Originally published at: Bybit Hacked: Largest Crypto Theft in History - ToolsLib Blog
Bybit, one of the largest cryptocurrency exchanges, has been hacked for $1.46 billion in digital assets, marking the biggest crypto theft in history. The attackers exploited a vulnerability in the exchange’s multisignature wallet, siphoning funds through a masked transaction. Despite the massive loss, Bybit assures users that all funds remain 1:1 backed. Read more about the breach and its implications for the crypto industry.