Hackers stole $1.5 billion worth of Ethereum from Dubai-based crypto exchange Bybit in what is believed to be the largest digital heist to date. The breach occurred during a routine transfer from a cold wallet,

It praised the work of industry groups that came together to help trace, block and recover some of the stolen funds. For example, the mETH Protocol team successfully recovered 15,000 cmETH tokens worth around $43m, Bybit said.

Dubai-based exchange Bybit has fallen victim to a monumental security breach, resulting in the theft of approximately $1.5 billion worth of digital as