Bybit saw $5.5 billion in outflows following crypto’s biggest hack
Cryptocurrency exchange Bybit has experienced total outflows exceeding $5.5 billion after suffering a $1.4 billion security breach, reportedly carried out by hackers linked to North Korea’s Lazarus Group. The attackers targeted the exchange’s ether cold wallet, prompting Bybit to secure emergency funding to maintain withdrawal operations.
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Ben Zhou, CEO: Bybit is solvent, will cover all claims despite a growing withdrawal queueBybit will repay all users, though some of the lost Ethereum (ETH) may be secured via a bridge loan for short-term claims.
The exchange reportedly replenished the Ethereum deficit through a combination of loans, whale deposits, and direct purchases ...
Bybit launches a $140M bounty program, rewarding ethical hackers for recovering stolen crypto. The initiative strengthens ...
As Pi lost much of its value one day after it achieved open network status, Ben Zhou, CEO of crypto exchange Bybit, again posted a warning about the cryptocurrency.
Bybit has officially sealed the $1.5 billion Ethereum gap left by one of the largest crypto heists in history.
Infini, a stablecoin neobank, reportedly suffered an exploit that resulted in a loss of $49.5 million. According to ...
Cryptocurrency company Bybit is at the centre of potentially the worst digital heist ever reported, with more than $1.5bn ...
Bybit was exploited for over $1.4 billion Friday, rocking the crypto industry to the core, as it easily became the largest ...
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