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Crypto Theft Sees 303% Quarterly Jump After Record Bybit Hack

  • Cryptocurrency thefts surged by 303% during the first quarter to $1.67 billion.
  • The surge was primarily driven by the historic billion-dollar hack on the Bybit exchange.
  • Around 98 of the 197 hacking incidents involved ethereum, making it a popular target for hackers.
  • Bybit suffered the largest crypto theft on record, with hackers stealing $1.45 billion worth of digital assets from its ethereum wallet.

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