Bybit Ethereum hack could be largest crypto theft ever

[Hanno Labuschagne]

Bybit Ethereum hack could be largest crypto theft ever

Bitcoin and Ether prices dipped, while smaller tokens saw worse losses, as traders reacted to an almost $1.5 billion (R27.57 billion) hack of the Bybit exchange that analysts say was the largest crypto theft ever.

Bitcoin reversed an earlier gain of as much as 1.4% on the day to fall 2.1% and trade at about $96,057 at 2:32 p.m. Friday in New York.

[Bloomberg]

 

[saor]

You journos and your stupid crypto correlations. Literally same **** different day.

ETH/USDT

 

[Smiggles]

That's why you stick to Bitcoin. All these shiatcoins suck.

 

[Gordon_R]

Largest hack versus largest ponzi scheme? Do we need a Guiness Book of Records for this topic?

 

[FiestaST]

Largest hack versus largest ponzi scheme? Do we need a Guiness Book of Records for this topic?

I legit think so

 

[NarrowBandFtw]

Bybit Sees Over $4 Billion ‘Bank Run’ After Crypto’s Biggest Hack

The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to access frozen funds.

www.coindesk.com

big oof, wouldn't be surprised if this, global top 5, exchange is not long for this world

how many ByBit employees are dreading going to work tomorrow?

Grok3 reckons ByBit has lost 30% of total assets under management in one weekend btw

 

[Gordon_R]

North Koreans:

North Korean hackers cash out hundreds of millions from $1.5bn ByBit hack

Hackers from the infamous Lazarus Group are in a cat-and-mouse game to launder their stolen funds from the ByBit heist.

www.bbc.com