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

Bybit will repay all users, though some of the lost Ethereum (ETH) may be secured via a bridge loan for short-term claims.

Plus: Apple turns off end-to-end encrypted iCloud backups in the UK after pressure to install a backdoor, and two spyware ...

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

Bybit's reserves still exceed user assets despite a more than $5 billion decrease in total assets following the $1.4 billion ...

Bybit CEO Ben Zhou said Thursday that his exchange will not list the Pi Network's PI token, which was controversially ...

And, despite the massive loss, the co-founder and CEO of the exchange – Ben Zhou has taken to social media to assure the ...

A major cryptocurrency exchange says it was the victim of a sophisticated hack that stole about $1.5 billion worth of digital ...

The world's second-largest crypto exchange Bybit suffered an exploit Friday that saw it drained of about $1.4 billion worth ...

There has been another crypto heist and this time, it's the biggest one in history. Here's everything you need to know about ...

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