Bybit has already paid more than $4 million to bounty hunters who helped trace and freeze some of the stolen funds.

Bybit’s $1.4 billion hack, the largest in crypto history, might have unexpected implications for Ethereum. As the exchange moves to recover, could this be a bullish catalyst for ETH?

Crypto exchange Bybit had $1.5 billion stolen from its cryptocurrency wallet. Credit: Jaque Silva / NurPhoto via That's the amount of money that has just been stolen by hackers from one of the world's biggest crypto exchanges.

Despite this being the biggest heist in crypto’s history, Zhou noted the company remains solvent and is under no existential threat, and commended the industry’s big players,

Some $1.5 billion in crypto was stolen from the Bybit exchange - sparking fear across the crypto-verse. This was the biggest crypto theft since $611 million vanished from Poly Net