Bybit Suffers Cyber Attack: $1.46 Billion Stolen

**Bybit Suffers Cyber Attack: $1.46 Billion Stolen**

On February 21, Bybit was subjected to one of the largest attacks in cryptocurrency history. CEO Ben Zhou confirmed that hackers stole $1.46 billion in assets by taking over a cold Ethereum wallet. The attack was carried out by deceiving wallet signers using a fake interface and URL. Following this news, there was a sharp decline in the cryptocurrency market, and large-scale liquidations occurred in the derivatives markets. Bybit stated that customer funds are safe and that the exchange continues to remain liquid. This incident has once again highlighted security vulnerabilities and demonstrated how defenseless centralized exchanges can be against such attacks.

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