Security execs weigh in on ‘staggering’ scale of record Bybit hack

Le Figaro

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A hacker managed to transfer this money to an unidentified address. Bybit's CEO, Ben Zhou, assures that only one wallet has been compromised and that the others are still secure.

Cointelegraph

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Security execs weigh in on ‘staggering’ scale of record Bybit hack

The record-breaking $1.4 billion Bybit hack displays the “increasingly creative exploits” seen in the crypto industry, Halborn’s co-founder told Cointelegraph.

Tron Weekly Journal

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Lazarus Group Strikes: Bybit Hit With Record $1.46B Hack

Lazarus Group identified as the hacker in the Bybit exchange breach. Industry giants, including OKX and KuCoin, offer support to Bybit. Bybit continues operations smoothly, no contagion like FTX collapse. In a historic breach, Bybit lost $1.46 billion to hackers identified as the Lazarus Group. The crypto community, industry giants and key security figures unite to offer support and security solutions. Lazarus Group Behind Bybit’s Hack On Februa…

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Bybit Loses $1.4bn in Ethereum in Largest Crypto Heist in History

The cryptocurrency industry has been rocked by what is now considered the largest digital asset theft in history, as Bybit, a leading crypto exchange, confirmed on Friday that hackers stole approximately $1.4 billion worth of Ethereum (ETH) from one of its offline wallets. The breach, which was described as a “sophisticated attack”, has sent ripples […] The post Bybit Loses $1.4bn in Ethereum in Largest Crypto Heist in History appeared first on …

streetsofkante.com

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How Hackers Stole Over $1.4 Billion from Bybit Making it the Largest Crypto Heist in History

The Bybit hack is officially the largest crypto heist in history, with over $1.46 billion stolen. This accounts for 16% of all previous crypto hacks combined. The magnitude of this breach is unprecedented, shaking confidence in crypto security. Here’s what happened, what we know so far, and why this event could change everything. The Timeline of the Attack 1. Suspicious Outflows Detected The first red flag appeared when @ZachXBT, a well-known bl…

blockchainreporter

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Bybit Hack Sees $1.4B Lost as Funds Move

In a major security breach, cryptocurrency exchange Bybit has reportedly lost $1.4 billion due to a hacker who continues to move large amounts of Ethereum (ETH) across multiple wallets. On-chain data shows that the attacker is transferring 10,000 ETH per address, raising concerns within the crypto community. Despite the magnitude of the loss, which represents 8.64% of Bybit’s $16.2 billion reserves, the exchange maintains sufficient liquidity to…