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Bybit hacked for almost $1.5 billion in the biggest crypto theft ever
A hacker took control of one of the exchange's offline wallets, transferring it to an unknown party. One expert says it's likely the all-time biggest heist of any kind.
While 20th-century heists involved scoping out a location, recruiting a person on the inside and having a daredevil getaway driver waiting outside, the 21st-century version looks more like what Bybit experienced today. Bybit CEO Ben Zhou posted on X that the hacker took control of one of the exchange's cold (offline) wallets, manipulating a planned transfer and sending it to an unknown party. Rob Behnke, co-founder and executive chairman of blockchain security company Halborn, told Bloomberg the heist was likely the "largest incident ever, not just crypto."
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