“Largest Crypto Hack In History” Bybit Faces Historic $1.5 Billion Crypto Hack, Ethereum Price Drops 4%
Bybit, a Dubai-based crypto exchange, suffered a massive $1.5 billion hack, triggering $5.5 billion in withdrawals. Suspected to be the work of North Korea’s Lazarus Group, the breach shook the crypto world,
Bybit Replenishes $1.4 Billion after Largest Crypto Hack
Bybit has officially filled the $1.4 billion hole left by one of the biggest crypto hacks in history. CEO Ben Zhou announced that the exchange
Bybit saw $5.5 billion in outflows following crypto’s biggest hack
Cryptocurrency exchange Bybit has experienced total outflows exceeding $5.5 billion after suffering a $1.4 billion security breach, reportedly carried out by hackers linked to North Korea’s Lazarus Group. The attackers targeted the exchange’s ether cold wallet, prompting Bybit to secure emergency funding to maintain withdrawal operations.
What we know about the $1.5 billion Bybit crypto hack
Ben Zhou, Bybit's CEO, said that the hack had affected around 401,000 Ethereum and sparked a surge in withdrawal requests.
Bybit Sees Over $4 Billion ‘Bank Run’ After Crypto’s Biggest Hack
The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to access frozen funds.
$1.5 Billion Stolen in Unprecedented Bybit Crypto Exchange Hack
In a staggering blow to the cryptocurrency industry, Dubai-based exchange Bybit has fallen victim to a cyberattack resulting in the theft of approximately $1.5 billion in Ethereum tokens. This incident,
Shock as crypto exchange Bybit is hit by record-breaking $1.5 billion hack
Bybit crypto exchange has suffered a major hack, losing $1.5 billion in digital assets. This is believed to be the biggest crypto theft in history.
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Bybit suffers $1.5b “biggest ever” crypto theft
The cryptocurrency exchange Bybit has been left reeling after a $1.5 billion raid that is thought to be the biggest single ...
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Ethereum Tokens Under $1 That Could 30X as ByBit Recoups $1.5B ETH
ByBit has recovered $1.5 billion in Ethereum (ETH) following a significant security breach. Hackers conducted unauthorized ...
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Ben Zhou, CEO: Bybit is solvent, will cover all claims despite a growing withdrawal queue
Bybit will repay all users, though some of the lost Ethereum (ETH) may be secured via a bridge loan for short-term claims.
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Bybit Closes Ethereum Deficit With $1.23 Billion Post-Hack Purchase: CEO
The exchange reportedly replenished the Ethereum deficit through a combination of loans, whale deposits, and direct purchases ...
Bybit has ‘fully closed the ETH gap’ CEO says after $1.4B Lazarus hack
Bybit CEO Ben Zhou says the exchange has managed to "fully close the ETH gap" days after the $1.4 billion Lazarus hack.
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Bybit crypto exchange, which refused to list Pi Network, sees $5.5B in withdrawals after $1.5B hack
Users withdrew $5.5 billion from Bybit in a single day after the crypto exchange, which declined to list Pi Network, was hit by a $1.5 billion cyberattack, potentially the largest crypto theft in ...
Bybit Offers $140M Bounty In Wake of $1.4B ETH Hack, Investigation Focuses On Safe
In the aftermath of a $1.4 billion Ethereum (CRYPTO: ETH) heist, cryptocurrency exchange Bybit has launched a recovery bounty ...
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Bybit seals ETH shortfall, CEO confirms new proof-of-reserves incoming
Bybit has officially sealed the $1.5 billion Ethereum gap left by one of the largest crypto heists in history.