Bybit Security Breach Impacts $1.4 Billion in Crypto Assets

A major cryptocurrency exchange, Bybit, experienced a significant security breach on February 21, 2025, resulting in the theft of $1.4 billion worth of assets. The event impacted global market stability and prompted regulatory scrutiny and renewed focus on cybersecurity measures by the company. Bybit has committed to transparency and recovery strategies, but its initial market share decline reflects the severity of the attack.