Hacker steals record $1.46 billion from Bybit ETH cold wallet

Discussion in 'other security issues & news' started by FanJ, Feb 21, 2025.

  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/
     
  6. stapp

    stapp Global Moderator

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    https://www.bbc.co.uk/news/articles/ckgdy5e3neko
     
  7. FanJ

    FanJ Updates Team

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    FBI - February 26, 2025
    North Korea Responsible for $1.5 Billion Bybit Hack
    https://www.ic3.gov/PSA/2025/PSA250226

     
  8. FanJ

    FanJ Updates Team

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    BleepingComputer - February 27, 2025
    FBI confirms Lazarus hackers were behind $1.5B Bybit crypto heist
    https://www.bleepingcomputer.com/ne...s-hackers-were-behind-15b-bybit-crypto-heist/

    Read there more.
     
  9. Rasheed187

    Rasheed187 Registered Member

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    Now there is even more information about the hack. Basically, they managed to target an employee's macOS laptop via social engineering. So he/she ended up installing some infostealer which obviously wasn't detected by macOS built-in security like Gatekeeper and XProtect.

    So with this infostealer, the hacker could intercept AWS cloud credentials and hijack the transaction. It pretty much means that security measures at both Bybit and Safe Wallet were a complete joke. It also means that macOS really isn't that much more secure than Windows.

    https://thehackernews.com/2025/03/safewallet-confirms-north-korean.html
     
  10. stapp

    stapp Global Moderator

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    https://www.bbc.co.uk/news/articles/c2kgndwwd7lo
     
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