February 27, 2025
Bybit and Safe Custody Are at Odds on Who's to blame for $ 1.5b Hack thumbnail
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Bybit and Safe Custody Are at Odds on Who’s to blame for $ 1.5b Hack

The Apparent Stand-Off Mirrors that of Wazirx and Liminal Custody, WHICH BLAMED EACH Other Following A $ 230 Million Exploit Last July.”, – WRITE: www.coindesk.com

The Apparent Stand-Off Mirrors that of Wazirx and Liminal Custody, WHICH BLAMED EACH Other Following A $ 230 Million Exploit Last July.Updated Feb 26, 2025, 11:47 PM UTCPUBLISHED FEB 26, 2025, 11:46 PM UTC

Cryptocurrency Exchange Bybit Has Published a Forensic Review on Last Week’s $ 1.5 Billion Hack, Revealering That Its Systems Had Not Been Infiltrated and that Seamed. Wallet Infrastructure.

Bybit Concluded from the Review “The Credntentials of a SAFE DEELOPER WERE COMPROMISED,” WHICH ALLOWED THE LAZARUSSARU Staff Into Signing The Malicious Transaction.

However, A Person Familiar with The Matter Told Coindesk That Despite The Wallet’s Infrastructure Being Compromisened by Social Engineering, The Hack Wuld Not Have Been “The a Theater. The Term Refers to A Mechanism WHERE A SMART Contract Transaction is Approved Without ComprehenSive Knowledge of Its Contents.

SAFE ALSO IssUED A STATEMENT SAYING THAT “SAFE SMART CONTRACTS [were] unaffected, an attacker was conducked by compromising a safe {Wallet} Developer Machine Whofe Affected An Account Operated Bybit. DID NOT INDICATE Any VULNABILITIES IN THE SAFE SMART CONTRACTS or Source Code of the Frontend and Service. ”

The Apparent Back and Forte Between Both Companies Mirrors that of Wazirx and Liminal Custody, WHICH BLAMED EACH Other Following A $ 230 Million Exploit Last July.

On -chain Data Analyzed by Zachxbt Shows that lazarus is attempting to launder the Stolen Funds, with 920 Wallets Currently Being Tainted with the Ill-Gotten Gains. The Funds, Perhaps Inadvertently, Have Been Communication with Stolen FROMDS from Hacks Targeting Phemex and Poloniex, Linking Lazarus Group to All Three.
Read More: Bybit Declares ‘War On Lazarus’ As It CrowdSources Effort to Freeze Stolen Funds

Oliver KnightOliver Knight is the Co-LEADER OF COINDESK DATA TOKENS AND DATA TEAM. Before joining coindesk in 2022 Oliver Spen Three Years As the Chief Reporter at Coin Riveet. He First Started Investing in Bitcoin in 2013 and Spen A Period of His Career Working at A Market Making Firm in the UK. He does not currently have any crypto holdings.

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