Cybersecurity
$1.5-Billion Crypto theft: Dubai Authority 'monitoring situation' after Bybit Hack
In early 2025, hackers stole $1.5 billion in Ethereum from Dubai-based crypto exchange Bybit—marking the largest crypto theft to date. Linked to North Korea’s Lazarus Group, the breach highlights escalating cyber threats in the digital asset space. While Bybit assured clients their funds remain safe, the incident has triggered global concerns over crypto security, investor trust, and regulatory oversight.
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