Hackers drained $1.4 billion of cryptocurrency from Bybit exchange, CEO confirms
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Feed Name: The Record from Recorded Future News
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Bybit reported a major theft of roughly 401,000 ETH (~$1.4–1.46B) after attackers manipulated a signing interface to change smart contract logic during a transfer from a cold wallet; the exchange and wallet provider Safe are investigating, Bybit says it has liquidity and bridge loans to cover most losses while customers experienced large withdrawals.
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