Author: Tian Daxia; Source: Tian Daxia's Web3 Jianghu

February 21, 2025, an ordinary Night, for the global crypto industry, is like a bombshell, tearing apart the calm surface of encryption.

At 11:20 p.m. Beijing time on the 21st, ZachXBT, a detective in the currency circle, issued a statement saying that it had detected a large amount of capital outflows on the cryptocurrency exchange Bybit, with a total amount of money. Up to US$1.46 billion.

Some people began to wonder whether this was just a "normal wallet sorting" operation, and some people were premonitioning the arrival of a crisis in their hearts.

As Bybit co-founder Ben Zhou confirmed, Bybit was hacked and $1.44 billion worth of funds were stolen.

Faced with such a large amount, people realized that this is not only the largest hacker attack in the history of Web3 blockchain to date, but also an industry crisis. .

The cracks and unity of the encrypted world

To understand the importance of this hacking incident, we It is necessary to review the impact on the industry after the collapse of the "FTX storm" incident a few years ago.

At the top two giants in the crypto industry, FTX directly caused the crypto market to fall sharply at the moment of collapse.

FTX's misappropriation of user assets not only greatly impacted the trust of the entire industry, but also caused the encryption field to experience a trough for months.

BTC fell below $17,000 at that time, and encryption accelerated its turn to bear, making the future of the industry full of uncertainty.

But unlike the FTX incident, Bybit's hacking attack this time was not a betrayal from within the industry, but a malicious invasion from external hacking organizations.

Behind this hacking incident, it is not only the impact on the security of digital assets, it also reveals the changes in a world of things

< p style="text-align: left;">——A decentralized encrypted world, how to let go of past disputes, unite and meet challenges when facing common enemies.

In martial arts novels, the world is always full of competition between heroes and evil forces, and hackers are the "evil forces" hidden in the shadows.

They often hide in the darkness, but they can create disasters in a moment.

In this incident, Bybit's cold wallet was attacked, and the Hackers are undoubtedly synonymous with evil. And the "knight" standing in this crisis is every participant in the crypto industry.

As of now, Bybit has also completed an unprecedented crisis public relations response. In addition to its own response, they have also received support from all forces in the industry.

In this decentralized world, only unity can resist external evil forces.

After the incident, Binance He Yi and others posted articles to express their concern and expressed their willingness to provide help.

Tron founder and Huobi HTX global consultant Justin Sun expressed his concern at the first time: "We are paying close attention to Bybit security incidents, and will do our best to assist partners in tracking relevant funds and provide all support within our ability. ”

North Korean hacker organization, the biggest enemy of the crypto industry

On-chain detective ZachXBT in Beijing time Conclusive evidence was submitted at 3:09 a.m. to confirm that the attack on Bybit was carried out by the North Korean hacker group Lazarus Group.

ZachXBT's analysis report contains pre-attack tests Detailed information such as transactions, associated wallet analysis, multiple forensic charts, and timeline analysis.

Currently, Bybit hackers ETH holds more than Fidelity and Vitalik, becoming the 14th largest holding in the world.

Lazarus Group is a hacker group of unknown people, allegedly affected by North Korea manipulates.

While people have limited knowledge of the organization, researchers have blamed them for multiple cyber attacks since 2010.

Unlike FTX's "insider", this time, the hacker's goal was clear and the means were efficient. The entire attack was like a gust of wind in the dark, quickly and deadly .

After the hacking incident broke out, Ben Zhou wrote on the social platform: "We will announce the latest developments of the incident to everyone at any time. If any team can help us Tracking stolen funds would be greatly appreciated. ”

It is at this moment that we see unity that the crypto industry has never seen before.

Bitget supported Bybit this morning to borrow 40,000 ETH (approximately US$105.9 million) to survive the withdrawal wave after ETH was stolen. These ETH directly transferred from Bitget to the Bybit cold wallet address.

MEXC transferred 12,600 stETH to Bybit hot wallet, worth approximately US$33.75 million.

ABCDE co-founder Du Jun posted on the X platform, saying, "I will also recharge 10,000 ETH to Bybit today, and will not submit it within a month."

This scene is quite similar to the plot of a hero seeking help in a dilemma in traditional martial arts novels .

In times of crisis, the heroes in the world will let go of their grudges and unite to fight against the evil forces.

This time, it was the heroes of the crypto industry who stood up and fought against the dark forces in the online world with great courage and wisdom.

In this storm, Bybit is not alone. Supporters of his peers have joined the battle to help track stolen funds and prevent hackers from continuing to destroy the industry.

This moat is not only a technical line of defense, but also a consensus and cooperation mechanism within the industry.

Under the protection of this moat, whether it is hacking, periodic fluctuations, or external Both wars with technology can be effectively resisted.

Of course, some people are also trying to "sarcastically" who is the real friend. /p>

The security expert Cosine said very well. Don't worry about it, don't forget who our common enemy is.

As the traditional martial arts world teaches us: only unity can resist foreign enemies; only trust can search in the dark Light.

This Bybit event may be just the beginning. With the popularization and development of blockchain technology, security threats will become more and more complex and more difficult to predict.

But as long as each of us faces a crisis, we can be like these "knights" today.

Let go of prejudices , the future of Web3 is still bright.

Fuck those hackers!