Bybit, one of the largest cryptocurrency exchanges, was hacked and lost $1.5 billion in digital assets, in what is being described as the largest cryptocurrency theft in history, according to a report by CNBC. The attack targeted the company’s cold wallet, an offline wallet used to securely store cryptocurrencies. The stolen funds, mostly Ethereum, were transferred across multiple wallets, and then sold and exchanged across different exchanges.
#USCryptoReserve #bitcoin