Bybit Loses $1.5B in Hack but Can Cover Loss, CEO Confirms
$1.46 billion would equate to the largest cryptocurrency hack of all time in dollar terms, with $470 million being lost in the Mt Gox Hack, $530 million in the 2018 hack of CoinCheck, and $650 million in the Ronin Bridge exploit. BTC and ETH dropped more than 1.5% and 2%, respectively, following the transfers.
“Bybit is Solvent even if this hack loss is not recovered”, reassures CEO Zhou
And, despite the massive loss, the co-founder and CEO of the exchange – Ben Zhou has taken to social media to assure the users of the exchange that all is well. In a post made on X, Zhou said, “Bybit is Solvent even if this hack loss is not recovered,
The Lazarus Group, the primary suspect behind the $1.4 billion Bybit hack, may also be linked to recent Solana memecoin scams, including rug pulls on the Pump.fun platform, according to onchain ...
Crypto investigator ZachXBT linked the $1.44 billion hack of crypto exchange Bybit on Friday to the infamous Lazarus Group, ...
ZachXBT has identified North Korea’s Lazarus Group as the orchestrator behind the massive $1.46 billion hack on Bybit.
On-chain sleuth ZachXBT has submitted to Arkham Intelligence’s bounty request to uncover Bybit’s hacker. ZachXBT claims an ...
Zach XBT Unveils Lazarus Group Involvement in Bybit Hack; Arkham Bounty Program Cryptocurrency expert Zach XBT has recently ...
Mark Cuban dismisses Bybit’s $1.4 billion hack as having "no implications" for crypto but questions whether the exchange has ...
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Why The $1.4B Bybit Hack Is Bullish For DeFi Protocol's Like Remittix With Unique Crypto-To-Fiat PayFi SolutionCrypto markets took a hit after a reported $1.4 billion hack on Bybit, one of the biggest exchanges globally. Over $566 million in liquidations struck in 24 hours, mostly targeting long positions.
Bybit has demonstrated financial resilience despite suffering a massive $1.4 billion hack and witnessing a $5.3 billion drop ...
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