Bybit $1.5B Hack Explained: How Hackers Accessed Cold Wallets, Is Ethereum Compromised?
In the largest cryptocurrency heist to date, Seychelles-based exchange Bybit lost approximately $1.5 billion in Ethereum (ETH) on February 21, 2025, due to a sophisticated hack by North Korean-linked hackers. The breach, confirmed by Bybit’s CEO Ben Zhou, marks a significant escalation in cybercrime