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Bybit Loses 400,000 ETH In Massive Crypto Hack

The security of exchange platforms is a central issue in the crypto world. A new attack has once again highlighted the heightened vulnerability of the sector: Bybit, one of the most influential exchanges, has suffered an exceptional hacking incident, with an estimated loss of $1.5 billion in Ethereum. The incident sheds light on the complexity of the attacks targeting crypto infrastructures, as well as the challenges faced by platforms to protect their users’ funds. According to initial investigations, the attack is believed to be the work of the Lazarus group, a cybercriminal organization affiliated with North Korea, already responsible for several massive breaches in the sector. Bybit claims it can cover the losses, but this event raises questions about the resilience of exchanges in the face of growing threats.