Latest Bybit News

On February 21, 2025, at approximately 12:30 PM UTC , Bybit detected unauthorized activity within one of our Ethereum (ETH) Cold Wallets during a routine transfer process. The transfer was part of a scheduled move of ETH from our ETH Multisig Cold Wallet to our Hot Wallet. Unfortunately, the transaction was manipulated by a sophisticated attack that altered the smart contract logic and masked the signing interface, enabling the attacker to gain control of the ETH Cold Wallet. As a result, over 400,000 ETH and stETH worth more than $1.4 billion were transferred to an unidentified address.

We want to reassure our users that this was an isolated incident involving only the ETH Cold Wallet. All other cold wallets and assets, including BTC, remain secure, and client funds are unaffected.

 
We are working alongside leading blockchain forensic experts to trace the stolen funds and resolve the situation. Our security team is investigating the root cause, with particular attention being given to a potential vulnerability in the user interface of the Safe.global platform, which may have been exploited during the transaction process.

We are taking all necessary steps to prevent any further unauthorized activity, and will continue to update our users regularly through our official channels.

We remain fully committed to the security of your funds and the integrity of our platform. If you have any concerns or questions, please reach out to our Customer Support team via Live Chat or through our official support channels. We sincerely appreciate your continued trust and understanding. We will provide further updates as our investigation progresses.


Thank you for being part of the Bybit community.

On February 21, 2025, at approximately 12:30 PM UTC , Bybit detected unauthorized activity within one of our Ethereum (ETH) Cold Wallets during a routine transfer process. The transfer was part of a scheduled move of ETH from our ETH Multisig Cold Wallet to our Hot Wallet. Unfortunately, the transaction was manipulated by a sophisticated attack that altered the smart contract logic and masked the signing interface, enabling the attacker to gain control of the ETH Cold Wallet. As a result, over 400,000 ETH and stETH worth more than $1.5 billion were transferred to an unidentified address.

Incident Update: Unauthorized Activity Involving ETH Cold Wallet

Stay on top of the latest listings, launches and what’s trending.

Be the first to get critical insights and analysis of the crypto world. Subscribe to our newsletter now.

Bybit Announcement

Daily Crypto Market Movement at Your Fingertips.

Thank you for subscribing!

Daily Bits

Stay on top of the latest listings, launches and what’s trending. Claim $50 bonus when you deposit $100 and trade $10 today!