$1.5B Hack of Bybit Might Be the Largest Crypto Heist Ever
Following the revelation Friday from cryptocurrency exchange firm Bybit that hackers stole digital tokens worth about $1.5 billion – in what may be the biggest crypto heist of all time – CEO Ben Zhou wrote on X Sunday that it has replenished its reserves. Bybit was able to do this through a mix of emergency loans and large deposits.
Bybit’s $1.5B hack sparks security concerns, fueling discussions on centralized risks and decentralized solutions.
This guide breaks down the Bybit hack of 2025, what happened, how Bybit responded, and what this means for the crypto market moving forward.
Bybit hack, plunging Bitcoin mining stocks and efforts to “kill Tether” headline this week’s Crypto Biz newsletter.
Bybit has already paid more than $4 million to bounty hunters who helped trace and freeze some of the stolen funds.
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