Bybit, a major cryptocurrency exchange, reported a significant hack where approximately $1.5 billion in Ethereum was stolen during a routine wallet transfer. The attacker allegedly manipulated the transaction, redirecting funds to an unidentified address. In response to this breach, Bybit reassured its customers about the safety of their funds, though many are requesting withdrawals amid the incident. CEO Ben Zhou conveyed confidence in the company’s financial stability, asserting they would remain solvent even if they could not recover the stolen funds, highlighting challenges posed by hackers in the cryptocurrency space, notably linking thefts to North Korean actors.
A major cryptocurrency exchange, Bybit, reported a sophisticated hack, losing about $1.5 billion in digital currency, one of the largest online thefts in history.
Bybit assured customers that their holdings are safe despite the hack leading to a surge in withdrawal requests and potential processing delays.
CEO Ben Zhou emphasized Bybit's ability to remain solvent post-hack, stating, 'We can cover the loss,' furthering customer confidence in the company's stability.
The incident highlights the ongoing risks associated with cryptocurrency theft, with North Korean hackers identified as significant actors in recent high-dollar cybercrimes.
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