World's biggest crypto theft, hackers stole Rs 13,000 crore!
Dubai-based cryptocurrency exchange Bybit has suffered the biggest crypto hack ever. According to a Bloomberg report, hackers took advantage of security protocols during transactions and stole 400,000 Ethereum, worth about $1.5 billion (Rs 13,000 crore).
Users will be given a full refund
Bybit CEO and founder Ben Ben Zhou assured customers that their money will be safe. The company has also launched a refund program to compensate users affected by this. Zhou said, Bybit is committed to the safety of its community and we will give full compensation to all affected users. Let us tell you that the price of Ethereum, the second largest cryptocurrency after Bitcoin, fell by about 4 percent after the hack. Its price was $2,641.41 on Friday.
Bybit will not go bankrupt: Zhou
CEO Zhou said Bybit has $20 billion in client assets and has more than 60 million users worldwide. He assured investors that even if the stolen funds are not recovered, the company is financially stable. He said, even if the losses caused by this hack are not compensated, Bybit is still solvent. In fact, after this theft, Bybit users were terrified that the company might go bankrupt, so people started withdrawing their money in a hurry. To this, Zhou said, "Bybit will not go bankrupt. We will compensate for the loss."
The biggest cyber theft took place in 2022
Let us tell you that before this the biggest cyber theft took place in the year 2022. The US accused North Korea's hacker group Lazarus of this. It was accused of stealing $625 million crypto currency from Ronin Network.
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