
Massive $1.5 Billion Hack on Bybit Sends Shockwaves Through the Cryptocurrency Industry
In a stunning turn of events, Bybit, a prominent cryptocurrency exchange, has fallen victim to a monumental hack estimated to have siphoned off approximately $1.5 billion in digital assets. This incident, attributed to the notorious North Korean hacking group known as Lazarus, has left the crypto world reeling and raised significant safety concerns among investors and market participants.
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Massive Bybit Hack Unveils Crypto's Biggest Spoils, Coinbase Celebrates SEC Victory
In an unprecedented turn of events that has left the cryptocurrency community reeling, the recent hack at Bybit, a leading cryptocurrency exchange, has resulted in staggering losses estimated to be in the billions. This incident marks what many are calling the largest hack in the history of the crypto space, raising concerns around security protocols in trading platforms.
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Major Setback for Cryptocurrency Market as $1.5 Billion Is Stolen from Bybit Exchange
The cryptocurrency landscape was rocked on February 21, 2025, when a staggering $1.5 billion was reportedly stolen from the Bybit exchange, one of the largest digital asset exchanges in the world. This incident has raised significant concerns regarding the security protocols governing crypto exchanges and has triggered a notable dip in market prices across the board.
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