this post was submitted on 22 Feb 2025
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Crypto exchange Bybit says a hacker took control of one of its cold Ethereum wallets, resulting in what analysts estimate was the loss of ~$1.5B worth of tokens (www.bloomberg.com)
submitted 6 days ago by [email protected] to c/technology
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[โ€“] [email protected] 6 points 4 days ago (1 children)

Seriously, who calls their online banking type site bye bit?

Having said that, I'll just go ahead and assume their security was barely existent, as per usual. I wonder if their CTO was actually s music teacher too.

[โ€“] [email protected] 1 points 4 days ago

This is the same hacker group that performed the Bangladesh Bank robbery, that attack the almost stole 1 billion, the only reason they got flagged was a typo. They did manage to steal 81 million though. Byebit does seem to have bad security though compared to Bangladesh bank.

https://en.m.wikipedia.org/wiki/Bangladesh_Bank_robbery