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Tag: Bybit

Crypto

Bybit restores reserves after $1.5bn cyberattack

Bybit, a Dubai-based cryptocurrency exchange, reportedly replenished its reserves after suffering a $1.5 billion hack last week, marking the largest cyberattack in the history of the crypto industry. Bybit secured emergency loans and large deposits to restore its reserves within 72 hours, keeping withdrawals open. However, the recovery didn’t cover the stolen crypto, leaving the […]

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Hackers steal $1.5b from Bybit in largest crypto heist ever

Bybit, a major cryptocurrency exchange, has suffered a massive security breach, resulting in the theft of approximately $1.5 billion in digital assets, primarily Ethereum. The attack, considered the largest crypto heist in history, targeted Bybit’s cold wallet, an offline storage system meant for security. The hackers swiftly transferred the stolen funds across multiple wallets and […]