L01C on Nostr: But sure, self-custody is way too risky ...

But sure, self-custody is way too risky

quoting nevent1q…06ly

⚡️🚨ALERT: Bybit confirms a hack that emptied its ETH cold wallet ($1.4 billion).

🔍 What happened:
-A transaction was signed from their ETH cold wallet to their warm wallet.
-The interface displayed a correct address, but the actual transaction modified the logic of the smart contract.
-The signatories validated without seeing that the hacker was taking control of the cold wallet.
- All ETH were transferred to an unknown address.

CEO Bybit reassures his users: no other wallet is affected and withdrawals are working normally.