š¢ Hot Recap: Bybit Faces Major Shock After Historic Hack
š„ Biggest crypto hack ever: Bybit was attacked, losing $1.5 billion, mostly in Ethereum.
š„ How it happened: Hackers exploited a vulnerability in wallet-to-wallet transfers.
ā” Severe consequences: Panic withdrawals surged to $5.5 billion, triggering a "bank run."
šŖ Bybitās response: The exchange had to borrow funds and collaborate with experts to track and recover stolen assets.
šÆ Prime suspect: Lazarus Group (linked to North Korea) is suspected of being behind the attack.
š Whatās next for Bybit? Can they recover from this shock? Stay tuned for updates! šāØ
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