Bybit has confirmed a hack as over $1.4 billion in ETH‑related tokens drained in a major security breach

The Singapore‑based crypto exchange Bybit suffered one of the largest hacks in history, with over $1.4 billion in ETH-related tokens stolen from its cold wallet. CEO Ben Zhou confirmed the breach but assured customers that other wallets remain secure and that all withdrawals continue as normal.

Feb 21, 2025 - 8:40am