Bybit Hack Leads to $38M Seizure of eXch Exchange in Germany

Germany has taken down crypto exchange eXch, seizing $38 million in assets as part of a major investigation into the largest cryptocurrency hack in history. The Bybit hack, which occurred on February 21, 2025, saw North Korean hackers steal over $1.5 billion worth of Ethereum from Dubai-based exchange Bybit. ZachXBT first reported on the event via X (formerly Twitter).