{"id":14365,"date":"2025-02-21T16:03:45","date_gmt":"2025-02-21T16:03:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14365"},"modified":"2025-02-21T16:03:45","modified_gmt":"2025-02-21T16:03:45","slug":"bybit-ceo-confirms-exchange-was-hacked-for-1-46b-hitting-crypto-prices","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14365","title":{"rendered":"Bybit CEO Confirms Exchange Was Hacked for $1.46B, Hitting Crypto Prices"},"content":{"rendered":"<div>\n<p>Cryptocurrency exchange Bybit has experienced $1.46 billion worth of &#8220;suspicious outflows,&#8221; according to blockchain sleuth ZachXBT.<\/p>\n<p>The wallet in question appears to have sent 401,346 ETH ($1.1 billion) as well as several other iterations of staked ether (stETH) to a fresh wallet, which is now liquidating mETH and stETH on decentralized exchanges, etherscan <a href=\"https:\/\/etherscan.io\/address\/0x47666Fab8bd0Ac7003bce3f5C3585383F09486E2\" target=\"_blank\">shows<\/a>. The wallet has sold around $200 million worth of stETH so far.<\/p>\n<p>Bybit CEO Ben Zhou <a href=\"https:\/\/x.com\/benbybit\/status\/1892963530422505586\" target=\"_blank\">wrote on X<\/a> that a hacker &#8220;took control of the specific ETH cold wallet and transferred all the ETH in the cold wallet to this unidentified address.&#8221;<\/p>\n<p>&#8220;Please rest assured that all other cold wallets are secure. All withdrawals are normal,&#8221; he added.<\/p>\n<p>&#8220;My sources confirm it&#8217;s a security incident,&#8221; ZachXBT added on <a href=\"https:\/\/t.me\/investigations\/213\" target=\"_blank\">Telegram<\/a>.<\/p>\n<p>$1.46 billion would equate to the largest cryptocurrency hack of all time in dollar terms, with $470 million being lost in the Mt Gox Hack, $530 million in the 2018 hack of CoinCheck, and $650 million in the Ronin Bridge exploit.<\/p>\n<p>BTC and ETH dropped more than 1.5% and 2%, respectively, following the transfers.<\/p>\n<p>UPDATE (15:44 UTC, Feb. 21): Adds quote from Bybit CEO and details of historical crypto hacks.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency exchange Bybit has experienced $1.46 billion worth of &#8220;suspicious outflows,&#8221; according to blockchain sleuth ZachXBT. The wallet in question appears to have sent 401,346 ETH ($1.1 billion) as well as several other iterations of staked ether (stETH) to a fresh wallet, which is now liquidating mETH and stETH on decentralized exchanges, etherscan shows. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14365","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14365"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14365\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}