🚨🚨#BybitSecuritySearch curityBreach 🚨🚨

What is the current information regarding Bybit's significant asset loss in a cyberattack?

On February 21, 2025, cryptocurrency exchange Bybit suffered a sophisticated cyberattack that resulted in the theft of approximately $1.5 billion worth of digital assets, primarily Ethereum tokens. The theft of millions of crypto occurred when an attacker manipulated a routine transfer between Bybit's hot and cold wallets, gaining control over the cold wallet and diverting funds to unidentified addresses. Despite the significant loss, Bybit CEO Ben Zhou assured users that all customer funds are safe, operations continue as usual, and the company remains solvent, with assets backed 1:1. The exchange is collaborating with blockchain experts to investigate the incident and trace the stolen funds :$BTC