Bybit Exchange Hot Wallet 1.14$ compromised LST
Bybit exchange hacked, over $1.14 billion in ETH-related tokens drained from Liquid Staking Token (re-staking) 401,346 $ETH.
Cryptoken Board UÜ
2/21/2025
Cryptocurrency exchange Bybit has been hacked for over $1.14 billion OR 401,346 $ETH in liquid-staked Ether (stETH), MegaETH (mETH) and other ERC-20 tokens, according to DeFi Llama on-chain data https://defillama.com/cex/bybit.
Following the exploit, the on-chain sleuth warned users to blacklist addresses associated with the hack. Bybit co-founder and CEO Ben Zhou confirmed the incident and provided an update on the security breach, Twitter account https://x.com/benbybit.
The price of Ether (ETH) dropped by over 3% following the hack’s confirmation as the breach — among the largest in recent crypto history — sent shockwaves through the market. Ethereum CB PRO 📊 MARP indicator is currently at 61/100th for the thirty days period.
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Update: Total hacked funds value: $1.46B - 401,346.76 ETH ($1.138B) - 90,375.54 stETH ($255.977M) - 8,000 mETH ($24M) - 15,000 cmETH ($45M).