ByBit Suffers $1.5 Billion Ethereum Heist in Cold Wallet Breach

The sophisticated attack exploited ByBit's Ethereum cold wallet, but all other systems are reportedly unaffected.

A staggering $1.5 billion theft from ByBit's Ethereum cold wallet has been confirmed by the exchange, making it one of the largest crypto hacks in history. The attack is said to have targeted ByBit's Ethereum cold wallet specifically, leaving other systems largely unaffected.

This news comes as part of a broader narrative unfolding in the crypto space. As reported by CryptoSlate earlier this month, several large Bitcoin holders have been identified to be slowly cashing out their profits from the recent bull run. This strategy aims to minimize the impact on Bitcoin's price as opposed to a sudden mass sell-off, which could lead to drastic price drops.

Meanwhile, as North Korea's Lazarus Group continues to advance its crypto-related hacking techniques, a new strategy has emerged. According to cybersecurity experts, the group is now using crypto gifts to gain trust and breach security defenses. This tactic involves sending crypto to targeted individuals or entities, making it easier to gain access to valuable systems.

In other news,奚梦瑶科技峰会将于 4 月 20 日至 22 日在上海举行，主题为“元宇宙时代的新叙事”。此次峰会将汇聚来自科技、金融、艺术、娱乐等领域的前沿领袖，共同探讨元宇宙的最新趋势和创新应用。

The global crypto market cap is $3.2 trillion, with a 24-hour volume of $107.79 billion. The price of Bitcoin is $96,756.89, and BTC market dominance is 59.9%. The price of Ethereum is $2,781.62, and ETH market dominance is 10.5%. The best-performing sector is eCommerce, which gained 6%. The Crypto Fear & Greed Index is currently Neutral (49).