Huge day for Crypto : Bybit Loses $1.4 Billion . On February 21, 2025, Bybit, a big crypto exchange, got hacked. A sneaky hacker stole 401,346 ETH (Ethereum) from one of their super-secure cold wallets. That’s worth about $1.4 billion! Some are calling it the biggest crypto theft ever.

Here’s how it went down: The hacker tricked Bybit’s system with a fake transaction. Imagine someone pretending to be your friend asking for money—but it’s a scam. They got the wallet signers to approve a bad smart contract, and boom, the hacker took control. Then they moved all that ETH to a secret address.

Bybit’s boss, Ben Zhou, came out fast. He said, ‘Don’t worry, only one wallet got hit. All your funds are safe.’ He claims the other wallets—hot ones, warm ones, and the rest of the cold ones—are fine. Withdrawals are still working, and Bybit says they have enough money to cover this mess, even if they don’t get the stolen ETH back.

The crypto detectives (like ZachXBT) spotted this first. They saw tons of ETH moving to over 50 different wallets—probably the hacker trying to hide their tracks. People on X are going nuts about it. Some think exchanges need better security. Others wonder if ETH prices will drop because of this.$ETH #BybitSecurityBreach #bybit