Bybit Hack, Crypto’s Biggest Ever, Spoils Coinbase’s SEC Victory Party Shares of largest US exchange plunge after Bybit is attacked ‘Careful what you wish for’ with deregulation, professor says The crypto industry started its Friday in a jubilant mood, with Coinbase Global Inc.’s announcement that US securities regulators were poised to dismiss a legal case against the nation’s largest digital-asset exchange. The happy vibe didn’t last long, however: Less than three hours later and halfway around the world, the exchange Bybit disclosed that it had been hacked in what analysts say was the biggest-ever theft in the industry with almost $1.5 billion worth of tokens looted.
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Bybit Hack, Crypto’s Biggest Ever, Spoils Coinbase’s SEC Victory Party
Shares of largest US exchange plunge after Bybit is attacked ‘Careful what you wish for’ with deregulation, professor says

The crypto industry started its Friday in a jubilant mood, with Coinbase Global Inc.’s announcement that US securities regulators were poised to dismiss a legal case against the nation’s largest digital-asset exchange.

The happy vibe didn’t last long, however: Less than three hours later and halfway around the world, the exchange Bybit disclosed that it had been hacked in what analysts say was the biggest-ever theft in the industry with almost $1.5 billion worth of tokens looted.