Bybit: Largest Crypto Hack
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cold walletCNBC
•Business
Business & Economics
Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist
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77% Informative
Bybit, a major cryptocurrency exchange, has been hit by the largest crypto heist in history.
Hackers drained approximately $1.5 billion in digital assets, far surpasses previous thefts in the sector.
The attack compromised Bybit 's cold wallet, an offline storage system designed for security.
Analysts later linked the attack to North Korea's Lazarus Group , a state-sponsored hacking collective.
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