Financial Crime Weekly: $1.4 Billion Ethereum Stolen In Largest Crypto Hack Ever, SEC Creates Cyber And Emerging Technologies Unit

Quick Summary:

The incident is considered the largest cryptocurrency hack in history, surpassing the 2021 Poly Network hack of $611 million. 

The attack, which targeted Bybit’s Ethereum cold wallet, resulted in the loss of 401,347 ETH ($1.12 billion), 90,376 stETH ($253 million), 15,000 cmETH ($44 million), and 8,000 mETH ($23 million), according to Onchain Lens.

$1.4 Billion Ethereum Stolen In Largest Crypto Hack In History

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Article Details

Author / Journalist: Erica Kollmann

Category: Technology

Markets: United StatesMali

Topics: Securities and Exchange Comission Financial Crime Weekly Markets Ben Zhou CETU SEC Government Bybit Regulations Mark T. Uyeda Cryptocurrency $ETH Cyber and Emerging Technologies Unit Benzinga Tech Fintech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-23 @ 18:20:27 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 388 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26354585

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