ByBit hacked 1,4billions $ stolen ( in ETH).

[toums]

More than 1 billion already left the exchange.

https://twitter.com/x/status/1892961406841983221

Funds are not safu.

https://twitter.com/x/status/1892963530422505586

This makes it the biggest hack (in fiat equivalent) in the history of CEX.

 

[Marshal]

The amount is just crazy. Anyone from this forum effected?

 

[0xDEADBEEF]

Congrats to Ben Zhou on his newfound billionaire status.

 

[sknomad]

This is why cold wallet is the most secure.

 

[cherry]

The whole idea of a custodial wallet is subversive to the point of a scam. Sheeple too weak to take personal responsibility for their money, give it to regulated companies, thinking that means their money is safe. I wonder how many who lost their money will keep their own wallets from now on? Probably very few, because the sheep want their lives run for them.

 

[JohnnyDoe]

Congrats to Ben Zhou on his newfound billionaire status.

This.
His explanation makes no sense.

 

[uplana]

I'm happy I learned in the early days from people around here to store my crypto in cold wallets!

 

[void]

and the s**t show goes on
https://www.coindesk.com/markets/20...ethereum-network-to-negate-usd1-4b-bybit-hack

yeah, we all should definitely focus on technologically superior innovative proof of stake networks where there is somebody who you can ask for help when things go wrong -