💸 Bye bye, #bitcoin: Dubai’s #Bybit crypto exchange is out $1.5B after the largest digital theft in history. The platform has 60m+ global users and is the world’s second-largest crypto exchange by trading volume. Hackers gained control of an ethereum wallet on the platform and transferred its contents to an unknown address. While Bybit is telling customers their holdings are safe — and that those affected will be refunded — the company has already received 350k+ requests to withdraw funds. See, this (and only this) is exactly why we didn’t invest our billions in crypto.

https://www.theguardian.com/technology/2025/feb/23/crypto-exchange-seeks-bybit-ethereum-stolen-digital-wallet?_hsmi=348562248