Bybit

2/21/2025 — EXPLOIT DETECTED

Bybit was exploited via a safe multisig wallet phishing exploit attack on the Ethereum network. Approximately $1.40B in funds were drained from the protocol.

TECHNIQUE: SAFE MULTISIG WALLET PHISHING EXPLOIT

The attacker used a safe multisig wallet phishing exploit vector to drain funds. Check the social reactions below for community analysis and on-chain investigation threads.