Biggest crypto heist ever: Hackers steal US$1.5b from Bybit

Bybit News

Biggest crypto heist ever: Hackers steal US$1.5b from Bybit
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NEW YORK, Feb 22 — Dubai-based cryptocurrency exchange Bybit reported yesterday that hackers stole US$1.5 billion (RM6.63 billion) worth of digital assets in what marks the...

The company said attackers exploited security protocols during a transaction to transfer assets to an unknown address, compromising an offline Ethereum wallet and stealing 400,000 ETH on Friday morning. ― Reuters picNEW YORK, Feb 22 — Dubai-based cryptocurrency exchange Bybit reported yesterday that hackers stole US$1.5 billion worth of digital assets in what marks the largest crypto theft in industry history.

The company added on X: “We’ve launched a refund programme for users affected by today’s hack. Bybit is committed to protecting our community, and we will fully reimburse all impacted users.” This compromised an offline “wallet” that stored Ethereum, and the hackers stole 400,000 ETH on Friday morning.

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