#EthereumRollbackDebate #BybitSecurityBreach

In February 2025, Bybit, a prominent cryptocurrency exchange, experienced a significant security breach resulting in the theft of approximately $1.5 billion in Ethereum. The attack occurred during a routine transfer from a cold wallet to a warm wallet, where hackers manipulated the transaction to seize control of the funds. Bybit's CEO, Ben Zhou, assured users that the company remains solvent and that all client assets are fully backed and secure. The exchange is collaborating with blockchain forensic experts to trace the stolen assets and has initiated a recovery bounty program, offering up to 10% of the recovered amount to ethical hackers assisting in the effort.