Cyvers in the News

Breaking Bybit Reportedly Suffered a $1.5 Billion Hack
This was likely caused by blind signing while attempting to execute a legitimate transaction. From that moment, the hackers had full control over the wallet and no longer needed additional signatures. ^{This attack is very similar to those on WazirX and Radiant Capital,” Meir Dolev, Co-Founder and CTO of Cyvers, told BeInCrypto.}

Bybit hacked for $1.46B in Ethereum wallet security break

On-chain investigator ZachXBT noted a series of suspicious outflows from Bybit’s wallets. ^{Cyvers also noted abnormal activity from the Bybit wallets.} Previously, the exchange was also attacked by address poisoning unrelated to the current hack.

The exchange saw outflows of $1.46B for mETH and stETH, which is being swapped back into ETH through DEX.

Phemex halts withdrawals amid $29M of 'suspicious' outflows

^{Blockchain security firm Cyvers has flagged nearly $30 million of suspicious outflows from Phemex.}

Cyvers' co-founder and chief technology officer, Meir Dolev, highlighted that 125 suspicious transactions were recorded across 11 blockchains, with some assets already swapped to bypass freezing...