Browsing: Crypto

Bybit, a major cryptocurrency exchange, experienced a massive security breach, resulting in the theft of $1.4 billion in Ethereum, marking the largest crypto hack in history. The SEC also announced a new unit focused on cyber and emerging technology threats.

A deal with US regulators buoyed the crypto market briefly, only to be overshadowed by a massive hack of the Bybit exchange, leading to investor losses and renewed concerns about the industry’s security.