Bybit Loses $1.5B in Hack but Can Cover Loss, CEO Confirms
$1.46 billion would equate to the largest cryptocurrency hack of all time in dollar terms, with $470 million being lost in the Mt Gox Hack, $530 million in the 2018 hack of CoinCheck, and $650 million in the Ronin Bridge exploit. BTC and ETH dropped more than 1.5% and 2%, respectively, following the transfers.
Dubai Crypto Exchange Bybit Hacked For $1.44 Billion ETH By Lazarus Group, But CEO Confirms Losses Will Be Covered With Bridge Loan
Visitors stand in front of works by Bybit on display during the 15th edition of Art Dubai at Madinat Jumeirah in the Gulf emirate of Dubai, on March 10, 2022. (Photo by KARIM SAHI
The Lazarus Group, the primary suspect behind the $1.4 billion Bybit hack, may also be linked to recent Solana memecoin scams ...
Bybit has returned to a 1:1 backing of client assets and has fully closed the “ether gap” it faced after an unprecedented ...
Crypto investigator ZachXBT linked the $1.44 billion hack of crypto exchange Bybit on Friday to the infamous Lazarus Group, ...
Arkham Intelligence announced that onchain security sleuth ZachXBT has identified the Lazarus Group, a North Korean hacker ...
Bybit faces a $1.4B loss in digital assets due to a sophisticated phishing attack, with attackers exploiting a cold wallet ...
Mark Cuban dismisses Bybit’s $1.4 billion hack as having "no implications" for crypto but questions whether the exchange has ...
Bybit hackers are currently engaged in the second stage of laundering, which involves “layering” the stolen funds to conceal ...
What happened to Bybit? Insights into the biggest-ever crypto heist in history which is possibly linked to the Lazarus Group.
Bybit has demonstrated financial resilience despite suffering a massive $1.4 billion hack and witnessing a $5.3 billion drop ...
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