🚨 Bybit hack: Ethereum’s weakness exposed & why it can’t happen to #Bitcoin 🛡️

Bybit recently suffered one of the biggest hacks in crypto history: 💀 $1.5 billion worth of #Ethereum (~400k ETH) was stolen. The aftermath? Over 350k withdrawal requests flooded the platform 📈.

Bybit CEO Ben Zhou 🧑‍💼 admitted the breach bypassed the entire multisig process 🔑 — no one knew what they were signing. Hardware wallets showed the correct addresses ✅ but failed to display hidden smart contract code 🧩 that gave hackers complete control.

🕵️‍♂️ The Lazarus Group from North Korea 🌍 is suspected. Shockingly, this hack is 50x larger 💥 than Binance’s notorious 7,000 BTC hack at $4k each. Even more striking: North Korea now holds twice as much ETH as Vitalik Buterin, Ethereum’s creator 😱.

⚖️ The moral dilemma: Should #Ethereum roll back the chain to block the regime’s access?

• ⏳ Rollback = Centralization risk.

• 💣 No rollback = Supporting a regime using stolen funds for weapons.

Tough choice — but this cannot happen with #Bitcoin.

Why?

• 🏗️ Simple, transparent transactions mean fewer vulnerabilities.

• 🚫 No hidden smart contract code to exploit.

• 🛡️ Base layer security first — innovation happens on top (⚡ Lightning).

🔒 Less code = fewer bugs.

With #Bitcoin, there’s no issuer, no controller 🌍. Even if North Korea stole BTC, it would remain theirs — no rollbacks, no debates. Bitcoin is pure money, neutral and untouchable 💛.

💡 Lesson? Only use Bitcoin-only platforms like @Strike ⚡. Bybit’s huge loss came from complexity. Ethereum’s smart contracts created extra attack surfaces 🎯. Binance lost 7k BTC; Bybit? 50x more because of ETH & other assets.

❗ Not your keys, not your coins. 🔑

🛠️ Want to learn how to self-custody your #Bitcoin safely?

Join the next Bitcoin Miskolc event:

📅 March 21–23, 2025

📍 Hotel Atlantis, Hajdúszoboszló 🏨

🌐 bitcoinmiskolc.hu

🐦 @bitcoinmiskolc

✨ Bitcoin. Simple. Secure. The money of the future. 💛