Bybit cold wallet hacked: $1.46 billion stolen in one of cryptocurrency’s biggest exchange thefts

Cryptocurrency exchange Bybit has been hacked, resulting in the loss of almost $1.5 billion worth of cryptocurrency. This is reported to be one of the largest crypto hacks in company’s chief executive officer Ben Zhou has confirmed the attack, and said that one of Bybit’s offline Ethereum wallets was taken over by the hacker. An estimated $1.46 billion was siphoned away in a series of transactions.Ethereum prices fallThe prices of Ethereum fell after the news, Business Insider hacker offloaded about $200 million of staked Ether (stETH) on decentralised exchanges. This led to a drop of 4 per cent in Ethereum’s to CoinGecko, the price of the cryptocurrency was down 2.4 percent at $2,668.18.