Cryptocurrency exchange Bybit has maintained reserves exceeding its liabilities despite suffering a $1.4 billion hack and an overall $5.3 billion decline in total assets, according to DefiLlama data.

Bybit has suffered the largest hack in cryptocurrency history, with $1.4 billion drained from its wallets. Ethereum futures traders saw mass liquidations, with $76 million wiped out in four hours ...

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"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," the company's chief executive officer Ben Zhou said in a post on X.

Many others also joked about how they plan to use the helpful hack for their partners, adult children and teenagers. While some people were charmed by the video, others were more critical.

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Bybit Hack, Crypto’s Biggest Ever, Spoils Coinbase’s SEC Victory Party Shares of largest US exchange plunge after Bybit is attacked ‘Careful what you wish for’ with deregulation, professor ...

While no customers will lose funds in the Bybit hack, the exchange has little hope of getting this $1.4 billion back. Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to ...

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An icon in the shape of a lightning bolt. Impact Link Dubai-based cryptocurrency exchange Bybit said Friday that it had suffered what could be the largest cryptocurrency theft in history, with ...

Arkham Intelligence announced that onchain security sleuth ZachXBT has identified the Lazarus Group, a North Korean hacker group, as being behind the $1.46 billion Bybit hack on Feb. 21.