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ByBit Buys Back
1.4 million dollars worth of eth. Hm, what’s that? …no. That can’t be right. With a “B”?
On February 21st, ByBit’s CEO clicked the most expensive click in history and authorized a transaction to send 1.4 billion worth of eth directly to North Korean hackers. But he (and the other multisig wallet holders) thought it was a routine transaction from their cold wallet to their warm wallet.
How did it happen? You have a few options to learn about it. If you’d like a concise, polished explanation with visual aides - you can watch the videos linked below.
If you’d rather listen to us, questionable choice, but we’re glad to have you. With an oopsie of this scale we’d better learn something. Hopefully there’s more to the answer than just “git gud” at crypto. Let’s see what we can find.
Technical Sources:
Largest crypto hack of all time
Checkpoint Research
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By NYCP1.4 million dollars worth of eth. Hm, what’s that? …no. That can’t be right. With a “B”?
On February 21st, ByBit’s CEO clicked the most expensive click in history and authorized a transaction to send 1.4 billion worth of eth directly to North Korean hackers. But he (and the other multisig wallet holders) thought it was a routine transaction from their cold wallet to their warm wallet.
How did it happen? You have a few options to learn about it. If you’d like a concise, polished explanation with visual aides - you can watch the videos linked below.
If you’d rather listen to us, questionable choice, but we’re glad to have you. With an oopsie of this scale we’d better learn something. Hopefully there’s more to the answer than just “git gud” at crypto. Let’s see what we can find.
Technical Sources:
Largest crypto hack of all time
Checkpoint Research