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The $1.4 Billion Bybit Crypto Heist: How Hackers Pulled Off One of The Biggest Crypto Thefts in History!

Mitch Jackson's avatar
Mitch Jackson
Feb 22, 2025
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Executive Summary

Think your crypto is untouchable in a cold wallet? Bybit just proved otherwise. In a staggering $1.4 billion heist, hackers exploited a flaw in the exchange’s multi-signature approval process, tricking internal teams into authorizing one of the largest crypto thefts in history—without a single system flagging it. This breach isn’t just …

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