The Bybit cryptocurrency exchange said it was hacked on Friday.Bybit CEO Ben Zhou said the estimated loss stood at $1.5 billion.Analysts say it may be the biggest crypto hack ever. Here's what we know.

Dubai In a significant security breach, Dubai-based cryptocurrency exchange Bybit has reported the theft of approxima

The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to access frozen funds.

Bybit suffered one of the largest crypto thefts in history, with $1.5 billion stolen from its cold wallet during a routine transfer. The hack triggered a surge in withdrawals, as users feared Bybit might not recover. The crypto market also reacted negatively, with Ethereum dropping 6.7% and Bitcoin falling 3%.

Bybit experienced a significant security breach, marking one of the largest hacks in cryptocurrency history. Hackers infiltrated one of Bybit’s Ethereum (ETH) cold wallets, stealing approximately 401,

Hackers have stolen $1.5 billion in the biggest cryptocurrency heist. The attack targeted a cold wallet during a routine transfer.

Over 400,000 ETH and stETH worth more than $1.5 billion were stolen from the Bybit cryptocurrency exchange. Cryptocurrency exchange Bybit on Friday said a cyberattack allowed hackers to steal roughly $1.5 billion worth of digital currency.

There has been another crypto heist and this time, it's the biggest one in history. Here's everything you need to know about the Ethereum theft.

The cryptocurrency market took a hit after Bybit suffered what is now the largest hack in industry history, with over $1.46 billion in Ethereum (ETH) and staked Ethereum (stETH) drained from the exchange.