{"id":14407,"date":"2025-02-21T18:47:53","date_gmt":"2025-02-21T18:47:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14407"},"modified":"2025-02-21T18:47:53","modified_gmt":"2025-02-21T18:47:53","slug":"bybit-founder-says-1-4b-eth-hack-may-stem-from-safe-wallet-compromise","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14407","title":{"rendered":"Bybit Founder Says $1.4B ETH Hack May Stem From Safe Wallet Compromise"},"content":{"rendered":"<div>\n<p><strong>Bybit <\/strong>founder <strong>Ben Zhou<\/strong> has raised concerns that multisig wallet provider <strong>Safe<\/strong> may have been compromised, allowing <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/02\/43886224\/bybit-founder-confirms-1-4-billion-ethereum-hack-blames-masked-transaction\">hackers to steal $1.4 billion<\/a> in <strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>). <\/p>\n<p>Speaking in a live stream, Zhou explained that the attack targeted Bybit&#8217;s Ethereum cold wallet, but all other wallets, including its <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) reserves, remain unaffected.<\/p>\n<h3 class=\"wp-block-heading\"><strong>How The Attack Unfolded<\/strong><\/h3>\n<p>Zhou recounted how the attackers manipulated Bybit&#8217;s signing process while maintaining the appearance of a legitimate Safe transaction.<\/p>\n<p>\u201cIt was a normal URL. I double-checked. It was the Safe URL from the official Safe website. We always use the official website,\u201d Zhou said.<\/p>\n<p>He explained that as part of standard security measures, he verified the UI and destination address, ensuring it matched Bybit&#8217;s warm wallet before approving the transfer. <\/p>\n<p>However, the actual signing message was altered, not to authorize a simple transfer, but instead to &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/02\/43890188\/bybit-founder-says-14b-eth-hack-may-stem-from-safe-wallet-compromise\" alt=\"Bybit\" founder says eth hack may stem from safe wallet compromise>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bybit founder Ben Zhou has raised concerns that multisig wallet provider Safe may have been compromised, allowing hackers to steal $1.4 billion in Ethereum (CRYPTO: ETH). Speaking in a live stream, Zhou explained that the attack targeted Bybit&#8217;s Ethereum cold wallet, but all other wallets, including its Bitcoin (CRYPTO: BTC) reserves, remain unaffected. How 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-14407","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\/14407","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=14407"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14407\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}