🚨 $1.5B Crypto Heist Hits Bybit — Largest Hack in History 💥💻
On Feb 21, 2025, the unthinkable happened:
$1.5 BILLION in Ethereum was stolen from Bybit, marking the largest crypto theft ever recorded. 😨
But here’s the shocking part:
💼 The ETH wasn’t in a hot wallet.
❄️ It was in cold storage — supposedly the safest place in crypto.
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🔍 What Went Down?
Hackers breached one of Bybit’s cold wallets during a routine transfer to a “warm” wallet.
They siphoned funds in $10K batches across hundreds of wallets, vanishing without a trace.
Preliminary investigations point to the Lazarus Group, a North Korean cybercrime outfit
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⚠️ Fallout & Reactions
• ETH price dropped ~4% on the news
• Over 350,000 withdrawal requests flooded Bybit
• The platform is still operational — and pledged to fully refund all users
🧠 CEO Ben Zhou confirmed:
> “Bybit is solvent. All client funds are 1:1 backed.”
They’re now calling on the world’s top cybersecurity minds to track and recover the stolen ETH.
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💡 Why This Matters in 2025
This hack isn’t just about money.
It’s a wake-up call about how vulnerable centralized platforms still are, even with cold storage.
✅ Your takeaways:
• Diversify your holdings — don’t keep everything in one place
• Self-custody isn’t immune, but gives YOU control
• Stay informed. Stay alert.
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💬 Crypto never sleeps.
Neither do the hackers.
Security isn’t optional — it’s survival.
#CryptoSecurity #BybitHack #Ethereum #BlockchainSafety $BTC $ETH
