MINE.exchange NEWS
February 27, 2025 at 08:18 AM
🔍🛡Vulnerability in Safe (Wallet) Gave Hackers Access to Bybit Funds
The largest hack of the Bybit cryptocurrency exchange occurred due to the compromise of the Safe (Wallet) developer’s credentials. According to Sygnia and Verichains, hackers from the Lazarus Group injected malicious JavaScript code into the AWS S3 cloud infrastructure, gaining access to Bybit’s contract addresses. They quickly withdrew the funds and erased traces, but the investigation revealed that the code allowed recipient address substitution during transaction approval. 🔓
The Safe (Wallet) team acknowledged the data breach and completely rebuilt its infrastructure, replacing key components and credentials. In response to the attack, Bybit conducted a Proof-of-Reserves (PoR) audit through Hacken, confirming that it restored a 1:1 asset balance within 72 hours. Despite this, the incident significantly impacted the exchange’s reputation, making it one of the largest hacks in history. 🔄
Experts warn that the Bybit hack is a serious wake-up call for the entire industry. Cloud services without proper security measures expose crypto platforms to sophisticated targeted attacks. Specialists recommend enhanced authentication, network activity monitoring, and strict access control to critical data. 🚨
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