ChainCatcher news, Bybit officials stated that the mETH Protocol team played a key role in the recent security incident. Through swift action and effective coordination, the mETH Protocol team successfully recovered 15,000 cmETH tokens, worth approximately 43 million dollars.

ChainCatcher news, according to Lookonchain monitoring, the stolen funds address from Bybit (from the Lazarus Group) has transferred 10,000 ETH and started laundering.Currently, the Bybit hacker holds 489,395 ETH (1.32 billion USD) and 15,000 cmETH (non-withdrawable) across 53 wallets.

ChainCatcher message, mETH Protocol released a Bybit security incident update, which disclosed that a security incident occurred at Bybit leading to unauthorized withdrawals of mETH and cmETH from the exchange. This included three transactions through DEX that exchanged 8,000 mETH for ETH, and an attempt to withdraw 15,000 cmETH initiated through mETH Protocol, which was not successfully completed.Mantle or mETH Protocol posed no risk and reduced cmETH liquidity on the Mantle Network L2, and the attacker's wallet address has been blacklisted to prevent further cmETH transfers or interactions within the protocol. Ultimately, no unauthorized cmETH withdrawals occurred, the contract has been restored, and operations have returned to normal.

ChainCatcher news, the liquid staking/re-staking protocol mETH Protocol announced on platform X that cmETH withdrawals have resumed, user funds are safe and fully supported, and a detailed post-incident analysis report will be published soon, outlining the events and all measures taken.Previous news, the liquid staking/re-staking protocol mETH Protocol under Mantle, which has a deep binding relationship with Bybit, announced the suspension of cmETH withdrawals after learning about recent security incidents involving certain mETH and cmETH transactions at Bybit, but deposit and staking services continue as usual.

ChainCatcher message, the mETH Protocol under Mantle, which has a deep binding relationship with Bybit, has indicated that it is aware of a recent security incident involving certain mETH and cmETH transactions on Bybit, including a withdrawal request for 15,000 cmETH.To support the ongoing investigation, cmETH withdrawals on the platform have been suspended, while deposit and staking services continue as usual. User funds on the mETH Protocol remain safe and unaffected, and the protocol is still protected by the highest security standards. The community will be notified immediately once withdrawals are restored.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, Bybit's ETH multi-signature cold wallet was hacked, resulting in the theft of 514,000 ETH, worth $1.429 billion.The hacker has dispersed 490,000 ETH to 49 addresses (10,000 ETH each). Yu Jin added that another 15,000 cmETH is currently being unstaked by the hacker (with an 8-hour waiting period).

ChainCatcher news, according to Onchain Lens, ZachXBT monitored Bybit encountering a security incident, with $1.44 billion in funds withdrawn, including:401,347 ETH, worth $1.12 billion;90,376 stETH, worth $253.16 million;15,000 cmETH, worth $44.13 million;8,000 mETH, worth $23 million.

ChainCatcher news, the mETH Protocol launches the COOK Feast event, locking COOK to earn COOK Power, which can participate in the distribution of a prize pool of 200 cmETH. Users can withdraw funds at any time or choose a fixed lock-up period to increase rewards.COOK Feast aims to reward the support of community members, allowing COOK holders to increase their cmETH, encouraging long-term participation in the ecosystem.It is reported that COOK is the governance token of the mETH Protocol, with a total supply of 5 billion tokens and an initial circulating supply of 916 million tokens.According to RootData, the mETH Protocol is a permissionless, non-custodial ETH liquid staking protocol deployed on Ethereum L1 and managed by Mantle. Users stake ETH to earn mETH. Unstaking mETH allows users to receive the underlying principal of staked ETH and accumulated rewards.

ChainCatcher news, mETH Protocol announced on X that cmETH TVL has surpassed 100,000 tokens, valued at approximately $320 million. cmETH was listed on the exchange Bybit on November 15, currently priced at $3,262.It is reported that cmETH is a 1:1 receipt token for resetting $mETH, allowing users to earn rewards across multiple protocols. cmETH can also be used for mining to earn Powder.

ChainCatcher news, according to monitoring by The Data Nerd, a whale (0x651) exchanged 3,172 mETH (8.35 million USD) for 2,172 cmETH the day after the mETH Protocol launched cmETH. Three days later, it staked 2,000 cmETH (5.22 million USD) on the cmETH staking platform TreeHouse, from which it can earn EigenLayer, Symbotic and Karak points, Veda points, 20X Powder, and future AVS rewards.