Tag Archives: ByBit exchange

Bybit Theft Update: CEO Confirms Significant Portion Of Stolen $1.4 Billion Is Now Untraceable

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In a staggering breach that rocked the crypto world, crypto exchange Bybit has reported significant developments following a major hack attributed to alleged North Korean hackers.  The incident, part of a record-breaking $1.5 billion crypto heist, has seen hackers convert at least $300 million into unrecoverable funds. CEO Ben Zhou provided a detailed update on… Continue reading Bybit Theft Update: CEO Confirms Significant Portion Of Stolen $1.4 Billion Is Now Untraceable→

North Korean Lazarus Group Identified As Culprit In Bybit’s Historic $1.5 Billion Hack

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In a significant blow to the cryptocurrency industry, Bybit, one of the leading crypto exchanges, has confirmed a major security breach involving its Ethereum cold wallet.  The incident, reported on Friday by Bitcoinist, marks one of the largest cryptocurrency hacks in history, with losses estimated at over $1.5 billion. Bybit Hack Linked To North Korea’s… Continue reading North Korean Lazarus Group Identified As Culprit In Bybit’s Historic $1.5 Billion Hack→