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Cryptocurrency exchange says it was victim of $1.5 billion hack

A major cryptocurrency exchange says it was the victim of a sophisticated hack that stole about $1.5 billion worth of digital currency, marking one of the biggest online thefts of all time



Hackers stole $1.5 billion from the cryptocurrency exchange Bybit, marking one of the largest thefts in history. Bybit assured customers that their funds were safe and noted delays in processing withdrawals due to increased demand. CEO Ben Zhou stated the company remains solvent regardless of recovery. The hackers exploited security features to transfer the stolen funds to an unidentified address. This incident highlights the risks in the crypto sector, where state-linked hackers, such as North Korean groups, have been involved in significant thefts, including a $308 million heist in Japan.

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