ByBit
Contents
ByBit - Rekt
$1.43 billion gone! The most financially devastating attack in crypto history just rewrote the record books and took the top spot on the Rekt Leaderboard.
Sophisticated hackers orchestrated a precision strike on the exchange, siphoning away 401,346 ETH ($1.11B), 90,375 stETH ($250.8M), 15,000 cmETH ($44M) and 8,000 mETH ($23.5M) in a matter of minutes.
The attackers executed a familiar front-end spoofing attack, deceiving multisig signers into authorizing what they believed were legitimate transactions.
ByBit could only watch as these colossal funds disappeared into a labyrinth of 40+ wallet addresses.
This theft more than doubles the previous record holder on the infamous Rekt Leaderboard, leaving competitors in its wake.
Another exchange, another compromised multisig, another team got gamed.
Haven’t we heard this one before?
Credit: ZachXBT, SlowMist, Peckshield, ByBit, Ben Zhou, Metasleuth, BitMEX, Nanak Nihal, Derek Silva, Meir Dolev, Adam Cochran, Arkham Intel, Tayvano, SEAL, Abbas Khan, Vladimir S, Chainflip
First reported by ZachXBT in his Telegram …
$1.43 billion gone! The most financially devastating attack in crypto history just rewrote the record books and took the top spot on the Rekt Leaderboard.
Sophisticated hackers orchestrated a precision strike on the exchange, siphoning away 401,346 ETH ($1.11B), 90,375 stETH ($250.8M), 15,000 cmETH ($44M) and 8,000 mETH ($23.5M) in a matter of minutes.
The attackers executed a familiar front-end spoofing attack, deceiving multisig signers into authorizing what they believed were legitimate transactions.
ByBit could only watch as these colossal funds disappeared into a labyrinth of 40+ wallet addresses.
This theft more than doubles the previous record holder on the infamous Rekt Leaderboard, leaving competitors in its wake.
Another exchange, another compromised multisig, another team got gamed.
Haven’t we heard this one before?
Credit: ZachXBT, SlowMist, Peckshield, ByBit, Ben Zhou, Metasleuth, BitMEX, Nanak Nihal, Derek Silva, Meir Dolev, Adam Cochran, Arkham Intel, Tayvano, SEAL, Abbas Khan, Vladimir S, Chainflip
First reported by ZachXBT in his Telegram …
IoC
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3C5c2F4bCeC51a36494682f91Dbc6cA7c63B514C
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1Db92e2EeBC8E0c075a02BeA49a2935BcD2dFCF4
3C5c2F4bCeC51a36494682f91Dbc6cA7c63B514C
47666Fab8bd0Ac7003bce3f5C3585383F09486E2
1Db92e2EeBC8E0c075a02BeA49a2935BcD2dFCF4