Bybit confirmed a hack with over $1.4 billion in ETH in a single attack

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Description

Bybit, the Singapore-based centralised exchange, confirmed that its ETH cold wallet was hacked, with over $1.4 billion in liquid‑staked ETH-related tokens drained in a single attack.

Event date

Feb 21, 2025 - 8:00am

Quotes that support claims

Bybit, the Singapore-based centralized crypto exchange, has been hacked, according to its CEO Ben Zhou
In one of the largest crypto heists ever, hackers have reportedly made off with more than $1.4 billion in ETH from Bybit’s cold wallet
A hacker took control of an ETH cold wallet on the Bybit exchange on Feb. 21, stealing over $1.4 billion in funds in the process

Related people

Ben Zhou

Related projects

Bybit