The cryptocurrency exchange platform Bybit experienced the largest theft in the history of the sector on Friday, February 21: approximately 1.5 billion dollars. The Dubai-based platform denounced a 'sophisticated' attack while stating that its 'security team, in collaboration with experts, is actively investigating the incident.' This unprecedented theft had an impact on the cryptocurrency market: Bitcoin saw its price drop below the symbolic threshold of 90,000 dollars on February 24.
The most famous cryptocurrency has experienced many ups and downs in recent months. After reaching a then-record value of nearly 73,000 dollars in March 2024, Bitcoin fell below the 50,000 dollar mark for the first time since February on August 5, ultimately closing at just over 54,000 dollars. It then surpassed the symbolic threshold of 100,000 dollars for the first time in December, before reaching a record value on the day of Donald Trump's inauguration, who had announced plans to lift certain regulations in place on cryptocurrencies.
Chart updated with data from February 25, 2025.
