Tag: $1.1 billion hack

March 10, 2025
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Cryptocurrency

Bybit Cryptocurrency Exchange Faces Massive $1.1 Billion Hack

Bybit faced a massive security breach when $1.1 billion in ETH was stolen from a compromised cold wallet. The hack exploited vulnerabilities during a transfer using Safe.global's multi-signature technology. Though it's a huge loss, Bybit assures customers their funds are protected. An investigation into potential phishing attacks and technical flaws continues.