Crypto Asset Exchange Bybit, exposed to one of the biggest cyber attacks in its history, announced that Ethereum (ETH) was stolen with $ 1.5 billion.

The attackers seized one of the cold wallets of the stock market and transferred all assets to an unknown address. While the incident aroused a great impact in the crypto money markets, investors led to a significant trust in the midst.

9 %of the total assets were lost

Bybit CEO Ben Zhou announced that the attackers manipulated the smart contract structure of the cold wallet and that the stock market seized the control of the wallet thanks to a message signed.

Following the hearing of the attack, there were harsh movements in the crypto markets. Ethereum lost 6.7 %value, while Bitcoin also experienced a 3 %decrease. This loss, which constitutes 9 %of the total assets of Bybit, caused question marks about the financial structure of the stock market, while the company’s rapid funds reduced the panic atmosphere to a little bit. The administration announced that customer balances will not be affected and that the losses will be met with partner bridge loans.

Security Group launched a comprehensive investigation

Bybit’s security group launched a comprehensive investigation to identify the responsible for the attack and follow the stolen funds. The company follows the background movements by collaborating with Blockchain analyz specialists.

As one of the biggest attacks in the history of crypto, this event has even left behind the Ronin Network and Poly Network raids.