02/23/2025

Hackers Steal $1.5 Billion from Exchange Bybit

This marks the biggest-ever crypto heist

Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what's estimated to be the largest crypto heist in history.

The attack compromised Bybit's cold wallet, an offline storage system designed for security. The stolen funds, primarily in ether, were quickly transferred across multiple wallets and liquidated through various platforms.

"Please rest assured that all other cold wallets are secure," Ben Zhou, CEO of Bybit, posted on X, formerly known as Twitter. "All withdrawals are NORMAL."

Please select this link to read the complete article from NBC News.