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Bybit Sees Over $4 Billion 'Bank Run'

Business Insider · 5h

What we know about the $1.5 billion Bybit crypto hack

Ben Zhou, Bybit's CEO, said that the hack had affected around 401,000 Ethereum and sparked a surge in withdrawal requests.

MarketWatch on MSN · 1d

Crypto exchange Bybit suffers $1.4 billion hack. Here’s why it’s troubling for the industry.

Bybit, one of the world’s largest cryptocurrency exchanges, experienced a hack Friday in which over $1.4 billion worth of crypto was stolen, according to blockchain-analytics firms. It’s the latest incident for an industry struggling with security concerns that present hurdles to mainstream adoption.

CoinDesk · 19h

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.

Cryptopolitan on MSN2h

Bybit restores nearly half of Ether reserves following $295M OTC purchase

Cryptocurrency firm Bybit has restored nearly half of its Ether (ETH) reserves after a massive crypto hack that rattled the ...

Daily Wrap on MSN1h

North Korea-linked heist hits Bybit: £1.24bn stolen in attack

The cryptocurrency exchange Bybit has fallen victim to an attack resulting in the theft of digital assets valued at ...

1d

Bybit Hack, Crypto’s Biggest Ever, Spoils Coinbase’s SEC Victory Party

The crypto industry started its Friday in a jubilant mood, with Coinbase Global Inc.’s announcement that US securities ...

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