Bybit News: $1.4B Stolen, Draining 8.64% of Exchange’s Reserves

The post Bybit News: $1.4B Stolen, Draining 8.64% of Exchange’s Reserves appeared first on Coinpedia Fintech News

Bybit was hacked today for around $1.4 billion in ether (ETH) and staked ether (stETH). Blockchain analyst ZachXBT first flagged the suspicious outflows, confirming the breach through his sources. Bybit’s CEO, Ben Zhou, later confirmed the attack, stating the hacker gained control of one specific cold wallet, transferring all its ETH. The Largest Crypto Hack …