Bybit Hit by $1.5 Billion Hack in Largest Crypto Theft Ever
- Crypto prices dropped on Friday, with Bitcoin falling to nearly $97,000 and Ether dipping below $2,700 due to a security incident at Bybit.
- Bybit confirmed a hacker stole over $1.46 billion worth of cryptocurrency from its ETH cold wallet, marking this incident as the largest cryptocurrency hack ever.
- Bybit stated that all other cold wallets are secure, and its CEO assured that all client assets are backed 1 to 1 despite the loss.
- A suspicious $1.4 billion ETH outflow prompted the security incident investigation by Bybit's team and external experts.
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109 Articles
109 Articles
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Left
6
Center
22
Right
12
Coverage Details
Total News Sources109
Leaning Left6Leaning Right12Center22Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
15%
C 55%
R 30%
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