Ben Zhou, Bybit's CEO, said that the hack had affected around 401,000 Ethereum and sparked a surge in withdrawal requests.

Bybit will repay all users, though some of the lost Ethereum (ETH) may be secured via a bridge loan for short-term claims.

In the aftermath of a $1.4 billion Ethereum (CRYPTO: ETH) heist, cryptocurrency exchange Bybit has launched a recovery bounty ...

Bybit’s CEO characterized the attack as “part of a rising trend of sophisticated crypto hacks in early 2025, including the ...

Bybit CEO Ben Zhou confirmed the incident, stating that the exchange’s ETH cold wallet was compromised due to a sophisticated ...

Plus: Apple turns off end-to-end encrypted iCloud backups in the UK after pressure to install a backdoor, and two spyware ...

Bybit's reserves still exceed user assets despite a more than $5 billion decrease in total assets following the $1.4 billion ...

Bybit experienced a significant security breach, marking one of the largest hacks in cryptocurrency history. Hackers ...

Over 400,000 ETH and stETH worth more than $1.5 billion were stolen from the Bybit cryptocurrency exchange. Cryptocurrency ...

The world's second-largest crypto exchange Bybit suffered an exploit Friday that saw it drained of about $1.4 billion worth ...

The Lazarus Group has been implicated in several high-profile cryptocurrency thefts in recent years, including the $600 ...