Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist
Publishing timestamp: 2025-02-22 11:32:05
Summary
Bybit, a major cryptocurrency exchange, has been hit by the largest crypto heist in history, with hackers draining approximately $1.5 billion in digital assets from the platform's cold wallet. The stolen funds, primarily in ether, were quickly transferred and liquidated. The attack has been linked to North Korea's Lazarus Group, known for siphoning billions of dollars from the cryptocurrency industry. Bybit's CEO reassured customers and announced a bridge loan to cover any unrecoverable losses. Industry experts warn of the ongoing risk of large-scale thefts in the crypto sector.
Sentiment: NEGATIVE
Tickers: ETH.CM=,
Keywords: ethereum/usd coin metrics, cryptocurrency, bitcoin, fintech, business news, energy, technology,