I gotta get in on this hacking gig. Anyone know if any hacker groups are hiring?
/s for CSIS
Oh no!
The money is not gone, is just that someone else has it.
how is $1.5 billion in worth calculated because no way bitcoin tokens are worth more than $20.
401,347 ETH
lol good
More like bye-bit, am I right??
They’ll just roll back the blockchain. Ethereum is a centrally controlled cryptocurrency, though its fans claim otherwise. It’s been rolled back before.
This is either a person who hasn’t followed ETH since 2016 or is intentionally spreading misinformation.
It HAS been rolled back once, when the blockchain was in its infancy. But to say that it is still “centrally controlled” suggests having no idea what has happened in the 9 years since.
Angry upvote you horrible genius.
How does one get ones hands on a cold wallet?
Do I understand this correctly, then, that this was some sort of MITM attack where valid requests to the multisig parties were replaced by malicious code while still appearing to be valid to the signers? That must be an inside job.
And this is the first time I have heard the word “musked” in this context…
Do I understand this correctly, then, that this was some sort of MITM attack where valid requests to the multisig parties were replaced by malicious code while still appearing to be valid to the signers? That must be an inside job.
I have no idea. I guess they’ll release a lot more info regarding this in the next few days.
And this is the first time I have heard the word “musked” in this context…
I think his English isn’t good looking at the rest of the message. Might be “masked” instead.
It’s a common misconception that a “cold wallet” is offline. It’s still on the blockchain like any other wallet, it’s just the keys that aren’t on any network-connected computer.
It appears that in this case hackers managed to trick Bybit employees into entering the keys into a fake UI that gave the hackers access to them.
That’s room temperature wallet. It was used while claiming asset unused.
It is not cold storage anymore.
Tricked or “tricked”.
What I don’t quite understand is how there is 1.5 billion in a single wallet. Or how are these things structured?
This article puts their total assets under management at $15.7b, which are held in different cryptocurrencies with ethereum at just above $5b.
So I am wondering how they have more than 1/6 of their Ethereum in a single wallet or were these multiple that were connected and got compromised through the same vulnerability? How expensive is it to have more individual wallets? Would it not be feasible to have it split in something like $100m chunks? Or any other more moderate size.
With steely determination
Well, either it wasn’t as offline as they all thought, or someone pulled off an epic inside job.
Somebody made a huge opsec mistake
Room temperature wallet
Right next to their iq
I recommend gloves.
I’m so glad I have no crypto of any kind. It’s the wild west with no savings insurance, so once it’s gone, it’s gone.
Depends which exchange you’re using.
