Crypto’s wild ride just hit a massive speed bump—Bybit, a titan among exchanges, got slammed with a jaw-dropping $1.5 billion Ethereum hack on February 21, 2025. Yep, you read that right: hackers pulled off the biggest crypto heist *ever*, draining an ETH cold wallet faster than you can say “multisig.” The charts are screaming panic—support at $2,700 crumbled, and ETH’s flirting with a freefall. RSI’s oversold, volume’s spiking, and the market’s got that deer-in-headlights vibe.
How’d it happen? Word is, the culprits spoofed Bybit’s signing interface, tricking the team into greenlighting a malicious contract. Social engineering or a wallet flaw? Either way, it’s a neon sign flashing “SECURITY NIGHTMARE.” Bybit’s CEO Ben Zhou swears they’re solvent, with bridge loans covering 80% of the loss, but the damage is done—350K withdrawal requests flooded in, and trust’s on life support.
So, Binance fam, let’s talk: Is #bybitsecuritybreach a one-off, or are we all sitting ducks? Are you yanking your funds, or holding tight? Drop your take below—this one’s too big to sleep on!
