The Wall Street Journal: The Bybit incident is the largest theft in the history of cryptocurrency

2025-02-22 12:07:01

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ChainCatcher news, according to The Wall Street Journal, the Bybit theft incident is the largest single theft in cryptocurrency history, with stolen assets valued at over $1.4 billion.

After the incident, Bybit announced that it has reported the case to the relevant authorities. Its CEO Ben Zhou stated that all functions and products of Bybit are still operating normally, the exchange is solvent, and it will fully cover customer losses. As of now, all withdrawal requests from Bybit have been processed, and the withdrawal system has returned to normal speed.

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CertiK Bybit hacking incident

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Bybit theft incident tracking

On the evening of February 21, 2025, Bybit suffered a hacker attack, with over $1.4 billion worth of cryptocurrency assets stolen. How will the incident unfold, and what subsequent impacts will it bring?

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