Bybit CEO Ben Zhou LIVE on $1.5B Hack — Full Explanation with Shynuyet!
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Bybit, a major cryptocurrency exchange, has reported a security breach involving one of its Ethereum (ETH) cold wallets. The incident, which occurred on February 21, 2025, resulted in the unauthorized transfer of approximately $1.5 billion worth of ETH and related tokens to an unknown address. The attack was described as sophisticated, involving the manipulation of the signing interface to deceive the wallet’s signers into approving a malicious transaction.