<ul><li>Cryptocurrency exchange Bybit confirmed a major security breach involving its ETH cold wallet.</li><li>During a transfer, a 'sophisticated attack' manipulated the transaction process allowing the hacker to gain control of the wallet.</li><li>Approximately $1.44 billion worth of assets, including 401,347 ETH, were withdrawn in the breach.</li><li>Bybit assures users that all other cold wallets remain secure and client funds are safe.</li></ul>

Ethereum Price Dips After Bybit Reports Massive $1.4 Billion Hack

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