December 12, 2025

Athens News

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The largest hacking in the history of cryptocurrencies: almost $ 1.5 billion dollars is stolen from the BYBIT exchange


BYBIT cryptocurrency exchange has become the victim of the greatest hacking in the history of the crypto industry: almost $ 1.5 billion in cryptocurrencies was stolen.

Analysts suspect Lazarus, a well -known North Korean hacker group, Writes Bloomberg. Ben Zhou, BYBIT CEO, said that the hackers managed to access the Ethereum Exchange offline. According to the analyst Zachxbt, About $ 1.46 billion during suspicious transactions were bred from the wallet.

The research company Arkham Intelligence confirmed the outflow of funds worth about $ 1.4 billion, noting that Stolen assets have already begun to transfer to new wallets and sell. Elliptic, the Blockchain analytics company, recognized this hack for the largest cryptocurrency in the history of the surpassed hacking of Poly Network in 2021, when $ 611 million was stolen. Rob Benke, co -founder and head of the Halborn cybersecurity company said:

“This is probably the largest financial incident in history, not only in the crypto industry.”

To reassure customers, Zhou conducted a live broadcast on X, assuring users that their Safety funds, and their removal remains affordable. Bybit has already provided about 80% of the necessary losses for covering losses, thanks to loans from partners. The exchange is working on the return of stolen assets and plans to take legal measures against hackers. Zhou emphasized:

“Your funds are safe and withdrawn by funds are still open.”

According to him, the exchange has already worked for more than 70% of applications for withdrawing funds after the incident. Zhou also noted that Bybit has not yet buys Ethereum to cover lost assets.

The BYBIT founded in 2018 became one of the largest crypto -streaks in the world with a daily trading volume of more than $ 36 billion. By the time of hacking, the exchange had about $ 16.2 billion in assets, which means that hackers stole about 9% of the total.

According to Nansen, among the stolen assets there were about $ 1.12 billion in Ethereum, as well as derivatives of tokens such as Steth. Hackers first transferred assets to one wallet, and then distributed them more than 40 other wallets. Subsequently, the attackers converted all the derivatives of the tokens in Ethereum and transferred the assets according to the tranches of $ 27 million to additional wallets.

Arkham Intelligence and Zachxbt said that the North Korean hacker group Lazarus, known for its previous hals, is behind the attack, in particular Wazirx and Radiant Capital. Fireblocks Vice President Shahar Madar, helping Bybit with an investigation, noted:

“These are very experienced hackers, which indicates a high level of organization.”

After the news about the hacking, the Ethereum course fell by almost 8%, and Bitcoin lost about 5%. The Ethena Labs USDE token temporarily lost its binding to the US dollar, falling to $ 0.98 before stabilized.



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