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Cryptocurrency Hack of $1.5 Billion

Posted by Matthew Rosenquist on February 23, 2025 at 3:09pm in Blog
Cryptocurrency Hack of $1.5 Billion

This may turn out to be the biggest #cryptocurrency hack in history! $1.5 BILLION. The details are sparse, but I am interested in the origins of this attack, especially if it was from a nation-state level attacker.

Apparently, it was the cold wallet that was compromised, which is impressive. Cold wallets are specifically designed to protect against such attacks!

In my 2025 Cybersecurity Predictions, I predicted that cryptocurrency would be heavily targeted (see Prediction 1). Unfortunately, my crystal ball was right, and I believe we still have many more months of these types of attacks ahead of us.

Cryptocurrency institutions and users beware. Cybercriminals and nation state attackers are coming for your coins! Keep your #cybersecurity top-of-the-line and up-to-date.

Full News Story: https://apnews.com/article/bybit-exchange-crypto-hack-88256366c723a9de8327ef3d4071057e

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Tags: cryptocurrency, cybersecurity, hack, bybit
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Posted by Matthew Rosenquist

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