top of page
The cryptocurrency exchange Bybit (Dubai based) was hacked for more than $1.4 billion worth of Ethereum in what cybersecurity experts are calling the largest-ever theft targeting a cryptocurrency platform.
In a livestream to address the incident on Friday, Bybit CEO Ben Zhou confirmed that 401,000 ETH coins had been stolen. He assured customers that other wallets had not been impacted and said the exchange had enough liquidity to honor withdrawals and to survive the incident. The DeFi platforms Ronin Network and Poly Network each lost more than $600 million in hacks.
bottom of page