<ul><li>Dubai-based cryptocurrency exchange Bybit suffered a $1.5 billion theft, potentially the largest in cryptocurrency history.</li><li>Hackers stole around 401,000 Ethereum during a routine transfer from a cold wallet to a warm wallet.</li><li>The hack involved a sophisticated attack that manipulated the signing interface and altered the underlying smart contract logic.</li><li>Bybit claims to be solvent and capable of covering the loss, with over $20 billion in assets under management.</li></ul>

What we know about the $1.5 billion Bybit crypto hack

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