Chainflip: Strengthening the screening mechanism at the ETH proxy level to reject suspicious deposits

2025-02-22 17:45:42

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ChainCatcher message, cross-chain bridge Chainflip updates on the latest developments of the Bybit theft incident, stating, "We have noticed that hackers are attempting to convert the stolen funds from Bybit into BTC through Chainflip. Currently, we have shut down part of our front-end services to stop the flow of funds, but since the protocol is fully decentralized, with 150 nodes, we cannot completely shut down the entire system.

As a more long-term solution, we are strengthening the filtering mechanism at the ETH proxy level to reject suspicious deposits through the broker-api. This mechanism is currently applicable to BTC, and we just need to complete the implementation for ETH."

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Bybit theft incident tracking

On the evening of February 21, 2025, Bybit suffered a hacker attack, with over $1.4 billion worth of cryptocurrency assets stolen. How will the incident unfold, and what subsequent impacts will it bring?

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