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.
Insights by Ground AI
Does this summary seem wrong?
233 Articles
233 Articles
All
Left
13
Center
35
Right
22
Coverage Details
Total News Sources233
Leaning Left13Leaning Right22Center35Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 19%
C 50%
R 31%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage