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Bybit Hot Wallet Exploit for Malicious Transaction

A sophisticated attack attributed to North Korea’s Lazarus Group exploited Bybit’s Ethereum hot wallet, stealing 401,346.76 ETH ($1.12 billion) via a malicious proxy contract upgrade. Hackers manipulated the wallet’s implementation and executed transactions through a deceitful call structure. Recovery efforts have reclaimed $1.23 billion, highlighting vulnerabilities in multisig wallet security.

Source: cybersecuritynews.com –

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