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Crypto exchange Bybit’s $1.5 billion breach

Hosted on MSN · 53m

Bybit CEO Confirms Closing ETH Gap, Exchange Back to 100% Reserves After Record $1.5B Hack

Bybit replenished its $1.5 billion deficit within three days following the most significant crypto hack in history. The gap was filled using a combination of

Dubai Crypto Exchange Bybit Hacked For $1.44 Billion ETH By Lazarus Group, But CEO Confirms Losses Will Be Covered With Bridge Loan

Visitors stand in front of works by Bybit on display during the 15th edition of Art Dubai at Madinat Jumeirah in the Gulf emirate of Dubai, on March 10, 2022. (Photo by KARIM SAHI

MarketWatch on MSN · 2d

Crypto exchange Bybit suffers $1.4 billion hack. Here’s why it’s troubling for the industry.

Bybit, one of the world’s largest cryptocurrency exchanges, experienced a hack Friday in which over $1.4 billion worth of crypto was stolen, according to blockchain-analytics firms. It’s the latest incident for an industry struggling with security concerns that present hurdles to mainstream adoption.

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What we know about the $1.5 billion Bybit crypto hack

Ben Zhou, Bybit's CEO, said that the hack had affected around 401,000 Ethereum and sparked a surge in withdrawal requests.

Bybit Acquires 100% Ethereum Lost From the Hack In 48 Hours

Crypto exchange Bybit announced that it has recovered almost 100% of its Ethereum lost through loans and other OTC deals.

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Hackers steal $1.5 billion from Bybit in record-breaking crypto heist: What we know so far

The Bybit crypto heist surpasses a previous record in 2022, when hackers drained $620m (£490m) heist of Ethereum and USD Coin ...

Internet of People3m

Bitcoin Pepe presale emerges as a safe haven amid the Bybit hack market volatility

The Bybit hack sent shockwaves through the crypto world, with hackers siphoning off close to $1.5B ETH from the exchange’s ...

Bybit Hack Proceeds May Now Be Routed Through Mixers: Elliptic

Hackers may launder Bybit’s $1.4B stolen funds through crypto mixers, but the large volume could complicate the process, ...

Hosted on MSN19h

Bybit Hack Largest In Crypto History After $1.5B In ETH Stolen; Can Remittix and Cardano March Catalysts Save The Market?

The Ethereum price is again under pressure after Bybit snatched $1.5 billion in ETH in the largest hack in crypto history.

Cryptopolitan on MSN16h

Lazarus Group launches ‘QinShihuang’ meme coin to launder $26M more from Bybit stash

North Korea’s Lazarus Group dropped a meme coin Sunday morning called QinShihuang on the Pump Fun platform to launder $26 ...

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