Hackers stole $1.5 billion worth of Ethereum from Dubai-based crypto exchange Bybit in what is believed to be the largest digital heist to date. The breach occurred during a routine transfer from a cold wallet,

The cryptocurrency exchange Bybit has fallen victim to an attack resulting in the theft of digital assets valued at $1.5 billion. Experts estimate this to be the largest theft in the history of this sector.

Dubai-based exchange Bybit has fallen victim to a monumental security breach, resulting in the theft of approximately $1.5 billion worth of digital as

After FTX collapsed, Bybit CEO Ben Zhou told Bloomberg, “...we saw the opportunity.” Someone else saw an opportunity also, transferring nearly $1.5 billion in crypto out of a cold wallet. According to crypto researcher ZachXBT,

Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what’s estimated to be the largest crypto heist in history.

Bybit is a well-known cryptocurrency exchange with more than 60 million users. It’s regularly ranked among the top five cryptocurrency exchanges online by volume. The hack was disclosed on Feb. 21. The company said an attacker gained control of an Ethereum wallet and transferred the holdings in the wallet to an unknown address.

The cryptocurrency exchange Bybit has fallen victim to an attack resulting in the theft of digital assets valued at approximately £1.24 billion. Experts believe this to be the largest theft in the sector's history.

Bybit, one of the world’s largest cryptocurrency exchanges, has fallen victim to a $1.46 billion hack—the largest in cryptocurrency history. North Korea’s state-backed Lazarus Group is suspected to be behind the attack.