Bybit saw $5.5 billion in outflows following crypto’s biggest hack
Cryptocurrency exchange Bybit has experienced total outflows exceeding $5.5 billion after suffering a $1.4 billion security breach, reportedly carried out by hackers linked to North Korea’s Lazarus Group. The attackers targeted the exchange’s ether cold wallet, prompting Bybit to secure emergency funding to maintain withdrawal operations.
Bybit closes its ETH gap after a $1.4B hack, with a new Proof of Reserves report confirming full asset coverage.
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Crypto Payment Firms and OTC Desks Brace for Fallout as Stolen Bybit Funds Move Through the MarketCrypto payment firms and over-the-counter (OTC) desks are bracing for a sweeping freeze of stolen Bybit funds as the ...
Bybit has returned to a 1:1 backing of client assets and has fully closed the “ether gap” it faced after an unprecedented ...
Overall, the crypto community is reassured by Bybit’s ability to manage over $6 billion in withdrawals following the hack.
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Bybit CEO Confirms Closing ETH Gap, Exchange Back to 100% Reserves After Record $1.5B HackBybit replenished its $1.5 billion deficit within three days following the most significant crypto hack in history. The gap ...
ByBit has recovered $1.5 billion in Ethereum (ETH) following a significant security breach. Hackers conducted unauthorized ...
Investigation revealed that BingX, & Phemex hacks were also connected to the same cluster as Bybit's, confirming the threat ...
The exchange reportedly replenished the Ethereum deficit through a combination of loans, whale deposits, and direct purchases ...
Bybit was exploited for over $1.4 billion Friday, rocking the crypto industry to the core, as it easily became the largest ...
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