Bybit’s $1.5 Billion Hack: Human Error, Industry Resilience, and Why Crypto Gets Judged Differently
On February 21, 2025, Bybit, one of the largest crypto exchanges, suffered an attack when hackers exploited a routine transfer from a cold wallet to a warm wallet—a standard process in crypto exchanges to ensure liquidity. The attackers managed to intercept this transfer, diverting approximately 400,000 ETH ($1.5 billion) to unknown addresses.
The Bybit cryptocurrency theft which saw almost $1.5 billion in funds stolen, has now been attributed to the notorious North ...
This guide breaks down the Bybit hack of 2025, what happened, how Bybit responded, and what this means for the crypto market moving forward.
According to Bybit's holdings, that amounts to $1.5 billion in cryptocurrency that was stolen from Bybit and its customers, ...
Troubled crypto exchange Bybit is preparing to receive a full operational license in the UAE after suffering a $1.5 billion ...
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced an exhilarating new event, The ...
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Crypto Market Recap: Bybit Suffers US$1.5 Billion Hack, Saylor's Strategy Buys More BitcoinHere's a quick recap of the crypto landscape for Monday (February 24) as of 9:00 p.m. UTC. Bitcoin and Ethereum price update ...
Bybit's forensic report reveals that a $1.5 billion hack was facilitated by a vulnerability in Safe{Wallet}'s infrastructure.
Cryptocurrencies are incredibly safe data storage systems. They keep a detailed ledger of transactions wide open to the ...
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