So, BTC fell 2.5% to US $ 95,883while Ethereum (eth) lost 3.4%, to US $ 2,645.
The Altcoins like Binance Coin (BNB), Solana (Sol) and Dogecoin (Doge) retreated 2.1%, 3.7%and 6.3%, respectively.
The Bybit cryptocurrency exchange suffered a large magnitude cyber attack, with estimated losses at more than US $ 1,400 million in Ethereum. The incident, confirmed by the co -founder and CEO of the platform, Ben Zhou, generated great Concern in the crypto community and revives the debate on the security of centralized exchanges.
On-Chain Zackxbt security analyst was one of the first to alert about the hacking, noting that the attackers managed to subtract not only ETH, but also other digital assets such as Staked Ethereum (Steth) and Megaeth (Meth).
Ben Zhou explained that the attack occurred due to the manipulation of a transaction from Bybit’s multifirma wallet to a hot wallet of the platform. According to the manager, The transaction seemed legitimatebut in reality it contained malicious code that altered the logic of the intelligent contract and allowed the diversion of the funds.
How they managed to violate Bybit’s security
The first analyzes suggest that the attackers used a Tactics of “interface phishing” or “UI spoofing”. This technique deceives transaction signatories by showing apparently legitimate information, while in reality they are approving critical changes in intelligent contracts or authorizing transfers to directions controlled by hackers.
The fraudulent transaction was designed for the signatories to see a manipulated interface that showed the right direction and a SAFE URL, a security platform for digital asset storage. However, the firm authorized a modification in the logic of the intelligent cold wallet contract, which allowed attackers to take control of the funds.
Cryptocurrencies: Capitalization of the fall in fall
From goodbit, although they maintain the optimistic and constructive visited for the crypto industry, they identify that The total market capitalization decreased by 15% since its historical maximum of US $ 3,72 billion, reached on December 17. Now it is approximately U $ 3.36 billion. “This derives from the fact that Bitcoin and Ethereum’s futures of the Chicago Mercantile Exchange Group (CME)- one of the largest and most known futures bags in the world- approach the spot market premiums, where the prices of the future fall Below the spots, a situation similar to June and July of last year, “they said.
However, they ruled out that the lowest demand for futures of Bitcoin and Ether in the CME by institutional investors represents a downward risk for the short -term cryptocurrency market. “Rather, it evidence They highlighted.
Source: Ambito
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