Bybit Exchange Hit by Major Cyberattack, Stolen Funds Raise Concerns

Mar 4, 2025, 4:20 p.m. 4 sources
Bybit exchange has suffered a significant cyberattack that resulted in the theft of hundreds of millions of dollars worth of cryptocurrency. Cybercriminals took an estimated 417,348 ETH, with about 77% remaining traceable. Authorities investigate while Bybit works to restore security and customer assets, raising concerns about the exchange's security measures and market fluctuations.
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