Bybit Exchange (Feb 2025) – $1.5B Hack

Lazarus Group 🚨 exploited a cold‐wallet flaw at Bybit, draining 400k $ETH (~$1.5B). Ethereum’s price tanked ~10% and investor nerves frayed. Bybit raised $320M in emergency funding but ultimately announced closure by end-2025. Users endured withdrawal freezes for weeks. 😱 Lesson: even “offline” wallets can bite back.

ETH

2,062.86

+11.25%

#bybit #Ethereum #CryptoHack @Ethereum