US EditionBybit 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.
233 Articles
233 Articles
The cyberattack took place on Bybit, the cryptocurrency trading platform with the largest volume of transactions in the world.
A victim of an extraordinary cyber attack on Friday, the Dubai-based cryptocurrency trading company ensures that its clients' funds are "safe".
The subtraction of 1.5 billion Bybit points out that vulnerability also reaches schemes that were considered safe
The Bybit platform is asking for help from the "shinier minds" in cybersecurity. The reward: 10% of what they manage to recover
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.
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