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.
Investigation revealed that BingX, & Phemex hacks were also connected to the same cluster as Bybit's, confirming the threat ...
Overall, the crypto community is reassured by Bybit’s ability to manage over $6 billion in withdrawals following the hack.
North Korean hackers have begun laundering $140 million of the $1.46 billion stolen from Bybit through anonymous exchanges ...
Recently, the theft of $1.5 billion from Bybit exchange has reignited security concerns among Web3 industry investors. ...
It’s the same type of attack that was used in the Radiant Capital breach and the WazirX incident,” one expert says.
The exchange reportedly replenished the Ethereum deficit through a combination of loans, whale deposits, and direct purchases ...
Infini, a stablecoin neobank, reportedly suffered an exploit that resulted in a loss of $49.5 million. According to ...
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Bybit has launched a blacklisted wallet API to aid in the recovery of funds stolen in a $1.4 billion hack linked to the ...
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