The Bybit exchange has just experienced the largest hack in history, with losses amounting to 1.4 billion USD. The attack occurred on February 21 and resulted in over 5.5 billion USD being withdrawn from this exchange ¹.
The hackers took approximately 489,395 ETH, worth about 1.3 billion USD, and 15,000 Mantle Restaked ETH (cmETH) from 54 different wallets. The analytics company Elliptic believes that the hacking group Lazarus Group, which is thought to be from North Korea, may be the perpetrators behind this attack ¹.
Bybit is making efforts to recover from the attack and has announced a program to retrieve the stolen funds. The exchange is committed to paying 10% of the recovered asset value to security experts or organizations that assist in recovering this money. If the entire stolen amount is returned, the helpers could receive up to 140 million USD ¹.#eth $ETH
The hackers took approximately 489,395 ETH, worth about 1.3 billion USD, and 15,000 Mantle Restaked ETH (cmETH) from 54 different wallets. The analytics company Elliptic believes that the hacking group Lazarus Group, which is thought to be from North Korea, may be the perpetrators behind this attack ¹.
Bybit is making efforts to recover from the attack and has announced a program to retrieve the stolen funds. The exchange is committed to paying 10% of the recovered asset value to security experts or organizations that assist in recovering this money. If the entire stolen amount is returned, the helpers could receive up to 140 million USD ¹.#eth $ETH