Crypto exchanges at risk: What the industry must learn from the largest Bybit hack

The following is a guest post from Michael Egorov, Founder of Curve Finance. The recent Bybit hack saw a grand total of $1. 5 billion lost in crypto assets and has become the biggest hack in the entire history of this industry.

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‘Largest Exploit Of All Time’: Crypto Market Turns Red As Bybit Exchange Loses $1.5 Billion In Massive Hack

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North Korea’s Lazarus Group Was Behind the Bybit Hack

ZachXBT identified North Korea’s Lazarus Group as the culprits behind the Bybit hack, connecting it to past breaches. While this clears up false accusations, recovering stolen funds remains a long shot.

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North Korean Hackers Were Behind Crypto's Largest 'Theft of All Time'

Lazarus Group was behind Bybit's $1.5 billion hack on Friday, Arkham Intelligence said, citing ZackXBT.

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Ethereum (ETH) Drops 5% After $1.5 Billion Bybit Hack: What’s Next?

The Bybit hack led to $1. 46B in ETH theft, affecting Ethereum's price and technical indicators. Speculation on a buyback could drive market moves. The post Ethereum (ETH) Drops 5% After $1.

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Plunging U.S. Stocks Help Add to Crypto's Bad Day

The week's uptrend was quickly upended by the hack at crypto exchange Bybit.

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Bybit hacker split $1.4b loot into over 40 wallets: Nansen

The scale of the staggering $1.4 billion hack on crypto exchange Bybit will undoubtedly unfold in coming days and weeks. However, as Bybit, industry players such as other exchanges and blockchain sleuths work out on unmasking the hacker, on-chain data…

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ByBit CEO: ‘We can cover 100% of the stolen Ethereum’

Ben Zhou, ByBit CEO, assured the public that user funds were safe and the platform could cover losses from the largest crypto exchange hack in history.

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Bybit Hack Impact: PI Surges, CZ Comments, Safe Denies Breach and More

Bybit’s massive hack is shaking the crypto world, with withdrawal delays, security concerns, and wild speculation about Pi Network’s potential involvement. The post Bybit Hack Impact: PI Surges, CZ Comments, Safe Denies Breach and More appeared first on BeInCrypto.

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Crypto’s largest hack? Bybit breach sees $1.4B in ETH-related tokens stolen

Cryptocurrency exchange Bybit has been hacked for over $1. 4 billion in liquid-staked Ether (stETH), Mantle Staked ETH (mETH), and other ERC-20 tokens. The exploit was identified shortly after it occurred, with onchain security analyst ZachXBT urging users to blacklist the associated hacker addresses.

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CZ Suggests Bybit Halt Withdrawals, Offers Help With $1.5B Hack

Bybit CEO has said that the exchange is solvent and withdrawals remain open.

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Safe wallet pauses certain functionalities after Bybit hack

Ethereum multisig wallet Safe has announced it is temporarily halting certain functionalities as the post-mortem of the $1.4 billion Bybit hack on Feb. 21 begins. Safe said in an update that the wallet’s security team had not found any evidence…

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Bybit suffers $1.4 billion hack, ETH drained from exchange wallet

Bybit exploited for $1. 4 billion worth of ETH, CEO confirms. Despite the massive loss, Bybit remains solvent and can cover the losses, Ben Zhou said in a post on X. Bybit has suffered a major exploit, with a hacker stealing more than $1.

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Bybit hit with $1.4 billion hack targeting its Ethereum cold wallet

The hack underscores the urgent need for enhanced security measures in crypto exchanges to protect against increasingly sophisticated cyber threats. The post Bybit hit with $1.4 billion hack targeting its Ethereum cold wallet appeared first on Crypto Briefing.

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Bitcoin, Ether Slump as Crypto Prices Dip on Report of Massive $1.5B Bybit Hack

The move happened as crypto exchange Bybit saw a sudden $1.5 billion worth of ETH outflow.

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Breaking: Bybit Suffers Massive $1.4 Billion Hack

The exchange continues to process withdrawals despite the hack

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Bybit Loses $1.5B in Hack but Can Cover Loss, CEO Confirms

A portion of staked ether is currently being liquidated on decentralized exchanges.

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BitMEX Loses its Dominant Position; Competition Among Binance, ByBit, & Others Heating Up

Since starting the month, the price of bitcoin has weathered numerous storms. From KuCoin’s $281 million hack, US President Donald Trump testing coronavirus positive, UK’s FCA banning crypto derivatives to FATF red-flagging hardware wallets, Europol prioritizing privacy wallets, and of course, BitMEX’ indictment, BTC held through it all.

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