One of the biggest cryptocurrency exchanges in the world just lost $1.4 billion (with a B) to a hack.
This is 5x as much as the previous largest exchange hack in history.
This is 5x as much as the previous largest exchange hack in history.
Reposted from
web3 is going just great
Over $1.4 billion taken from Bybit crypto exchange
February 21, 2025
https://www.web3isgoinggreat.com/?id=bybit-hack
February 21, 2025
https://www.web3isgoinggreat.com/?id=bybit-hack
Comments
I'd better listen to the next @ClickHere (NPR, Nina Temple Raston) podcast to get the full story.
they're lying, or
the tokens are not actually really worth much of anything.
But thanks for playing 'Historical Facts Beat Rhetoric'.
#banks #cryptotrading
WAIT .. WAS IT OUR TREASURY FUNDS?!?
This is approx 3 SBFs worth of loss?
They are storing exchange crypto on a hot wallet?!?!?!?!?!!?!?!?!
Seems like this would immediately subject themselves to problems no?
Oh noes....
And if we thought removing the gold standard was sketchy, wait until all money is perfectly and permanently tracked. Good luck.
Oh well fool me once shame on you, fool me twice shame on you, fool me every day until the end of the world, shame on you.
~400k eth this time right?
So should be quite smaller in relative terms. More in dollar terms.
They'll probably blacklist the addresses and try to negotiate a partial return.
I thought the whole Big Idea pitch on blockchain was supposed to be extra security? Why buy the stuff at all if that's at risk?
If you can't, then good luck to you!
Does that say something about the chances the rest of the world has?
https://cointelegraph.com/news/bybit-exchange-hacked
https://www.tiktok.com/@realrazzlekhan/video/7467654203511475498
No mercy here.
And you misspelled craptocurrency.
What happens when X% of national wealth goes “poof”?
But with this one, might we have the chance to see another Razzlekhan in the wild?
If it's a pump and dump, it's a one-off