The Bybit hack ranks among the largest in crypto history, surpassing previous major heists such as Coincheck (2018), Mt. Gox (2014), and FTX (2022), while Chainalysis data shows that overall crypto theft peaked at $3.7 billion in 2022

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The Bybit hack is one of the largest — if not the largest — hack of a centralized exchange

The three previous largest hacks on record include Coincheck's 2018 hack where $534 million was lost, Mt. Gox's 2014 hack with $470 million stolen and FTX's 2022 hack that saw $415 million drained while the exchange was entering bankruptcy proceedings

Chainalysis reported that $3.7 billion was stolen across all crypto protocol and exchange attacks in 2022, the largest year for crypto theft ever. This dropped to $1.7 billion in 2023 and $2.2 billion in 2024

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