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Bybit hacked for $1.5B in biggest crypto heist of all time

Major cryptocurrency exchanges say that the stolen digital currency worth around $1.5 billion was the victim of sophisticated hacks, marking one of the biggest online thefts of all time.

Bybit I said it on Friday Ethereum's daily transfers, one of the most popular cryptocurrencies between digital wallets, were “manipulated” by attackers who transferred the crypto to an unidentified address.

The company tried to reassure customers that the exchange's cryptocurrency holdings were secure. The company added that hack news has led to a surge in withdrawal requests and that it may be delayed in handling them.


Bybit said that Ethereum's daily transfer, one of the most popular cryptocurrencies between digital wallets, was “manipulated” by attackers who transferred the crypto to an unidentified address. Reuters

Bybit CEO Ben Zhou; I said it on social media His company remains a solvent even if the hacked code is not recovered.

“We can cover the loss,” he said.

Stealing cryptocurrency is a hacker's favorite tactic. In particular, North Korean provincial hackers have been linked to several overpass code thefts in recent years.

It was published in December by the FBI, the Department of Defense, and the Japanese National Police Agency. Joint Statement Denouncing North Korean hackers for theft of $308 million from Japanese crypto companies

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