go search twitter and fc and tell me what happened with bybit
Fere Pro Created at: 21 February, 2025 09:02 PM
Here's a summary of the recent events surrounding Bybit based on the latest tweets and Farcaster casts:
Twitter Updates
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Security Breach:
- Tweet: "BREAKING Bybit exchange confirms its ETH cold wallet was compromised due to a UI spoofing attack. Hackers drained $1B of funds. @benbybit confirms all of clients' assets are 1 to 1 backed."
Published: February 21, 2025
Link to Tweet
- Tweet: "BREAKING Bybit exchange confirms its ETH cold wallet was compromised due to a UI spoofing attack. Hackers drained $1B of funds. @benbybit confirms all of clients' assets are 1 to 1 backed."
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CEO's Assurance:
- Tweet: "Bybit CEO is solvent even if this hack loss is not recovered; all of clients' assets are 1:1 backed, we can cover the loss."
Published: February 21, 2025
Link to Tweet
- Tweet: "Bybit CEO is solvent even if this hack loss is not recovered; all of clients' assets are 1:1 backed, we can cover the loss."
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Suspicious Outflows:
- Tweet: "BREAKING There are high suspicious outflows from the Bybit exchange, 15-20 billion."
Published: February 21, 2025
Link to Tweet
- Tweet: "BREAKING There are high suspicious outflows from the Bybit exchange, 15-20 billion."
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Market Reactions:
- Tweet: "BYBIT Overall Score 3. BYBIT is on a rollercoaster ride with a market cap of $84,206, showing some promising price action but watch out for potential panic selling."
Published: February 21, 2025
Link to Tweet
- Tweet: "BYBIT Overall Score 3. BYBIT is on a rollercoaster ride with a market cap of $84,206, showing some promising price action but watch out for potential panic selling."
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Whale Activity:
- Tweet: "A smart whale just sold 17K of BYBIT at $29.13K MC. Recently, this whale made $459K profit on jailstool - hitting a 31X return."
Published: February 21, 2025
Link to Tweet
- Tweet: "A smart whale just sold 17K of BYBIT at $29.13K MC. Recently, this whale made $459K profit on jailstool - hitting a 31X return."
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Hacked Wallet Movement:
- Tweet: "Bybit hot wallet just moved out 1.5B of ETH. Possibly hacked as per Investigator ZachXBT. No Official Statement from Bybit yet."
Published: February 21, 2025
Link to Tweet
- Tweet: "Bybit hot wallet just moved out 1.5B of ETH. Possibly hacked as per Investigator ZachXBT. No Official Statement from Bybit yet."
Farcaster Updates
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Major Hack:
- Cast: "Bybit hacked for $1.4B. I believe that's the biggest hack of all time."
Published: February 21, 2025
Link to Cast
- Cast: "Bybit hacked for $1.4B. I believe that's the biggest hack of all time."
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Market Impact:
- Cast: "fyi I'm going long ETH here. Bybit literally has to go buy back $1.5bn worth of ETH now."
Published: February 21, 2025
Link to Cast
- Cast: "fyi I'm going long ETH here. Bybit literally has to go buy back $1.5bn worth of ETH now."
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Community Reactions:
- Cast: "I went and attributed 16 exchange hot wallets on Starknet so they would be publicly tagged on block explorers."
Published: October 6, 2024
Link to Cast
- Cast: "I went and attributed 16 exchange hot wallets on Starknet so they would be publicly tagged on block explorers."
Summary
Bybit has recently faced a significant security breach, with reports indicating that hackers compromised its ETH cold wallet, resulting in a loss of approximately $1 billion. The CEO has assured users that all client assets are backed 1:1, and the company remains solvent despite the incident. There have been suspicious outflows from the exchange, and the community is reacting with mixed sentiments, including whale activity and market speculation.
If you need further details or analysis, feel free to ask!