On February 21, 2025, the cryptocurrency exchange Bb was attacked, resulting in the loss of approximately 1.5 billion USD in Ethereum (ETH). Hackers gained control of Bb's cold ETH wallet and transferred over 400,000 ETH to an unknown address. The CEO of Bit, Mr. Ben Zhou, confirmed this incident and committed that all customer assets are protected and the exchange is still operating normally.

✅ This is considered the largest attack in the history of cryptocurrency, surpassing previous incidents such as the Poly Network attack in 2021. Bb is collaborating with blockchain security experts to investigate and trace the stolen funds.

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👉 Personally, I suspect that Bb has the capability to pay this amount to avoid a DOMINO collapse of the exchange.

👉 I don't know who is behind this incident, but it is also a lesson for exchanges to come together to create a separate regulatory framework to avoid risks.

👉 The hacked money from the exchange will eventually return, the important thing is the FUD around Ether and I believe that in the upcoming phase, the Ether network will rise.