Crypto exchange Bybit revealed on Friday that it fell victim to a “sophisticated attack,” resulting in the theft of Ethereum (ETH) valued at $1.4 billion from one of its offline wallets.
The breach, described as the largest crypto heist in history, has sent shockwaves through the digital asset industry.
In a livestream announcement, Bybit’s CEO and co-founder, Ben Zhou, disclosed that hackers stole approximately 401,346 ETH, valued at around $1.4 billion at the time of the theft.