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Bybit Suffers $1.4 Billion Cryptocurrency Theft
On February 21st, 2024, Bybit, a Singapore-based cryptocurrency exchange, suffered a $1.4 billion theft of 401,000 Ethereum from a cold wallet after a co-founder approved a seemingly legitimate transaction, causing a 7% drop in Ethereum's price.
Bybit Suffers $1.4 Billion Cryptocurrency Theft
On February 21st, 2024, Bybit, a Singapore-based cryptocurrency exchange, suffered a $1.4 billion theft of 401,000 Ethereum from a cold wallet after a co-founder approved a seemingly legitimate transaction, causing a 7% drop in Ethereum's price.
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