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Bybit Loses $1.5B in Hack but Can Cover Loss, CEO Confirms

A portion of staked ether is currently being liquidated on decentralized exchanges.

Updated Feb 21, 2025, 6:41 p.m. Published Feb 21, 2025, 3:34 p.m.
Bybit CEO Ben Zhou (Danny Nelson/ CoinDesk)
Bybit CEO Ben Zhou (Danny Nelson/ CoinDesk)