Bybit Hack Largest Crypto Heist History Analysis

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JC

Jerome Cody

·2 years ago
shared a link post in group #Crypto
The Bybit hack is officially the largest crypto heist in HISTORY. $1.5B+ stolen and still counting. That's 16% of ALL previous crypto hacks COMBINED. https://www.coindesk.com/..
Bybit Sees Over $4 Billion ‘Bank Run’ After Crypto’s Biggest Hack
www.coindesk.com

Bybit Sees Over $4 Billion ‘Bank Run’ After Crypto’s Biggest Hack

The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to access frozen funds.

 
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Cyril

After the bybit hack... the only TRUE WAY to make sure your Safe transactions are 100% safe is to calculate the hash manually, OFFLINE! am i the only one doing this? 😁

 

Nate

Crypto hit by major hacks in Q1: According to web3 platform Immunefi, the crypto industry as a whole lost $1.64 billion due to hacks and security breaches in Q1, setting a new all-time record. It’s a bit of a misleading number, though, as $1.46 billion of those losses come from the February Bybit heist alone. In all, North Korea’s notorious Lazarus Group are believed to be responsible for a whopping 94% of the total losses. theblock.co/post/348440/c..
Crypto industry set for worst quarter for hacks in history with $1.6 billion in losses: Immunefi

www.theblock.co

Crypto industry set for worst quarter for hacks in history with $1.6 billion in losses: Immunefi

BNB Chain surpassed Ethereum to become the most targeted network in Q1, accounting for 19 individual attacks.

 
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Cyril

At this very moment, the crooks behind the largest-ever crypto heist are quite actively laundering their ill-gotten gains.  bloomberg.com/news/articl..
Hackers Behind $300 Million Crypto Theft Now Laundering Loot

www.bloomberg.com

Hackers Behind $300 Million Crypto Theft Now Laundering Loot

The hackers behind the largest crypto theft of the year are racing to launder their loot, even as parts of the industry scramble to block them.

 
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Bobby

Binance is now the proud title holder for largest #Crypto hack in crypto history and could impact other crypto companies. For example, Ethena, which has issued $5 billion of USDe digital dollars, said it has total unrealized exposure to Binance of $8.8 million. Bitcoin, Ether, and Solana token prices fell after reports of the hack emerged.Tether has frozen more than $1.57 billion of USDT stablecoins related to the potential Binance hack, Tether CEO Paolo Ardoino said on X, while Circle has frozen more than $800 million of USDC stablecoins associated with the incident “in coordination with law enforcement,” Circle CEO Jeremy Allaire said on X. Changpeng Zhao, a co-founder and former CEO of Binance, said on X that “as a shareholder, I expect all user funds will be fully covered." nytimes.com/2026/10/31/te..
How Binance’s $6.3 Billion Hack Went Down

www.nytimes.com

How Binance’s $6.3 Billion Hack Went Down

A war room. A global conference call. A founder who live-posted about the largest crypto heist in history. Inside a frantic 24 hours at the world’s biggest crypto exchange.

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