Bybit lost 70% of its Ethereum assets due to deep hacker intervention
On February 21, 2025, the Bybit crypto exchange was the victim of a hacker attack that stole 70% of its Ethereum assets (400,000 ETH). The company's CEO Ben Zhou confirmed the hack, and cybersecurity experts attribute the $1.4 billion attack to the Lazarus group.
After the hack, the attackers scattered the funds across dozens of wallets. The Bybit team assures that only one cold wallet was hacked, while other assets were not affected.