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Hacked crypto exchange Bybit offers $140 million bounty to trace stolen funds

TechCrunch LogoTechCrunch11h ago

Hacked crypto exchange Bybit offers $140 million bounty to trace stolen funds - TechCrunch

Quick Summary:

On Wednesday, Bybit’s Zhou published the preliminary results of the forensic investigation into the hack, led by two companies, Sygnia Labs and Verichains.

The two investigating security companies concluded that hackers breached a developer’s device at SafeWallet, as the company itself confirmed.

Verichains said a benign Javascript file was replaced with a malicious version “specifically targeting Ethereum Multisig Cold Wallet of Bybit.

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Article Details

Author / Journalist: Lorenzo Franceschi-Bicchierai

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-26 @ 18:38:28 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 26463930

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