Bybit Responds to $1.4 Billion Hack with Swift Measures
- Bybit experienced a security breach on February 21, 2025.
- The hack resulted in the theft of $1.4 billion in digital assets.
- Cybercriminals targeted Bybit’s ethereum wallets.
- Bybit claims to have strong reserves despite the breach.
On February 21, 2025, Bybit faced a significant security breach with $1.4 billion stolen from its ethereum wallets. Despite this, the exchange maintains it has strong reserves and managed swift withdrawals for affected users.
Source (2.6)https://news.bitcoin.com/crisis-management-in-1-4-billion-hack-sets-new-industry-standard-bybit-officials-say/?rand=52384
