Bitget Crypto Exchange sent 40 ETH on the exchange bybitto support liquidity after a hacker attack. This was stated by Bitget CEO Gracie Chen on February 21 bybit fell victim to hackers, as a result of which the attackers gained access to one of the platform’s cold wallets and withdrew 401 ETH worth more than $346 billion.
At Bitget, we strongly believe in supporting the community and all those who contribute to the growth of cryptocurrency. These are Bitget’s own funds that we have sent to the benefit of the crypto industry.
For us bybit — a respected competitor and partner. We will continue to monitor the incident, and if bybit If additional support is needed, we are ready to provide it,” Chen emphasized.
According to Lookonchain, overall bybit 145 ETH were placed and lent out for a total of approximately $879 million. In addition to Bitget, transfers were also seen from Binance in the amount of 47 ETH (about $800 million), as well as a contribution from a Chinese investor with the address “127,56×0” in the amount of 3275 ETH, which corresponds to $20 million.
The Bitget team also announced that addresses associated with the cyberattack have been blacklisted.
Our systems have blacklisted the hacker wallets. We will block any transactions coming from suspicious addresses to the exchange as soon as they are identified. Our security service and analytical team are currently monitoring their activity, — added the head of Bitget.
Chen also noted that it is necessary to analyze the incident in order to counter similar attacks in the future.
According to the latest data, hackers have managed to compromise the multi-signature system bybit, replacing the data that was displayed to employees bybit, who have the right to sign transactions for transfer. Experts note the similarity of the attack on bybit with previous attacks. In particular, similar methods were used by hackers who broke into the Radiant Capital protocol in October 2024 and managed to gain control over private multisig keys.