Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen
www.bloomberg.com
Crypto exchange Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion worth of tokens in the biggest theft ever committed in the industry. Researchers believe North Korean hackers were likely responsible.
    • subversive_dev@lemmy.mlEnglish
      01·
      2 months ago

      My speculations:

      • “insecure from the start” - as in , the wallet was never that “cold”

      • with that amount of money, it’s easy to imagine an “insider threat”

      • the hackers could have gotten lucky and struck right when the company was doing legitimate operations on the wallet

      • but probably it’s a towering mountain of incompetence, composed of the elements above and more