The $1.5 Billion Bybit Hack: Full Breakdown of the Largest Crypto Heist in History
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The $1.5 Billion Bybit Hack: Full Breakdown of the Largest Crypto Heist in History
On February 21st, 2025, the crypto world witnessed the largest heist in any industry’s history, as over $1.43 billion was siphoned from Bybit in what became the most significant hack ever in the cryptocurrency space.
This coup was orchestrated by the North Korean threat group TraderTraitor (also known as Jade Sleet, UNC4899, and Slow Pisces), who are also allegedly behind the largest crypto heist of 2024 — stealing $308 million from the now-defunct Japanese CEX, DMM Bitcoin.
It was a meticulously planned attack that took 19 days to fully unfold into this devastating loss.
Here’s the full account of what transpired during those critical 19 days.
On February 21st, crypto sleuth ZachXBT was the first to raise the alarm after detecting “suspicious outflows from Bybit,” which were later confirmed by the exchange.
The initial intel shared by Bybit and blockchain forensics revealed …
On February 21st, 2025, the crypto world witnessed the largest heist in any industry’s history, as over $1.43 billion was siphoned from Bybit in what became the most significant hack ever in the cryptocurrency space.
This coup was orchestrated by the North Korean threat group TraderTraitor (also known as Jade Sleet, UNC4899, and Slow Pisces), who are also allegedly behind the largest crypto heist of 2024 — stealing $308 million from the now-defunct Japanese CEX, DMM Bitcoin.
It was a meticulously planned attack that took 19 days to fully unfold into this devastating loss.
Here’s the full account of what transpired during those critical 19 days.
On February 21st, crypto sleuth ZachXBT was the first to raise the alarm after detecting “suspicious outflows from Bybit,” which were later confirmed by the exchange.
The initial intel shared by Bybit and blockchain forensics revealed …