🚨 One of the most severe and strongest hacks in the history of crypto platforms—most people forgot this 🚨
In February 2025, @Bybit_official suffered the largest trading platform hack, where about 1.46B$ billion dollars were stolen from a single cold Ethereum wallet by the Korean group Lazarus Group.
What’s even stranger is that it wasn’t just the hack volume—after just a few hours, the platform was still operating normally, withdrawals continued as usual, and more than 350,000 withdrawal requests were processed. Then Bybit announced that operations returned to normal within less than 12 hours.
After that, the platform began covering the shortage in reserves through Bridge Loans, deposits from major investors, and OTC operations, and it fully closed the ETH gap in about ~72 hours.
Even an independent Proof of Reserves report confirmed that customer assets became backed 1:1, with coverage of some key assets even exceeding 100%.
The shock was absorbed, and the platform continued running normally and very professionally despite the terrifying breach.
Is the platform you trade on able to absorb the event without going bankrupt or collapsing?
In February 2025, @Bybit_official suffered the largest trading platform hack, where about 1.46B$ billion dollars were stolen from a single cold Ethereum wallet by the Korean group Lazarus Group.
What’s even stranger is that it wasn’t just the hack volume—after just a few hours, the platform was still operating normally, withdrawals continued as usual, and more than 350,000 withdrawal requests were processed. Then Bybit announced that operations returned to normal within less than 12 hours.
After that, the platform began covering the shortage in reserves through Bridge Loans, deposits from major investors, and OTC operations, and it fully closed the ETH gap in about ~72 hours.
Even an independent Proof of Reserves report confirmed that customer assets became backed 1:1, with coverage of some key assets even exceeding 100%.
The shock was absorbed, and the platform continued running normally and very professionally despite the terrifying breach.
Is the platform you trade on able to absorb the event without going bankrupt or collapsing?
