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
Cryptoacademy O Status 1892985543069147469
- 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
Kropakropowski Status 1892975200557244799
- 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."
-
Suspicious Outflows:
- Tweet: "BREAKING There are high suspicious outflows from the Bybit exchange, 15-20 billion."
Published: February 21, 2025
Rough Coin5 Status 1892976614297715114
- Tweet: "BREAKING There are high suspicious outflows from the Bybit exchange, 15-20 billion."
-
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
Crypto Quaint Status 1892964673290686663
- 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."
-
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
Smartwhalealert Status 1892961840306504059
- 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."
-
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
Kropakropowski Status 1892965252859392142
- 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
Robrecht 0xb1ef8051
- Cast: "Bybit hacked for $1.4B. I believe that's the biggest hack of all time."
-
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
Eggman Eth 0xc78efc87
- 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
Zachxbt 0xc0746c29
- 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!