There is always some movement in the world of cryptocurrency and recently $ 1.4 billion bybit Hack has caught everyone’s attention. This was done on the hack Crypto Change bybit, in which a large amount of funds were stolen from their ethereum chilly pockets. But an interesting aspect is associated with PI Community and its supporters with the controversy of Bybit Ceo Ben Zhou. After bybit hack, supporters of Pi Community are tightening Zhou on social media, considering it as “karma”, especially when Bybit CEO told Pi Coin a scam Was.
Ben Zhou criticized against Pi Coin
Pi Coin, which is still an emerging cryptocurrency, is very much discussed with its “pioneers”. When PI applied for a listing with Bybit, bybit rejected it, after which the PI claimed that bybit rejected his Know Your Trade (KYB) application. Subsequently, bybit’s CEO Ben Zhou called Pi Community a scam. Zhou also said that he would stay away from Pi Community and consider it a fraud. He also put up a 2023 warning of Chinese authorities about Pi Coin, in which it was called fraud.
Zhou’s comments angered supporters of the PI network. He started surrounded by attacking Bybit and several memes and funny were posted against Zhou on social media. Following these comments, the people of Pi Community today are looking at Bybit’s $ 1.4 billion hack as “karma”, assuming that it may be the result of Bybit and Zhou’s aggressive attitude.
Bybit hack: a serious security violation
Bybit’s $ 1.4 billion hack reflects a huge security lapse. According to reports, the hacker used a subtle exploit, in which a hidden user interface was used to make the transaction look valid, which gave the illegal transactions approved by deception. In this hack, 401,347 eths were stolen from Bybit’s Etreum Multisig Chillly Pockets, which affected the entire crypto market. After this incident, the price of Etreum declined by 6%.
After hack, bybit detected connections to Binance, which observed that the hacker received Etreum from Binance for gas fee. However, the account related to binance cannot be accepted as this account may be associated with the identity purchased from the dark web. Bybit and Binance may require police assistance in this case so that the actual hacker can be detected.
Conclusion
Bybit’s $ 1.4 billion hack is a serious event and has shook the entire cryptocurrency community. Although Pi communication And his supporters are tightening against Zhou and bybit, but it has not yet been proved that this hack has a direct connection with PI Community or Zhou’s comments. But this phenomenon is an opportunity to learn a significant, which makes the Crypto exchanges feel the need to improve their safety. The investigation of this hack continues with mutual support between bybit and binance, and it is expected that it will soon find a solution.
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