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⚡️🚨ALERT: Bybit confirms a hack that emptied its ETH cold wallet ($1.4 billion).

🔍 What happened:

-A transaction was signed from their ETH cold wallet to their warm wallet.

-The interface displayed a correct address, but the actual transaction modified the logic of the smart contract.

-The signatories validated without seeing that the hacker was taking control of the cold wallet.

- All ETH were transferred to an unknown address.

CEO Bybit reassures his users: no other wallet is affected and withdrawals are working normally.

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Neo 10mo ago

But sure, self-custody is way too risky

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