Unlike the LuBian hack, which involved Bitcoin, hackers stole over 400,000 ETH from Bybit’s cold wallets through social engineering. As a result, the hackers were able to authorize these transfers despite the wallets being multisig.
$14 Billion In Stolen Bitcoin? Arkham Intelligence Unveils Biggest BTC Heist To Topple Bybit’s $1.5 Billion Theft