Hacker steals record $1.46 billion from Bybit ETH cold wallet

Discussion in 'other security issues & news' started by FanJ, Feb 21, 2025 at 6:16 PM.

  1. FanJ

    FanJ Updates Team

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  2. reasonablePrivacy

    reasonablePrivacy Registered Member

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    Warm wallet - wallet for liquidity, current expenses, You transfer a lot of small transactions to/from this wallet, so people may give less scrutinity to them or company system may use it automatically.
    Rest of wealth goes to cold wallet(s). Transactions to/from cold wallet are relatively rare, so you can give them more scrutinity thus security.

     
  3. stapp

    stapp Global Moderator

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    More info...
    https://news.sky.com/story/worst-hack-in-history-as-1-5bn-in-cryptocurrency-stolen-13314456
     
  4. FanJ

    FanJ Updates Team

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    Thanks for explaining it !
     
  5. hawki

    hawki Registered Member

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    "North Korea feared to be behind ‘worst hack in history...

    Blockchain analytics firm Arkham Intelligence have now accused North Korea's Lazarus Group of being behind the hack.

    The firm posted on social media that one of their trusted online sleuths gave them "definitive proof" that the attackers were from the infamous North Korean hacker group..."

    https://www.the-sun.com/money/13604...y-cybercriminals-steal-crypto-ethereum-bybit/
     
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