📢 Bybit Hit by a Massive $1.47 Billion Hack – Largest in Crypto History

It has been confirmed that the global crypto exchange Bybit has suffered the largest crypto theft in history, with over $1.47 billion in ETH being drained from its cold wallet. Stolen assets include:

✅ 401,347 ETH (~$1.12 billion)

✅ 90,376 stETH (~$253 million)

✅ 15,000 cmETH (~$44 million)

✅ 8,000 mETH (~$23 million)

🔍 Bybit CEO Confirms Hack, ETH Dips Below $2,700

🚨 Over $200M worth of stETH dumped, leading to extreme market volatility.

🔥 Bybit’s Official Statement:

✔️ Other cold wallets remain secure

✔️ Customer funds are safe, withdrawals continue as usual

✔️ Operations are unaffected, updates will be provided soon

⚡️ Binance’s CZ Responds: "This is serious; Bybit should suspend withdrawals"

Binance CEO CZ and He Yi quickly responded to Bybit’s CEO post, stating:

"If help is needed, we’re here."

📉 Market Impact

Following the hack, ETH briefly dropped below $2,700, triggering market uncertainty. Investors should stay informed and manage their risk accordingly.

🔍 Crypto HK Recommendations:

✔️ Stay vigilant and monitor exchange security measures

✔️ Ensure private key & cold wallet security to mitigate risks

✔️ Watch market movements closely and adjust investment strategies