Bybit confirms the integrity of security against safe incidents (wallet) - without compromises in infrastructure

DUBAIUae, February 27, 2025 / Prnewswire/ – BybitThe second largest exchange of cryptocurrencies in the world through the trading volume, has today issued an important update to the community regarding the forensic investigation of the recent security incident. Our preliminary results reaffirm the integrity of the Bybit infrastructure, while providing crucial information on the nature of the attack.
The forensic review of the Lazarus group concerned concluded that the credentials of a safe developer were compromised. This allowed the attacker to obtain unauthorized access to the safe infrastructure (wallet) and deceitful signators in the approval of a malicious transaction.

Bybit has hired third -party medical experts, including Verichins and Sygnia Labs to perform an independent review. Both forensic experts found no clues about any compromise in Bybit’s infrastructure as confirmed in Safe statement regarding the compromise of one’s own environment.

The full report can be downloaded here:

Bybit’s immediate response and future measures

Bybit moved most of the funds from his safe wallet addresses on the day of the incident. Ensuring that our users’ safety and security remains our priority. We actively evaluate alternative wallet solutions for custody that meet the highest security standards.

Bybit is and stays 100% safe. Our preliminary forensic experts have come to the conclusion that our infrastructure was not compromised. We will continue to improve our security measures and collaborate with top security experts to maintain our commitment safety.

Declaration from Ben ZhouCo-founder and CEO of Bybit:

“Bybit remains firm in our commitment to security and transparency. The preliminary forensic review finds that our system was not compromised. While this incident emphasizes the evolutionary threats in the Cripto protection space for our users. “

#Bybit / #thecryptoark

About Bybit

Bybit is the second largest cryptocurrency exchange in the world by trading volume, which serves a global community of over 60 million users. Founded in 2018, Bybit redefines the opening in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong emphasis on Web3, bybit Partners strategically, with leading blockchain protocols to provide robust infrastructure and lead chain innovation. Renowned for his safe custody, various markets, user’s intuitive experience and blockchain, Bybit’s tools, set the gap between Tradfi and Defi, empowering builders, creators and enthusiasts to unlock the whole potential of Web3. Discover the future of decentralized finances at Bybit.com.

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