What Is Known About the Bybit Hack So Far
• The Bybit hack is potentially the largest in history. A total of 401,346 ETH (~$1.46 billion) was stolen, accounting for 16% of all previous crypto-related hacks combined.
• Experts suspect that the attack may be linked to North Korean hackers.
• Bybit has assured users that their funds remain safe, despite the breach.
• Users are still able to withdraw funds, though transactions are experiencing slight delays.
• The exchange is taking out loans to cover withdrawal requests and maintain liquidity.
• Meanwhile, hackers are actively moving the stolen assets across new addresses, making it harder to trace the funds.
