On February 21st 2025, approximately $1.46 billion in cryptoassets were stolen from Bybit, a Dubai-based exchange. Initial reports suggest that malware was used to trick the exchange into approving transactions that sent the funds to the thief. This is by the far the largest crypto heist of all time, dwarfing the $611 million stolen from Poly Network in 2021 (and the vast majority of these funds were eventually returned by the hacker). In fact this incident is almost certainly the single largest...