‘Worst hack in history’ as cybercriminals steal £1BILLION worth of crypto in world’s biggest ever heist
CYBERCRIMINALS have carried out the "worst hack in history" after they stole $1.19billion in cryptocurrency.
Hackers were able to gain control of an Ethereum wallet and rip all of its contents in a shock theft.
The Dubai-based Bybit exchange confirmed the potentially record-breaking crypto theft.
Fraudsters were able to access the £1billion wallet and transfer the contents to an unidentified address.
None of the other 60 million Bybuit users were hit during this shocking heist.
The CEO of Bybit, Ben Zhou, shared a statement on X after the surprising hack.
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He said: "Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss."
Bybit added that it had reported the crime to cops and said it was working "quickly and extensively" to find the criminals.
The company, founded in 2018, holds a staggering £15billion in assets and offers users various cryptocurrencies.
This £1billion attack caused the value of Ethereum to drop by about four per cent on Friday.
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