February 21 was a dark day for the crypto market as it suffered the largest heist in its history. Attackers made off with around $1.5 billion from Bybit, the world’s second-largest crypto exchange, with experts citing it as the biggest theft – of anything – of all time. Although neither this loss nor the withdrawal of a further $5 billion by panicked investors were fatal for … [Read more...] about How to store cryptocurrency after the Bybit hack
Bybit
Bybit Confirms Record-Breaking $1.46 Billion Crypto Heist in Sophisticated Cold Wallet Attack
Feb 22, 2025Ravie LakshmananFinancial Crime / Cryptocurrency Cryptocurrency exchange Bybit on Friday revealed that a "sophisticated" attack led to the theft of over $1.46 billion worth of cryptocurrency from one of its Ethereum cold (offline) wallets, making it the largest ever single crypto heist in history. "The incident occurred when our ETH multisig cold wallet executed a … [Read more...] about Bybit Confirms Record-Breaking $1.46 Billion Crypto Heist in Sophisticated Cold Wallet Attack