Bybit Update: Bybit CEO Goes Live to Address $1.44 Billion ETH Theft Incident

In response to the massive $1.44 billion security breach, Bybit CEO Ben Zhou has launched a live broadcast on the Bybit platform, providing further insights into the ETH asset theft that has rocked the exchange.According to previous reports, Bybit's multi-signature cold wallet was compromised, leading to unauthorized withdrawals of over 500,000 ETH-related assets, including:401,347 ETH ($1.12 billion)90,376 stETH ($253.16 million)15,000 cmETH ($44.13 million)8,000 mETH ($23 million)With hackers already dispersing 490,000 ETH to 49 addresses and an additional 15,000 cmETH in the unstaking process, concerns over fund recovery and security upgrades remain at the forefront.