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Hacking & intrusion

Bybit hack steals about $1.5 billion in cryptocurrency

First reported · Last reported · 67 related reports

On 21 February 2025, cryptocurrency exchange Bybit disclosed that about $1.5 billion in crypto assets had been stolen in a hack. The attack was carried out through the compromise of a Safe{Wallet} developer's device, and the US Federal Bureau of Investigation attributed it to North Korea. Bybit's chief executive said the losses would be covered with bridge loans, and Bybit later filed a civil lawsuit in a US court against North Korea and Lazarus.

Key facts

Affected organisation
Bybit
Incident type
Hacking & intrusion
Occurred / detected
Not confirmed
Scale of damage
About $1.5 billion in cryptocurrency
Cause / method
Hack through Lazarus's compromise of a Safe{Wallet} developer's device
Location
United Arab Emirates

If your data was exposed

Exposed dataCrypto assets

  1. Check login and withdrawal history in your exchange app, and turn on withdrawal address whitelisting and withdrawal delays.

Timeline

  1. Bybit disclosed about $1.5 billion in hack losses, and its chief executive said the losses would be covered with bridge loans.
  2. It became known that Bybit was hacked through a Safe{Wallet} developer's device compromised by Lazarus.
  3. The US Federal Bureau of Investigation attributed the Bybit hack to North Korea.
  4. Signs that some of the stolen funds moved to a Greek cryptocurrency exchange became known.
  5. It became known that Bybit filed a civil lawsuit in a US court against North Korea and Lazarus.

67 related reports

The summary and key facts are written by AI from related reports and may contain errors. Check the original articles and the organisation’s official statements for accurate details.