The $1.5 Billion Bybit Cryptocurrency Heist
Lazarus hackers stole 401,000 ETH worth $1.5B from Bybit in 2025 by compromising its signing workflow and deceiving staff approvals.
When cold storage and multisignature controls were not enough
Bybit is one of the world’s largest cryptocurrency exchanges. In February 2025, it became the victim of the largest crypto theft ever recorded, losing approximately 401,000 Ether valued at about $1.5 billion at the time.
What makes the Bybit incident historically significant is not only the amo…
