Bybit Falls Victim to One of the Largest Crypto Thefts in History
Bybit suffered one of the largest crypto thefts in history, with $1.5 billion stolen from its cold wallet during a routine transfer. The hack triggered a surge in withdrawals, as users feared Bybit might not recover. The crypto market also reacted negatively, with Ethereum dropping 6.7% and Bitcoin falling 3%.
Ben Zhou, Bybit's CEO, said that the hack had affected around 401,000 Ethereum and sparked a surge in withdrawal requests.
Mark Cuban dismisses Bybit’s $1.4 billion hack as having "no implications" for crypto but questions whether the exchange has ...
Cryptocurrency exchange Bybit CEO Ben Zhou said the exchange has processed all withdrawals, and its system is “fully back to ...
The hackers stole the crypto from Bybit's cold wallet, an offline storage system that's supposed to be highly secure. Around ...
The Lazarus Group has been implicated in several high-profile cryptocurrency thefts in recent years, including the $600 ...
Bybit CEO Ben Zhou confirmed the incident, stating that the exchange’s ETH cold wallet was compromised due to a sophisticated ...
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