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Bybit Hack Caused By Malicious Code In Safe Wallet’s Infrastructure: Report

CoinGape LogoCoinGape12h ago

Bybit Hack Caused By Malicious Code In Safe Wallet’s Infrastructure: Report - CoinGape

Quick Summary:

Early reports point to a third-party vulnerability as Bybit tries to find the remote and immediate causes of its security breach.

While the interim investigation has absolved the exchange of blame, experts say the hack may be mitigated with watertight guardrails.

Preliminary investigations say the attack on the top exchange was scheduled to hit during the next Bybit transaction.

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Bybit Hack Caused By Malicious Code In Safe Wallet’s Infrastructure: Report - CoinGape (Picture 1)

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Article Details

Author / Journalist: Aliyu Pokima

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-26 @ 18:16:17 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 336 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26463564

View Article Analysis

About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 43 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

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The story "Bybit Hack Caused By Malicious Code In Safe Wallet’s Infrastructure: Report" has 336 words across 27 sentences, which will take approximately 2 - 3 minutes for the average person to read.

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The story "Bybit Hack Caused By Malicious Code In Safe Wallet’s Infrastructure: Report" was covered 12 hours ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 43 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #26463564
  • URL: https://beamstart.com/news/bybit-hack-caused-by-malicious-17405938463305

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