294
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 25 Feb 2025
294 points (98.7% liked)
World News
687 readers
1192 users here now
Rules:
- Be a decent person
- No spam
- Add the byline, or write a line or two in the body about the article.
Other communities of interest:
founded 5 months ago
MODERATORS
This was a targeted attack against a cryptocurrency exchange. The specific crypto happened to be Ethereum (ETH), but more importantly the hackers were able to identify and target the specific employees needed for their multi-signature transactions, and infect their machines with malware to alter the user interface and show different destination wallet addresses. The exchange Bybit has offered a 10% bounty which could earn whitehats up to $140 million for any funds recovered, but I would be very surprised to see huge success with the use of mixers and such.