Bybit Verifies Unprecedented $1.46 Billion Cryptocurrency Robbery in Complex Cold Wallet Breach

The crypto platform Bybit has disclosed that a “sophisticated” breach resulted in the unauthorized acquisition of more than $1.

The crypto platform Bybit has disclosed that a “sophisticated” breach resulted in the unauthorized acquisition of more than $1.46 billion worth of digital assets from one of its Ethereum cold storage (offline) wallets, marking it as the biggest lone crypto theft ever recorded.
“The event unfolded as our ETH multisig cold wallet initiated a transfer to our active wallet. Regrettably, this transaction was tampered with

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