In the early light of dawn, whispers of a third-party vulnerability began to swirl like dust in the wind, as Bybit scrambled to uncover the elusive specter that had breached its defenses. The interim investigation, a hasty affair, seemed to clear the exchange of any wrongdoing, yet the wise ones murmured that the hack could have been thwarted with some sturdy guardrails—perhaps even a moat filled with alligators. 🐊
The Wallet That Cried Hack
As Bybit staggered under the weight of a staggering $1.5 billion hack, it turned to the valiant knights of Web 3 security, Verichains and Sygnia Labs, to unravel the tangled web of deceit. CEO Ben Zhou, in a moment of digital bravado, took to X to unveil the findings of the interim investigation, pointing a finger at Safe Wallet as the villain of this tragic tale.
The document, a veritable scroll of doom, revealed that the root of the hack lay in the malicious code that had infiltrated the wallet’s very infrastructure. It was as if a band of rogue pirates had replaced the original JavaScript file of the app.safe.global with a cursed version, targeting Bybit’s Ethereum Multisig Cold Wallet like a hawk eyeing its prey. 🦅
Preliminary investigations suggested that the attack was timed with the precision of a Swiss watch, set to strike during the next Bybit transaction. Analysts from Verichains and Sygnia Labs speculated that the Safe Global AWS S3 and CloudFront accounts were the likely treasure chests for the hackers. Arrr, matey! 🏴☠️
The report, a treasure map of sorts, cited Wayback Archives as evidence of a “cached malicious file,” thanks to Google Search’s clever integrations. Safe Wallet’s official statement, like a parrot squawking on a pirate’s shoulder, confirmed the breach’s origin, pointing to a compromised Safe developer machine. Talk about a security breach that could make a sailor weep! 😢
“Bybit remains steadfast in our commitment to security and transparency,” declared Zhou, with the confidence of a captain steering a ship through a storm. “The preliminary forensic review finds that our system was not compromised.” Well, that’s a relief, isn’t it? 🙄
A Heroic Quest to Recover the Lost Treasure
In the frantic hours following the attack, Bybit, like a knight in shining armor, swiftly transferred the funds from its Safe Wallet to limit the damage. The exchange managed to freeze a whopping $42 million worth of stolen booty, thanks to a collaborative effort from industry players. Who knew the crypto world had such camaraderie? 🤝
Zhou, ever the strategist, announced a bounty hunt aimed at crippling the Lazarus Group’s ability to cash out from their ill-gotten gains. A glimmer of hope emerged as the firm confirmed it had recovered 100% of the Ethereum lost in the hack, thanks to a series of loans and OTC deals with industry giants like Galaxy Digital and Wintermute. It’s like a fairy tale ending, minus the happy ever after! 🏰
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2025-02-26 21:18