Today Bybit Cold wallet Multisig made a transfer to the Hot Wallet and all the signers couldn't see, because it was Masked, the true address in the contract.
After that, the hackers gained control over the wallet and Drained the huge amount of $1.4 bi in Ether.
Since that, ETH, dropped from $2800 to $2661 as the tokens were sold and fear spread across the markets.
Will Bybit Recover?
Bybit CEO live about the hack Transaction Hash Track the Hacker with Arkham Show Less
