$1.46 billion would equate to the largest cryptocurrency hack of all time in dollar terms, with $470 million being lost in the Mt Gox Hack, $530 million in the 2018 hack of CoinCheck, and $650 million in the Ronin Bridge exploit. BTC and ETH dropped more than 1.5% and 2%, respectively, following the transfers.

And, despite the massive loss, the co-founder and CEO of the exchange – Ben Zhou has taken to social media to assure the users of the exchange that all is well. In a post made on X, Zhou said, “Bybit is Solvent even if this hack loss is not recovered,