ByBit has been hackedβ¦π
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CEO Zhou tweeted out earlier about how a Bybit
multi-sig cold wallet made a transfer of
Ethereum holdings to an
unidentified warm wallet.
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Zhou made it clear to the public that all other wallets are safe, and that in the case of any losses, Bybit will be able to cover them.
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The alleged hacker now holds
0.42% of the entire ETH supply, who has been alleged to be a part of North Korea's Lazurus group, who have been attributed to many cyberattacks since 2010. π°π΅
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An influencer who goes by
@Zachxbt on twitter, submitted definitive proof that this attack on Bybit was performed by
Lazarus group. His submission was based off of on-chain data analysis, which included test
transactions,
connected wallets, and
forensic graphs. He shared this with the team.
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Despite the CEO's efforts to keep users assured, there has still been a lot of selling
pressure not only through Bybit but the
entire market today. This comes at time where we just started to gain some bullish momentum after a long period of fear, unfortunately.
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As a result of this, BTC has dumped back down to $
95k after coming just shy of $
100k again. We have seen similar shockwaves all throughout this cycle, with some of the most recent because of the
Deepseek news and
tariffs. However, this one, unlike the others, is
directly involved with crypto. πΉ
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Will we see this event continue to dump the market? Or is this just more short-term noise we will forget?