TechFlow reported on February 21 that Bybit CEO Ben Zhou confirmed hackers had deceived multi-signature holders through a spoofed Safe wallet interface, gaining control of an ETH cold wallet. About an hour ago, when the cold wallet transferred funds to a hot wallet, all signers saw the correct address and Safe wallet URL, but the actual signed transaction was an operation altering the smart contract logic.
Ben Zhou emphasized that no other cold wallets were affected and platform withdrawals remain normal. The Bybit team is tracking the stolen funds and welcomes assistance from relevant teams.
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