The Cryptocurrency Exchange Bibit on Friday revealed that a “sophisticated” attack stole more than $ 1.46 billion to one of its atherium cold (offline) wallets, which made it the largest single Cripto heest in history.
“The incident occurred when our Ath Multisig Cold Wallet carried out a transfer to our hot wallet. Unfortunately, this transaction was manipulated through a sophisticated attack, which masked the signing interface, the underlying smart contract logic to the underlying interface The changing correct address displayed, “Baibit said. A post on X.
“As a result, the attacker was able to gain control over the affected ETH cold wallet and transfer his holdings to an unknown address.”
In a separate statement posted on social media platforms, Bibit CEO Ben Jhou emphasized that all other cold wallets are safe. The company further said that it has reported the case to the appropriate officials.
While there is no official confirmation from the bibit so far, eggs and Arkham Intelligence confirmed that digital theft is the work of the notorious Lazarus Group. The phenomenon informs this to the largest cryptocurrency heest to date, which is a dwarf of Ronin Network ($ 624 million), Poly Network ($ 611 million), and BNB Bridge ($ 586 million).
Independent researcher Zachxbt stated that they “connect bebit hack on-chain to Famex hack,” which happened later last month.
The North Korea-based threat is one of the most vigorous hacking groups that orchestrates dozens of cryptocurrency heels to generate illegal revenue for the hit nation of restrictions. Last year, Google described North Korea as the “major cyber criminal venture of the world”.
According to the Blockchain Intelligence Firm Channelis, in 2024, it is estimated to be stolen by $ 1.34 billion in 47 Cryptocurrency hacks, which is accounting for 61% of all sick cryptos during the time period.
Google -owned Mandient said last month, “Cryptocurrency Hests are growing due to the attractive nature of their awards, challenges associated with malicious actors and many organizations with cryptocurrency and web 3 technologies with newborn acquaintances.”
