Bybit Exchange Suffers Record $1.5B Ethereum Heist
- Centralized Exchange
Dubai-based centralized exchange Bybit was hacked during a routine transfer between cold and warm wallets. Hackers, widely attributed to North Korea's state-sponsored Lazarus Group, stole approximately $1.4–1.5 billion worth of Ethereum (ETH), specifically around 401,000 ETH.
Incident Details
- Type
- EXCHANGE HACK
- Funds Lost
- $1.5B
- Status
- Ongoing
Bybit quickly reassured users that client funds were safe.