$1.4 billion in digital assets stolen in hack of Asian trading platform Bybit

Bybit, a cryptocurrency exchange platform, suffered a cyberattack on Feb. 21. Hackers stole approximately $1.4 billion in digital assets, mainly Ethereum.

The attack occurred during a routine transfer between digital wallets. The attackers manipulated the process and diverted the funds to an unknown address.

Bybit assured that the remaining funds are safe. It also stated that operations are continuing as normal, although delays in withdrawals may occur.

Ben Zhou, CEO of Bybit, stated on social media that the company can absorb the loss without affecting its solvency. He added that they are working with security experts to investigate what happened.

The theft is one of the largest in the history of cryptocurrency. Experts warn that this type of attack remains a major threat to the sector.

Authorities and cybersecurity companies are analyzing the incident. There is still no information on who is responsible or whether the funds can be recovered.