Record $1.4 Billion Crypto Hack: Bybit’s Security Breach Raises Concerns

On February 21, 2025, cryptocurrency exchange Bybit suffered a staggering security breach, becoming the largest crypto heist in history. The attack stole approximately $1.4 billion worth of digital assets and triggered widespread panic among users. This report explores how the hack happened, who is likely responsible, and what steps Bybit is taking to recover.