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BTC $65,131.27 -0.08%
ETH $1,923.47 +0.03%
BNB $609.34 +2.87%
XRP $1.04 +1.08%
SOL $76.00 +2.67%
TRX $0.3283 +0.19%
DOGE $0.0709 +1.65%
ADA $0.2002 +1.29%
BCH $217.33 +0.80%
LINK $8.35 +1.02%
HYPE $54.48 -2.86%
AAVE $91.39 +1.82%
SUI $0.6977 +3.86%
XLM $0.1659 +3.22%
ZEC $502.85 -1.39%

Security Community: Bybit attackers use "social engineering" techniques to mislead reviewers into mistaking contract changes for transfers

2025-02-22 12:46:10

ChainCatcher message, according to a post by the security community Dilation Effect on platform X: "Compared to previous similar incidents, in the Bybit incident, only one signer needed to be compromised to complete the attack, as the attacker used a 'social engineering' technique.

Analyzing on-chain transactions reveals that the attacker executed a malicious contract's transfer function through delegatecall. The transfer code modifies the value of slot 0 using the SSTORE instruction, thereby changing the implementation address of Bybit's cold wallet multi-signature contract to the attacker's address. The transfer here is very clever; it only requires dealing with the person/device initiating this multi-signature transaction, and the subsequent reviewers will significantly lower their guard when they see this transfer. Because a normal person seeing a transfer would think it's just a transfer, who would know it's actually changing the contract? The attacker's methods have evolved again."

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