Bybit’s US$1.5 billion loss in largest crypto hack ever stokes bitcoin, ether sell-off
After exchange operator loses ether from a cold wallet in a North Korea-linked attack, bitcoin and ether fall as industry enthusiasm wanes.
Bybit Closes $1.5 Billion Gap After Major Crypto Hack
Bybit CEO Ben Zhou announced that the exchange has fully recovered its Ethereum (ETH) reserves following a massive $1.5 billion exploit on February 21. He confirmed that a new audited Proof of Reserves (POR) report will soon be released to prove that client assets are once again backed 1:1.
How hackers stole $1.5 billion in crypto from Bybit's cold wallet
Lazarus Group, hackers based in North Korea, tricked Bybit CEO Ben Zhou into approving a transfer of 400,000 ethereum tokens from his company's cold wallet.
$1.5B Hack of Bybit Might Be the Largest Crypto Heist Ever
Following the revelation Friday from cryptocurrency exchange firm Bybit that hackers stole digital tokens worth about $1.5 billion – in what may be the biggest crypto heist of all time – CEO Ben Zhou wrote on X Sunday that it has replenished its reserves. Bybit was able to do this through a mix of emergency loans and large deposits.
Factbox-Crypto's biggest hacks and heists after $1.5 billion theft from Bybit
Cryptocurrency exchange Bybit said last week hackers had stolen digital tokens worth around $1.5 billion, in what researchers called the biggest crypto heist of all time. Bybit CEO Ben Zhou said the crypto was taken from a "cold wallet" - a digital wallet usually stored offline and so supposedly more secure - that was used for ether tokens.
Bybit Replenishes $1.4 Billion after Largest Crypto Hack
Bybit has officially filled the $1.4 billion hole left by one of the biggest crypto hacks in history. CEO Ben Zhou announced that the exchange
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Bybit Declares ‘War on Lazarus’ as it Crowdsources Effort to Freeze Stolen Funds
Hacked cryptocurrency exchange Bybit has declared a “war against Lazarus” and launched a new website tracking the group’s ...
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Crypto Exchange Bybit Fully Closes Ethereum Gap, According to Updated Proof of Reserves Report
Bybit's chief executive says the firm has now fully closed the Ethereum gap after hackers stole nearly $1.5 billion worth of ...
Crypto’s Grown-Up Response To North Korea’s Historic $1.4B Robbery
Industry Leaders Applaud Bybit’s Crisis Response. Despite the catastrophic loss, Bybit’s handling of the crisis has been ...
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Ben Zhou, CEO: Bybit is solvent, will cover all claims despite a growing withdrawal queue
Bybit will repay all users, though some of the lost Ethereum (ETH) may be secured via a bridge loan for short-term claims.
Bybit CEO declares ‘war against Lazarus’ after $1.4B hack
A Bybit program showed users could receive a 10% bounty for tracing funds associated with a Feb. 21 hack, potentially netting ...
The biggest crypto heist ever: $1.5 billion stolen from Bybit cryptocurrency exchange
According to Bybit's holdings, that amounts to $1.5 billion in cryptocurrency that was stolen from Bybit and its customers, ...
Bybit CEO Weighs Ethereum Rollback while Lazarus Moves Stolen Crypto
Bybit CEO Ben Zhou is considering all possible options to recover the $1.4 billion stolen in the largest crypto hack in ...
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ByBit CRO suggests ETH rollback vote for $1.5B hack recovery
Ben Zhou, the CEO of the recently hacked crypto exchange Bybit, suggested a possible Ethereum (ETH) rollback as a way to ...