Bybit Loses $1.5B in Hack but Can Cover Loss, CEO Confirms
A portion of staked ether is currently being liquidated on decentralized exchanges.Updated Feb 21, 2025, 4:36 p.m. UTCPublished Feb 21, 2025, 3:34 p.m. UTCCryptocurrency exchange Bybit has experienced $1.46 billion worth of "suspicious outflows," according to blockchain sleuth ZachXBT.The wallet in question appears to have sent 401,346 ETH ($1.1 billion) as well as several other iterations of staked ether (stETH) to a fresh wallet, which is now liquidating mETH and stETH on decentralized excha...
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