Bybit News: $1.5 Billion Ethereum Hack Linked to Compromised Developer Laptop

In a stunning development, Bybit, a prominent cryptocurrency exchange, has fallen victim to one of the largest hacks in the history of the industry. Here’s a detailed summary of what transpired:

Bybit Hack Linked to Compromised Developer Laptop

Safe’s internal investigation revealed that a developer’s compromised laptop led to the Bybit hack. The breach occurred on Feb. 4 through a contaminated Docker project on a macOS workstation, allowing malware injection and unauthorized access by exploiting active AWS tokens. This enabled hackers to modify Bybit’s Safe multi-signature wallet interface, redirecting $1.5 billion worth of Ethereum (ETH) to a different address, marking the largest hack in history.

What Caused Bybit’s $1.4 Billion Ethereum Hack? New Details Revealed.

Multi-signature wallet provider SAFE said Thursday that last month’s $1.4 billion Ethereum heist from Dubai-based centralized exchange Bybit stemmed from a compromised developer laptop. After multiple independent reports pointed to a malicious code injection to Safe’s infrastructure, the firm, alongside security experts at Mandiant, released more details Thursday, saying that the investigation had reached a “critical checkpoint.”