News Security
February 24, 2025 / February 24, 2025 by Corentin C | Leave a Comment
Bybit, one of the largest cryptocurrency exchanges, has been hacked for $1.46 billion in digital assets, marking the biggest crypto theft in history. The attackers exploited a vulnerability in the exchange’s multisignature wallet, siphoning funds through a masked transaction. Despite the massive loss, Bybit assures users that all funds remain 1:1 backed. Read more about the breach and its implications for the crypto industry.
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