<ul><li>Crypto exchange Bybit announced a sophisticated attack leading to the theft of around $1.4 billion worth of Ethereum from one of its offline wallets.</li><li>The amount of ETH stolen makes it the largest known theft of cryptocurrency in history, surpassing previous breaches against the Ronin Network and Poly Network.</li><li>Bybit's CEO confirmed the theft and stated that the company is solvent and can cover the loss, even though the stolen funds may not be recovered.</li><li>Bybit, based in Dubai, had an estimated total assets of $16 billion as of last week, according to CoinMarketCap.</li></ul>

Crypto exchange Bybit says it was hacked and lost around $1.4 billion

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