A major cryptocurrency exchange, Bybit, reported being the victim of a sophisticated hack that resulted in the theft of approximately $1.5 billion worth of digital currency, marking one of the largest online thefts ever. The incident occurred during a routine transfer of Ethereum, a popular cryptocurrency, between digital wallets, which was manipulated by an attacker who transferred the funds to an unknown address.
Bybit reassured its customers that their cryptocurrency holdings with the exchange remain secure. However, the news of the hack led to a surge in withdrawal requests, causing potential delays in processing them. Ben Zhou, Bybit’s CEO, stated on social media that the company would remain solvent even if the stolen cryptocurrency is not recovered. “We can cover the loss,” he affirmed.
— news from The Associated Press