Bybit Faces $1.5B Hack, Loses $5.2B, But Wins Praise for Crisis Response
Bybit lost $5.2B after a $1.5B hack but secured $172.5M fast, kept withdrawals open, and won industry praise for its swift and transparent response.
Bybit News
Bitcoin, markets and the ideas moving crypto.
Bybit stories
8 stories · 21 Jan 2025 – 20 Mar 2025
Bybit Offers $140M Bounty to Recover $1.4B in Stolen Crypto
Bybit launches a $140M bounty to recover $1.4B in stolen crypto, rewarding ethical hackers with up to 10% of retrieved funds.
Bitcoin Struggles After Bybit Hack, But Signs of Rebound Appear
Bitcoin (BTC) faces selling pressure after the Bybit hack, but indicators suggest a possible rebound if it breaks key resistance levels soon.
Bybit Hackers Close to Laundering Stolen Funds, Criticism Mounts Over Delayed Response
Bybit hackers are near completing the laundering of $1.5 billion in stolen ETH, with criticism aimed at Circle for delaying action on freezing the assets.
Lazarus Group Launders $1.5B From Bybit via THORChain, Sparking Debate
Lazarus Group has successfully laundered $1.5B in stolen Bybit funds using THORChain, causing controversy over the platform's role in the process.
OKX Slams Bybit’s Claims, Denies EU Scrutiny Over Hack
OKX rejects Bybit’s claims and denies EU scrutiny over its role in the hack, calling Bloomberg’s report misleading and defending its Web3 services.
Bybit CEO: Crypto Liquidations May Be Far Worse Than Reported
Bybit CEO Ben Zhou warns crypto liquidations may have hit $10 billion after US tariffs, far exceeding reported figures due to hidden exchange data.
Bybit Launches Copy Trading for Gold and Forex Markets
Bybit becomes the first crypto exchange to offer Copy Trading for Gold and Forex, letting users replicate expert strategies via USDT collateral on MT5.
