$ETH Ethereum Price Crashes 8% After Bybit Hack: Here’s What Happened :

A masked UI exploit drained roughly 401,346 ETH ($1.5B) from Bybit’s cold wallets.

North Korea’s Lazarus Group are the hackers behind ByBit’s hack, per on-chain investigator ZachXBT.

As a result of this security incident, ETH’s price dropped 8% from $ 2,845 to $2,614 on Friday, February 21, 2025.