Bybit's chief executive says the firm has now fully closed the Ethereum gap after hackers stole nearly $1.5 billion worth of ETH and Lido Staked Ether (stETH) from the crypto exchange last week.

Ethereum (ETH) traded around the $2,650 level, marking a 5% decline within the past 24 hours. This drop reflects traders' worries about potential further decreases after Friday's Bybit hack, which placed considerable downward pressure on the value of the world's second-largest cryptocurrency by market cap.

Bybit faces a $1.4B loss in digital assets due to a sophisticated phishing attack, with attackers exploiting a cold wallet vulnerability.

Market intelligence platform CryptoQuant says that the Ethereum (ETH) reserves of Bybit are recuperating after the crypto exchange was hacked to the tune of $1.4 billion.

Bybit’s $1.4 billion hack, the largest in crypto history, might have unexpected implications for Ethereum. As the exchange moves to recover, could this be a bullish catalyst for ETH? Ether has time and time again failed to reach the new high’s the market has longed for after a new crypto-friendly administration under President Trump,

Lazarus Group, hackers based in North Korea, tricked Bybit CEO Ben Zhou into approving a transfer of 400,000 ethereum tokens from his company's cold wallet.

Bybit said it successfully navigated the biggest cryptocurrency heist ever recorded, in which hackers stole about $1.5B in digital assets from the crypto exchange's ethereum cold wallet. Hackers stole over 400,

Bybit Faces Unprecedented Industry Response A major cryptocurrency exchange, Bybit, has suffered a massive security breach, leading to the theft of approximately $1.5 billion worth of Ethereum. The incident took place late Friday evening when hackers exploited a routine transfer of funds from a secure offline wallet to a daily-use wallet.