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Bybit CEO: "Ethereum (ETH) Cold Wallet Was Indeed Hacked"

Source
JH Kim
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  • Suspicious fund outflows of $1.46 billion were detected at Bybit.
  • Bybit CEO Ben Zhou acknowledged the Ethereum cold wallet hack but assured that other cold wallets remain secure.
  • Ethereum is trading at $2,722.20, up 0.20% from the previous day.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

While suspicious fund outflows of approximately $1.46 billion were detected at cryptocurrency exchange Bybit, CEO Ben Zhou confirmed on X (formerly Twitter) on the 21st (local time) that "the Ethereum (ETH) cold wallet was indeed hacked," but added that "all other cold wallets are secure and withdrawals are operating normally."

Meanwhile, as of 00:57 on the 22nd, ETH is trading at $2,722.20 on the Binance USDT market, up 0.20% from the previous day.

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reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.