What Was Special in the Bybit Hack?

Krutika Adani

Wallet User Interface Phished

Till now, phishing was primarily done through fake websites and dApps, but this time, the user interface of the cold wallet was phished.

Smart Contract Logic Was Altered

The hackers tricked Bybit wallet handlers into changing the smart contract logic of the smart wallet, which otherwise was supposed to be a routine transfer.

Money Was Laundered in New Mixers

Allegedly, some new crypto mixers were erected to launder the ETH, which was later bridged to SOL.

Launched a Memecoin to Launder Funds

Hackers were also traced launching a memecoin on Pump Fun to launder their proceeds.

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