Published 3 months ago • loading... • Updated 3 months ago

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

All

Left

Center

Right

France Info

Lean Left

What we know about the biggest cryptocurrency theft in history, costed at nearly $1.5 billion on the Bybit platform

A victim of an extraordinary cyber attack on Friday, the Dubai-based cryptocurrency trading company ensures that its clients' funds are "safe".

3 months ago·Strasbourg, France

Read Full Article

Eldiario.es

Lean Left

The biggest 'crypto-theft' in history: some hackers are made with $1.5 billion in ethhereum

The Bybit platform is asking for help from the "shinier minds" in cybersecurity. The reward: 10% of what they manage to recover

3 months ago·Spain

Read Full Article

Seeking Alpha

Lean Right

Bybit hack: $1.5B stolen from ethereum wallet in largest ever crypto heist

3 months ago·United States

Read Full Article

Le Monde

Lean Left

Bybit cryptocurrencies trading platform loses $1.5 billion in cyberattack

This is one of the largest thefts of cryptoactives in history. Piracy, linked to the group of North Korean hackers Lazarus, led to a panic movement of users, who removed the equivalent of half of the deposits from the platform.

3 months ago·Paris, France

Read Full Article

Il Post

Lean Left

Hackers stole 1.3 billion euros in cryptocurrency from one of the main exchange platforms

3 months ago·Italy

Read Full Article

Silicon Republic

Center

$1.5bn stolen from Bybit in ‘largest ever digital heist’

The digital asset platform has revealed that hackers gained access to and stole from an Ethereum coin digital wallet. Read more: $1.5bn stolen from Bybit in ‘largest ever digital heist’

3 months ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year