"Please rest assured that all other cold wallets are secure," Ben Zhou, CEO of Bybit, posted on X. "All withdrawals are NORMAL."
Blockchain analysis firms, including Elliptic and Arkham Intelligence, traced the stolen crypto as it was moved to various accounts and swiftly offloaded. The hack far surpasses previous thefts in the sector, according to Elliptic. That includes the $611 million stolen from Poly Network in 2021 and the $570 million worth of Binance's BNB token stolen in 2022.