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Bitcoin

Breaking Forces in Crypto: Bybit Hack Sparks Industry Shivers

Breaking Forces in Crypto: Bybit Hack Sparks Industry Shivers

2025-02-23
Bybit faces a severe security breach, losing nearly half a million Ethereum valued at $1.5 billion, allegedly at the hands of the Lazarus Group. The heist exposes vulnerabilities in Bybit’s transaction protocols, raising concerns about trust and the decentralization of digital currencies. Bitcoin’s valuation fluctuated amid market tension, briefly nearing $100,000, while Ethereum rose 3.37% to $2,780 despite the turmoil.

Ethereum

Blockchain

Breaking Forces in Crypto: Bybit Hack Sparks Industry Shivers

Breaking Forces in Crypto: Bybit Hack Sparks Industry Shivers

2025-02-23
Bybit faces a severe security breach, losing nearly half a million Ethereum valued at $1.5 billion, allegedly at the hands of the Lazarus Group. The heist exposes vulnerabilities in Bybit’s transaction protocols, raising concerns about trust and the decentralization of digital currencies. Bitcoin’s valuation fluctuated amid market tension, briefly nearing $100,000, while Ethereum rose 3.37% to $2,780 despite the turmoil.