🚨 BYBIT EXCHANGE HACK: THE LARGEST THEFT OF ETHEREUM IN HISTORY💣
On February 21, 2025, the Bybit exchange was the target of a highly sophisticated cyberattack. North Korean hackers from the Lazarus group managed to infiltrate its multisig cold wallet for Ethereum, manipulating the internal logic of the smart contract and altering the signing mechanism without being detected by the operators.
The result: a silent but devastating theft of over 401,346 ETH, equivalent to 1.4 billion dollars, marking one of the largest cyber crimes in the history of cryptocurrencies.
According to the latest report from Chainalysis, over 2.17 billion USD in crypto assets have been stolen in the first half of 2025, a figure that already surpasses all losses in 2024.
And the most alarming: the attack on Bybit alone represents approximately 69% of those losses.
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🛡️ What about Binance? Security of another league
While some exchanges like Bybit suffer multimillion-dollar losses due to technical vulnerabilities and human errors, Binance maintains a firm stance with unbreakable security protocols:
An AI and machine learning-based threat detection system that blocks suspicious activities before they are executed.
Emergency funds like the SAFU, designed to protect user assets in case of extreme incidents.
Constant external audits, 24/7 monitoring, active collaboration with international agencies, and ultra-fast responses to any attempted attack.
In an ecosystem where a single mistake can cost billions, Binance demonstrates why it remains the benchmark in crypto security
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