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Mark Cuban says Bybit’s $1.4B hack has ‘no implications’ for crypto but raises one concern

Mark Cuban dismisses Bybit’s $1.4 billion hack as having "no implications" for crypto but questions whether the exchange has insurance.

Markets Insider on MSN · 17h

What we know about the $1.5 billion Bybit crypto hack

Ben Zhou, Bybit's CEO, said that the hack had affected around 401,000 Ethereum and sparked a surge in withdrawal requests.

TechCrunch on MSN · 1d

Crypto exchange Bybit says it was hacked and lost around $1.4B

Crypto exchange Bitby disclosed a breach that that amounts to a loss of $1.4 billion, the largest crypto theft of all time.

MarketWatch on MSN · 1d

Crypto exchange Bybit suffers $1.4 billion hack. Here’s why it’s troubling for the industry.

Bybit, one of the world’s largest cryptocurrency exchanges, experienced a hack Friday in which over $1.4 billion worth of crypto was stolen, according to blockchain-analytics firms. It’s the latest incident for an industry struggling with security concerns that present hurdles to mainstream adoption.

Forbes · 1d

Dubai Crypto Exchange Bybit Is Hacked For $1.44 Billion ETH, But CEO Says Losses Will Be Covered

Visitors stand in front of works by Bybit on display during the 15th edition of Art Dubai at Madinat Jumeirah in the Gulf emirate of Dubai, on March 10, 2022. (Photo by KARIM SAHI

22hon MSN

Bybit processes all withdrawals, system returns to ‘normal pace’ — Ben Zhou

Cryptocurrency exchange Bybit CEO Ben Zhou said the exchange has processed all withdrawals, and its system is “fully back to ...

7hon MSN

$1.5 billion crypto heist could be the biggest yet, more than doubling the previous record, but don't worry: The affected firm says it can take the hit

As reported by the BBC, Dubai-based crypto firm Bybit is down $1.5 billion in Ethereum after hackers compromised its digital wallet. If the hackers successfully make off with the dough, that would ...

1don MSN

Crypto hit by largest hack ever as Bybit loses $1.4 billion – Ethereum traders liquidated

Bybit has suffered the largest hack in cryptocurrency history, with $1.4 billion drained from its wallets. Ethereum futures ...

11h

Record $1.5 billion crypto heist hits exchange, Ethereum reserves drained

The hackers stole the crypto from Bybit's cold wallet, an offline storage system that's supposed to be highly secure. Around ...

World's BIGGEST crypto heist: Hackers steal Rs 13000 crore in sophisticated Ethereum wallet attack, here's all you need to know

This hack surpasses the 2022 Ronin Network breach, which saw the theft of $620 million in Ethereum and USD Coin. That attack ...

InvestmentNews1d

Crypto sent reeling by world’s biggest ever heist

The Lazarus Group has been implicated in several high-profile cryptocurrency thefts in recent years, including the $600 ...

Legit on MSN19h

"How hackers stole over N2trn from ByBit": Crypto expert traces funds, gives info

ByBit lost over N2trn to crypto hack as their multisign wallet lost access to a team of hackers reportedly identified as the ...

1don MSN

Bitcoin, Ethereum, and Dogecoin slump amid Bybit’s $1.4 billion security breach

Bybit CEO Ben Zhou confirmed the incident, stating that the exchange’s ETH cold wallet was compromised due to a sophisticated ...

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