Record-Breaking $1.5 Billion Crypto Heist Rocks Bybit Exchange
Summary
In a shocking blow to the crypto world, hackers pulled off the largest digital heist ever, siphoning a staggering $1.5 billion worth of cryptocurrencies from Bybit exchange's ultra-secure cold wallet, swiftly dispersing the stolen funds across numerous wallets and platforms.
Key Points
- Hackers stole $1.5 billion in digital assets from crypto exchange Bybit, the largest crypto heist ever
- The attack compromised Bybit's cold wallet, an offline storage system designed for security
- The stolen funds, primarily in ether, were quickly transferred across multiple wallets and liquidated through various platforms