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$ETH Cryptocurrency firm Bybit said hackers stole $1.5bn (£1.1bn) worth of digital currency in what could be the biggest crypto theft in history.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
#GasFeeImpact Cryptocurrency firm Bybit said hackers stole $1.5bn (£1.1bn) worth of digital currency in what could be the biggest crypto theft in history.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
#WalletActivityInsights Cryptocurrency firm Bybit said hackers stole $1.5bn (£1.1bn) worth of digital cur in what could be the biggest crypto theft in history.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
#MarketSentimentWatch Cryptocurrency firm Bybit said hackers stole $1.5bn (£1.1bn) worth of digital currency in what could be the biggest crypto theft in history.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
#TokenMovementSignals Cryptocurrency firm Bybit said hackers stole $1.5bn (£1.1bn) worth of digital currency in what could be the biggest crypto theft in history.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
#VIRTUALWhale Cryptocurrency firm Bybit said hackers stole $1.5bn (£1.1bn) worth of digital currency in what could be the biggest crypto theft in history.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
$ETH
#VIRTUALWhale #TokenMovementSignals #MarketSentimentWatch #WalletActivityInsights #GasFeeImpact Cryptocurrency firm Bybit said hackers stole $1.5bn (£1.1bn) worth of digital currency in what could be the biggest crypto theft in history.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
#VIRTUALWhale #TokenMovementSignals #MarketSentimentWatch #WalletActivityInsights #GasFeeImpact Cryptocurrency firm Bybit said hackers stole $1.5bn (£1.1bn) worth of digital currency in what could be the biggest crypto theft in history.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
#ActiveUserImpact Cryptocurrency firm Bybit said hackers stole $1.5bn (£1.1bn) worth of digital currency in what could be the biggest crypto theft in history.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
#PriceTrendAnalysis Cryptocurrency firm Bybit said hackers stole $1.5bn (£1.1bn) worth of digital currency in what could be the biggest crypto theft in history.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
#OnChainInsights Cryptocurrency firm Bybit said hackers stole $1.5bn (£1.1bn) worth of digital currency in what could be the biggest crypto theft in history.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
#VIRTUALWhales
Cryptocurrency firm Bybit said hackers stole $1.5bn (£1.1bn) worth of digital currency in what could be the biggest crypto theft in history.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
Cryptocurrency firm Bybit said hackers stole $1.5bn (£1.1bn) worth of digital currency in what could be the biggest crypto theft in history.
The Dubai-based company's founder told users that their funds were "safe" and that it would refund any of those affected.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Bybit's founder Ben Zhou said the money could be covered by the firm or by a loan from partners. Bybit holds $20bn (£15bn) in assets.
Advertisement
Bybit said the hackers exploited security features, then transferred the money to an unidentified address.
After the theft, the value of Ethereum fell by around 4% on Friday, leaving it worth $2,641.41 (£2,090) per coin.
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Bybit was founded in 2018. US President Donald Trump and former Paypal chief Peter Thiel were reportedly among its early investors.
Bybit says it has more than 60 million users worldwide and offers access to various cryptocurrencies.
"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Mr Zhou added.
The company said in a post on X that it had reported the case to authorities and that it was working "quickly and extensively" to identify the hackers.
$ETH
Japanese investment firm Metaplanet has expanded its Bitcoin portfolio with the acquisition of an additional 68.59 BTC, valued at approximately $6.6 million.
The purchase, made at an average price of $96,335 per Bitcoin, brings the company’s total holdings to 2,100 BTC, worth about $203 million, representing roughly 0.01% of the total Bitcoin supply.
The company, listed on the Tokyo Stock Exchange, launched its Bitcoin investment strategy in April 2024 and has since pursued an aggressive accumulation plan.
Japanese investment firm Metaplanet has expanded its Bitcoin portfolio with the acquisition of an additional 68.59 BTC, valued at approximately $6.6 million.
The purchase, made at an average price of $96,335 per Bitcoin, brings the company’s total holdings to 2,100 BTC, worth about $203 million, representing roughly 0.01% of the total Bitcoin supply.
The company, listed on the Tokyo Stock Exchange, launched its Bitcoin investment strategy in April 2024 and has since pursued an aggressive accumulation plan.
#TradeFiRevolution
Japanese investment firm Metaplanet has expanded its Bitcoin portfolio with the acquisition of an additional 68.59 BTC, valued at approximately $6.6 million.
The purchase, made at an average price of $96,335 per Bitcoin, brings the company’s total holdings to 2,100 BTC, worth about $203 million, representing roughly 0.01% of the total Bitcoin supply.
The company, listed on the Tokyo Stock Exchange, launched its Bitcoin investment strategy in April 2024 and has since pursued an aggressive accumulation plan.
Japanese investment firm Metaplanet has expanded its Bitcoin portfolio with the acquisition of an additional 68.59 BTC, valued at approximately $6.6 million.
The purchase, made at an average price of $96,335 per Bitcoin, brings the company’s total holdings to 2,100 BTC, worth about $203 million, representing roughly 0.01% of the total Bitcoin supply.
The company, listed on the Tokyo Stock Exchange, launched its Bitcoin investment strategy in April 2024 and has since pursued an aggressive accumulation plan.
#TradefiRevolutions
Japanese investment firm Metaplanet has expanded its Bitcoin portfolio with the acquisition of an additional 68.59 BTC, valued at approximately $6.6 million.
The purchase, made at an average price of $96,335 per Bitcoin, brings the company’s total holdings to 2,100 BTC, worth about $203 million, representing roughly 0.01% of the total Bitcoin supply.
The company, listed on the Tokyo Stock Exchange, launched its Bitcoin investment strategy in April 2024 and has since pursued an aggressive accumulation plan.
Japanese investment firm Metaplanet has expanded its Bitcoin portfolio with the acquisition of an additional 68.59 BTC, valued at approximately $6.6 million.
The purchase, made at an average price of $96,335 per Bitcoin, brings the company’s total holdings to 2,100 BTC, worth about $203 million, representing roughly 0.01% of the total Bitcoin supply.
The company, listed on the Tokyo Stock Exchange, launched its Bitcoin investment strategy in April 2024 and has since pursued an aggressive accumulation plan.
$ETH Crypto market participants are expecting no change in the upcoming US Consumer Price Index, but a lower print is possible and could trigger an uptick in Bitcoin’s price, says a crypto analyst.
“There is a real possibility of a lower print, which could ignite another rally attempt,” 10x Research head of research Markus Thielen said in a Feb. 11 market report.
Bitcoin rally may emerge if CPI “surprises to the downside
Thielen said that most market participants expect a 2.9% year-on-year (YoY) inflation rate in the US Bureau of Statistics report set to be released on Feb. 12.
However, he said that the US Truflation Inflation Index — a real-time inflation tracker — has declined from 3.0% to 2.1%, which suggests that inflation pressures “may be easing faster than expected.”
“If CPI surprises to the downside at 2.7% or 2.8%, Bitcoin could see a relief rally,” he said.
“There is a real possibility of a lower print, which could ignite another rally attempt,” 10x Research head of research Markus Thielen said in a Feb. 11 market report.
Bitcoin rally may emerge if CPI “surprises to the downside
Thielen said that most market participants expect a 2.9% year-on-year (YoY) inflation rate in the US Bureau of Statistics report set to be released on Feb. 12.
However, he said that the US Truflation Inflation Index — a real-time inflation tracker — has declined from 3.0% to 2.1%, which suggests that inflation pressures “may be easing faster than expected.”
“If CPI surprises to the downside at 2.7% or 2.8%, Bitcoin could see a relief rally,” he said.
#ETH
Crypto market participants are expecting no change in the upcoming US Consumer Price Index, but a lower print is possible and could trigger an uptick in Bitcoin’s price, says a crypto analyst.
“There is a real possibility of a lower print, which could ignite another rally attempt,” 10x Research head of research Markus Thielen said in a Feb. 11 market report.
Bitcoin rally may emerge if CPI “surprises to the downside
Thielen said that most market participants expect a 2.9% year-on-year (YoY) inflation rate in the US Bureau of Statistics report set to be released on Feb. 12.
However, he said that the US Truflation Inflation Index — a real-time inflation tracker — has declined from 3.0% to 2.1%, which suggests that inflation pressures “may be easing faster than expected.”
“If CPI surprises to the downside at 2.7% or 2.8%, Bitcoin could see a relief rally,” he said.
Crypto market participants are expecting no change in the upcoming US Consumer Price Index, but a lower print is possible and could trigger an uptick in Bitcoin’s price, says a crypto analyst.
“There is a real possibility of a lower print, which could ignite another rally attempt,” 10x Research head of research Markus Thielen said in a Feb. 11 market report.
Bitcoin rally may emerge if CPI “surprises to the downside
Thielen said that most market participants expect a 2.9% year-on-year (YoY) inflation rate in the US Bureau of Statistics report set to be released on Feb. 12.
However, he said that the US Truflation Inflation Index — a real-time inflation tracker — has declined from 3.0% to 2.1%, which suggests that inflation pressures “may be easing faster than expected.”
“If CPI surprises to the downside at 2.7% or 2.8%, Bitcoin could see a relief rally,” he said.
#TokenReserve
Crypto market participants are expecting no change in the upcoming US Consumer Price Index, but a lower print is possible and could trigger an uptick in Bitcoin’s price, says a crypto analyst.
“There is a real possibility of a lower print, which could ignite another rally attempt,” 10x Research head of research Markus Thielen said in a Feb. 11 market report.
Bitcoin rally may emerge if CPI “surprises to the downside”
Thielen said that most market participants expect a 2.9% year-on-year (YoY) inflation rate in the US Bureau of Statistics report set to be released on Feb. 12.
However, he said that the US Truflation Inflation Index — a real-time inflation tracker — has declined from 3.0% to 2.1%, which suggests that inflation pressures “may be easing faster than expected.”
“If CPI surprises to the downside at 2.7% or 2.8%, Bitcoin could see a relief rally,” he said.
Crypto market participants are expecting no change in the upcoming US Consumer Price Index, but a lower print is possible and could trigger an uptick in Bitcoin’s price, says a crypto analyst.
“There is a real possibility of a lower print, which could ignite another rally attempt,” 10x Research head of research Markus Thielen said in a Feb. 11 market report.
Bitcoin rally may emerge if CPI “surprises to the downside”
Thielen said that most market participants expect a 2.9% year-on-year (YoY) inflation rate in the US Bureau of Statistics report set to be released on Feb. 12.
However, he said that the US Truflation Inflation Index — a real-time inflation tracker — has declined from 3.0% to 2.1%, which suggests that inflation pressures “may be easing faster than expected.”
“If CPI surprises to the downside at 2.7% or 2.8%, Bitcoin could see a relief rally,” he said.
$XRP
Tether, the issuer of the world’s largest stablecoin by market capitalization, has invested in Zengo Wallet, a self-custodial cryptocurrency wallet, as its USDt stablecoin faces regulatory challenges in the European Union.
Tether has completed a strategic investment in Zengo Wallet, a self-custodial wallet focused on multiparty computation (MPC) technology, according to an announcement shared with Cointelegraph on Feb. 11.
The undisclosed investment will help Zengo enhance its wallet features, enabling “seamless support for Tether’s stablecoins across major blockchain ecosystems,” the announcement stated.
“Tether is committed to delivering reliable and secure tools that empower users to take control of their digital assets. Our investment in Zengo reflects that commitment,” Tether CEO Paolo Ardoino said.
Zengo eliminates seed phrase vulnerability
Launched in 2019, Zengo operates a self-custodial cryptocurrency wallet that eliminates the need for traditional se
Tether, the issuer of the world’s largest stablecoin by market capitalization, has invested in Zengo Wallet, a self-custodial cryptocurrency wallet, as its USDt stablecoin faces regulatory challenges in the European Union.
Tether has completed a strategic investment in Zengo Wallet, a self-custodial wallet focused on multiparty computation (MPC) technology, according to an announcement shared with Cointelegraph on Feb. 11.
The undisclosed investment will help Zengo enhance its wallet features, enabling “seamless support for Tether’s stablecoins across major blockchain ecosystems,” the announcement stated.
“Tether is committed to delivering reliable and secure tools that empower users to take control of their digital assets. Our investment in Zengo reflects that commitment,” Tether CEO Paolo Ardoino said.
Zengo eliminates seed phrase vulnerability
Launched in 2019, Zengo operates a self-custodial cryptocurrency wallet that eliminates the need for traditional se
#LTC&XRPETFsNext?
Tether, the issuer of the world’s largest stablecoin by market capitalization, has invested in Zengo Wallet, a self-custodial cryptocurrency wallet, as its USDt stablecoin faces regulatory challenges in the European Union.
Tether has completed a strategic investment in Zengo Wallet, a self-custodial wallet focused on multiparty computation (MPC) technology, according to an announcement shared with Cointelegraph on Feb. 11.
The undisclosed investment will help Zengo enhance its wallet features, enabling “seamless support for Tether’s stablecoins across major blockchain ecosystems,” the announcement stated.
“Tether is committed to delivering reliable and secure tools that empower users to take control of their digital assets. Our investment in Zengo reflects that commitment,” Tether CEO Paolo Ardoino said.
Zengo eliminates seed phrase vulnerability
Launched in 2019, Zengo operates a self-custodial cryptocurrency wallet that eliminates the need for traditional
Tether, the issuer of the world’s largest stablecoin by market capitalization, has invested in Zengo Wallet, a self-custodial cryptocurrency wallet, as its USDt stablecoin faces regulatory challenges in the European Union.
Tether has completed a strategic investment in Zengo Wallet, a self-custodial wallet focused on multiparty computation (MPC) technology, according to an announcement shared with Cointelegraph on Feb. 11.
The undisclosed investment will help Zengo enhance its wallet features, enabling “seamless support for Tether’s stablecoins across major blockchain ecosystems,” the announcement stated.
“Tether is committed to delivering reliable and secure tools that empower users to take control of their digital assets. Our investment in Zengo reflects that commitment,” Tether CEO Paolo Ardoino said.
Zengo eliminates seed phrase vulnerability
Launched in 2019, Zengo operates a self-custodial cryptocurrency wallet that eliminates the need for traditional
#AltcoinRevolution2028
The crypto market's rally slowed following the US President Donald Trump's signing of new international trade tariff laws. On Monday, February 10, Bitcoin saw a slight decline of less than one percent on global exchanges, bringing its value to $96,890 (roughly Rs. 85 lakh), according to CoinMarketCap. In India, Bitcoin traded at $97,563 (roughly Rs. 85.6 lakh) after slipping around two percent in the past 24 hours.
“Bitcoin is trading near its support level following Trump's plans to impose 25 percent tariffs on steel and aluminium. These trade escalations echo his announcement from last weekend about imposing tariffs on Canada and Mexico. Bitcoin could test the previous low of $91,000 (roughly Rs. 80 lakh) if the selling pressure continues,” Edul Patel, CEO of Mudrex told Gadgets 360.
The price of Ether dropped by 1.60 percent in the last 24 hours on global exchanges. Presently, the value of ETH stands at $2,626 (roughly Rs. 2.30 lakh) on global platforms, showed CoinMarketCap. The asset followed Bitcoin's trajectory on Indian exchanges and reflected a drop of around 2.50 percent on Monday. With this, Ether's trading value has come to $2,603 (roughly Rs. 2.28 lakh) on platforms like CoinSwitch
The crypto market's rally slowed following the US President Donald Trump's signing of new international trade tariff laws. On Monday, February 10, Bitcoin saw a slight decline of less than one percent on global exchanges, bringing its value to $96,890 (roughly Rs. 85 lakh), according to CoinMarketCap. In India, Bitcoin traded at $97,563 (roughly Rs. 85.6 lakh) after slipping around two percent in the past 24 hours.
“Bitcoin is trading near its support level following Trump's plans to impose 25 percent tariffs on steel and aluminium. These trade escalations echo his announcement from last weekend about imposing tariffs on Canada and Mexico. Bitcoin could test the previous low of $91,000 (roughly Rs. 80 lakh) if the selling pressure continues,” Edul Patel, CEO of Mudrex told Gadgets 360.
The price of Ether dropped by 1.60 percent in the last 24 hours on global exchanges. Presently, the value of ETH stands at $2,626 (roughly Rs. 2.30 lakh) on global platforms, showed CoinMarketCap. The asset followed Bitcoin's trajectory on Indian exchanges and reflected a drop of around 2.50 percent on Monday. With this, Ether's trading value has come to $2,603 (roughly Rs. 2.28 lakh) on platforms like CoinSwitch
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The European Union has officially passed the Anti-Money Laundering Regulation, setting the stage for a ban on privacy coins and anonymous crypto accounts starting July 1, 2027. Under the new rules, financial institutions and crypto-asset service providers will no longer be allowed to hold or manage accounts that enable anonymous transactions or support privacy-focused cryptocurrencies like Monero (XMR), Zcash (ZEC), and Dash.
The AMLR also mandates identity verification for crypto transactions above €1,000, aiming to tighten anti-money laundering controls across the crypto space. To oversee these measures, the EU will launch the Anti-Money Laundering Authority (AMLA), directly supervising up to 40 major CASPs across member states.
Supporters argue that these rules will curb illicit activities and improve transparency in digital finance. However, critics warn that banning privacy coins could undermine financial privacy rights and restrict legitimate uses for activists, journalists, and individuals in oppressive regimes.
This landmark regulation signals Europe’s commitment to stricter oversight of crypto markets while raising questions about the future of privacy-preserving technologies in finance.
Do you think this ban will set a global precedent—or push innovation elsewhere?
#EUPrivacyCoinBan
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