Browsing: Bybit

Cryptocurrencies experienced significant losses on Monday, driven by macroeconomic concerns, tech stock declines, and a recent exchange hack.

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.

Bybit, a major cryptocurrency exchange, suffered a significant security breach, resulting in the theft of almost $1.5 billion worth of tokens. This marks one of the largest heists in the crypto industry.