Bybit Hack Highlights Critical Lessons in Crypto Custody and Security
The $1.5 Billion Bybit Security Breach: What Happened? In February 2025, Bybit, one of the world’s largest cryptocurrency exchanges, suffered a major security breach, resulting in the theft of 401,000 ETH (valued at approximately $1.5 billion). The attack occurred during a cold-to-warm wallet transfer, a routine process meant to ensure liquidity for daily trading. While […]
Bybit $1.5 Billion Hack: How KYT Analytics Can Help Recover Stolen Funds
All You Need to Know About Bybit’s Hacking Incident On February 21, 2025, Bybit, one of the world’s largest cryptocurrency exchanges, suffered a significant security breach during a cold-to-warm wallet transfer. The attack exploited a vulnerability in custody operations, allowing hackers to drain 401,000 ETH (valued at approximately $1.5 billion). This theft triggered a 4% […]
