ℹ️ℹ️ Updated: - A hacker has compromised 1.4B. - The hacker is making large transfers of 10K ETH per address right now. - At least 200M USDT was moved from Bybit’s cold wallet to its hot wallet in the past 30 minutes —unclear if it’s for user withdrawals or an ETH buyback. Most of the compromised funds are in ETH. ETH price dropped 3% but quickly recovered after the news. - On-chain data shows the 1.4B loss is just 8.64% of their 16.2B reserves, meaning they can technically cover it. Withdrawals from Bybit are still functioning despite a significant surge in demand.