Bybit, a leading crypto derivatives exchange, was established in March 2018 by its CEO, Ben Zhou. A graduate of the University of Pennsylvania, Zhou previously spent seven years at XM, one of China’s major forex brokerage firms. The company operates under Bybit Fintech Limited, registered in the British Virgin Islands, with its headquarters based in […]
“On February 21, 2025, cryptocurrency exchange Bybit suffered a critical security breach, resulting in the theft of approximately $1.5 billion worth of ETH from one of its multi-signature cold wallets. Hackers masked the transaction, deceiving authorized signers into unknowingly approving a malicious smart contract modification. The stolen ETH was then transferred to an unidentified address,
$1.46 Billion Hack- Bybit CEO Confirms Exchange Breach Read More »
