Bybit suffered a $1.4 billion security breach in February 2025, which resulted in the theft of $1.4 billion in crypto

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North Korean hacking group Lazarus targeted Bybit in late February by injecting malicious code into SafeWallet, a third-party wallet platform used by the exchange, to steal billions in customer assets.

Bybit experienced a major hack in February 2025, resulting in the theft of 499,000 ETH worth approximately $1.4 billion. As of March 4, Bybit CEO Ben Zhou confirmed that 77% of the stolen assets, equivalent to $1.07 billion, remain trackable, while 20% ($280 million) has been successfully laundered and is untraceable.