ByBit Suffers $1.5bn Hack, the Largest Heist So Far

February 25, 2025 at 10:05 AM EST

Crypto exchange Bybit suffered a major security breach on Friday, resulting in the theft of nearly $1.5 billion worth of Ethereum.

With the increasing sophistication that hackers are using to target crypto industry players, entities like Bit Digital Inc. (NASDAQ: BTBT) need to exercise extreme caution in setting up and upgrading their security systems so that they don’t find themselves in news headlines as yet another victim of…

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