Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has published its 1H 2025 Half-Year Report, ...

Cryptocurrency exchange Bybit says it was the victim of a sophisticated hack that stole about $1.5 billion worth of digital currency, marking one of the biggest online thefts of all time.

According to Bloomberg, Bybit had around $16.2 billion in assets before the hack, averaging over $36 billion in daily trading. Friday's theft accounted for around nine percent of its total assets.

According to Bybit's holdings, that amounts to $1.5 billion in cryptocurrency that was stolen from Bybit and its customers, making this the largest ever cryptocurrency theft.

Bybit, one of the world’s largest cryptocurrency exchanges, experienced a hack Friday in which over $1.4 billion worth of crypto was stolen, according to blockchain-analytics firms.