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.
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233 Articles
233 Articles
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A victim of an extraordinary cyber attack on Friday, the Dubai-based cryptocurrency trading company ensures that its clients' funds are "safe".
·Strasbourg, France
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The Bybit platform is asking for help from the "shinier minds" in cybersecurity. The reward: 10% of what they manage to recover
·Spain
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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.
·Paris, France
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Coverage Details
Total News Sources233
Leaning Left14Leaning Right21Center39Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 19%
C 53%
R 28%
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