🚨 Bybit Hack Confirmed – $1.4B in ETH Outflows! 🚨
🔴 What Happened?
Hackers exploited Bybit’s ETH cold wallet by manipulating a signing message, leading to a $1.4B loss in ETH and stETH.
$200M stETH already sold as funds move to new addresses.
Withdrawals remain NORMAL, and all other cold wallets are secure.
📢 Bybit CEO’s Response:
✅ Bybit remains solvent – All client assets are fully backed 1:1.
✅ Even if losses aren’t recovered, Bybit can cover them.
✅ Investigations ongoing – Team tracking stolen funds.
⚠️ Stay cautious & secure your assets!
#BybitHack #CryptoNews #StaySafe 🚀