According to Crypto Rover, Bybit's multisig cold wallet was hacked, resulting in the theft of $1.4 billion in ETH. The attack was attributed to the Lazarus Group, who employed a fake interface to deceive signers and alter transaction details. This breach highlights significant vulnerabilities in crypto security protocols, necessitating immediate risk management strategies and potential impacts on trading as investors react to the news.

According to @EmberCN, Bitget has provided Bybit with a loan of 40,000 ETH, valued at approximately $105.96 million, to manage the surge in withdrawals following an ETH theft incident. These ETH were transferred directly from Bitget to Bybit's cold wallet address, as verified by intel.arkm.com.

According to @EmberCN, Bybit's multi-signature cold wallet has been compromised, resulting in the theft of 514,000 ETH, valued at $1.429 billion. The hacker has dispersed 490,000 ETH across 49 addresses, with each address receiving 10,000 ETH. Additionally, 15,000 cmETH are being unstaked by the hacker, with an 8-hour waiting period remaining. This incident is critical for traders as it may impact ETH liquidity and security perceptions of multi-signature wallets.