersecurity-conscious culture are essential to mitigating these risks.

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Ustd bep20
0x2Dbc597901DF6441Ac8Cd04810C8777C9E718455

Seems like they pulled it to protect ppls asset's

Imagine taking home $140k just from 12k initial deposit. For the newbies I'll encourage anyone to embrace copytrade as the best approach especially when you're a newbie

Would you trust such a an exchange who seems to be regulated by Astana Financial Services Authority, Kazakhstan

Warm / cold, Luke warm WTF????? when was the last time a Major Stock exchange got hacked? like this ? Crypto Sect

If they have 20 B in treasury why do they need to take a loan? something does not add up

Bye Bit pumping the dip.

Good vid. Technical explanation

Everyone buy gold and silver. Stop clowning around with this crypto BS

❤

Crypto transactions are sloppy and not secure.
Too much is required of the user. It's unnecessary.
The number of potential user mistakes is way too large.
This is a software problem.
Crap like this is holding crypto back.

That Ben guy is dodgy…his uncomfortable body language says he’s hiding

That Ben guy is dodgy…his uncomfortable body language says he’s hiding

How many Exchanges are hacked on a smaller level and you never hear about it?

so the hacker basically disguised the destination address, thank god i don't use bybit

Everytime i exit a trade on bybit the candle drops even if its a billion dollar market cap coin. They manipulate the price to get more money of you. Also they charge you hidden spread fee. If you enter market order they set your entry to a price not even reached yet. I dont recommend trading there

Is the ByBit CEO korean? He looks Korean and he may be in on the North Korean hacking of ByBit that's why he admitted it. I don't believe someone at his level and knowledge would make this type of mistake. He is for sure in on the scam!

Bybit bet short leverage x100 trillion dollars in other reval company

If that fellow don't get punished in court and don't have to reimburse this loss to company (and of course be one of main suspect being insider who intentionally handled control for that wallet), or are you allowed to loose 1.5 bn and just being sorry that just clicked approve without checking what?
Why to use cold wallet in a first place if not making it to add extra layer of security for transaction? Using multisig and 3 people trust without any checks to same interface which this time was bit tuned.
You just donated that wallet to NKR peeps, hope they could name some nuclear missile to Bybit so you would get something for lost ETH

Now that they've stolen most of this fake money, can we now put to rest all this crypto nonsense?

Sounds more like a 51% attack. How likely is it to get the details wrong? Sky news said 5 people sign off. This video said to their own warm wallet so how could they get that wrong?

If they have 20b why they borrowed from Binance and Coinbase?

I check 4 times before validating my $10 transfer..Bro just validate $1.5B transfer without even checking once...uhh

Thanks for explaining 👏

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the hindu indian contractors were the only people able to do this. it was cold storage. north koreans who don't have much technology more or less zero knowledge of blockchain would never have been able to pull this off. money-worshipping hindu indians that are very tech averse and are involved in as much tech as possible have more than enough ability to pull off this heist. what is worse is that the indian fbi director is pointing the finger away from india. go figure.

Was waiting to see someone fake a transaction using a hash collision. Bybit took it hook, line and sinker.

Or they could just build their exchange on ICP where the UI can't be hacked. Simple.

stupid. i will not trade on bybit any longer. what a stupid exchange

i still hold my big funds there with confidence , i still love bybit , in fact that proved their strength!

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Bruh so you mean Safe is not the problem? They were too lazy to triple check? You mean?? I am bybit user please reply

Why would they transfer it from a cold wallet to a hot wallet? So they can sell it?