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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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Wired

$1.4 Billion Stolen From ByBit in Biggest Crypto Theft Ever

Plus: Apple turns off end-to-end encrypted iCloud backups in the UK after pressure to install a backdoor, and two spyware apps expose victim data—and the identities of people who installed the apps.

2 hours ago·United States

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Corriere Della Sera

North Korean hackers and the biggest cryptocurrency theft: 1.5 billion dollars stolen from Bybit

The Lazarus group has stolen more than 400,000 Ethereum from one of the largest digital currency exchanges. The platform claims to be 'solvent' but has asked other actors for help to compensate

2 hours ago·Italy

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Sky News UK

'Worst hack in history' as $1.5bn in cryptocurrency stolen

The Dubai-based Bybit exchange said an attacker gained control of an Ethereum wallet and transferred its holdings to an unidentified address.

4 hours ago·United Kingdom

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n-tv.de

North Korea steals 1.5 billion: crypto market Bybit reports world's largest cyber theft

The bitter-poor North Korean regime has been pauping its budget for years with cybertheft and hacker attacks. The latest victim is one of the world's largest crypto platforms: Bybit has to report the loss of around 1.5 billion US dollars.

4 hours ago

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24ur.com

The largest crypto exchange 'heist' in history: is the infamous North Korean group behind it?

Cryptocurrency exchange Bybit has announced that hackers have stolen $1.5 billion (€1.43 billion) worth of digital currency, in what could be the largest cryptocurrency theft in history. The target: Ethereum. The exchange is reportedly already successfully resolving the situation, and users' funds are safe, Bybit claims. The attack is believed to be carried out by the notorious North Korean hacking group Lazarus Group.

4 hours ago·Ljubljana, Slovenia

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