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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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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.

1 hour ago·United Kingdom

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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.

2 hours ago·Ljubljana, Slovenia

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DNyuz

Former Red Bull F1 Sponsor Involved in $1.5 Billion Crypto Heist

Well-known digital asset exchange, Bybit has recently fallen victim to one of the largest cyber thefts in the history of cryptocurrency. Hackers managed to steal approximately $1.5 billion in crypto tokens, making this incident another issue in an industry already rife with security challenges. Bybit, former sponsor of Red Bull Racing, now faces the daunting task of recovering and compensating for the losses. Bybit’s prominence in the crypto ind…

3 hours ago

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Volkskrant

Biggest crypto theft ever: $1.5 billion stolen in hack of popular exchange Bybit

Nearly $1.5 billion in digital coins have been stolen in a hack of crypto exchange Bybit. It is the largest crypto theft in the...

3 hours ago·Amsterdam, Netherlands

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Svenska Dagbladet

Crypto exchange blown by 15 billion

A cryptocurrency exchange says it has been the victim of a sophisticated data breach that resulted in the disappearance of around $1.5 billion in the cryptocurrency Ethereum. Bybit, the exchange that was affected, claims that someone from outside managed to manipulate a routine transfer of Ethereum between accounts. Now, the crypto values equivalent to over 15 billion Swedish kronor are b...

7 hours ago·Stockholm, Sweden

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