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The Bybit Incident: When Research Meets Reality

ID: 226cc00b-b22c-5b79-930b-3a988c51b626

STIX ID: report--226cc00b-b22c-5b79-930b-3a988c51b626

Feed Name: Check Point Research

Threat Score
92/100

Date Published: 2025-02-23

Date Updated: 2026-04-27

Author: matthewsu

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**Executive Summary:** A sophisticated attack against a Gnosis Safe multisig used by Bybit leveraged infrastructure and user‑interface manipulation plus a delegatecall to an unverified malicious contract to overwrite storage and sweep funds, resulting in roughly $1.5 billion in assets (including ~400,000 ETH) being stolen and demonstrating that multisig/cold‑wallet protections can be defeated via UI/supply‑chain compromise.

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