$1.5B Hack of Bybit Might Be the Largest Crypto Heist Ever
Following the revelation Friday from cryptocurrency exchange firm Bybit that hackers stole digital tokens worth about $1.5 billion – in what may be the biggest crypto heist of all time – CEO Ben Zhou wrote on X Sunday that it has replenished its reserves. Bybit was able to do this through a mix of emergency loans and large deposits.
Bybit’s $1.4 billion cybersecurity exploit on Feb. 21 was a setback for institutional adoption of crypto staking.
This guide breaks down the Bybit hack of 2025, what happened, how Bybit responded, and what this means for the crypto market moving forward.
Bybit's forensic report reveals that a $1.5 billion hack was facilitated by a vulnerability in Safe{Wallet}'s infrastructure.
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