Big news in the world of cryptocurrency! A company called Bybit lost a HUGE amount of money in a cyber attack. Think of it like a really big bank robbery, but with digital money called cryptocurrency.
Hackers stole a lot of Ether (ETH), a type of cryptocurrency, and it made some people worried. But Bybit got help from other companies to get their money back.
Let's see what happened:
- Hackers stole $1.4 billion worth of Ether!
- Bybit got help from other companies, like Binance, to replace the stolen money.
- The price of Ether went down a little at first, but it quickly went back up.
- Even though Bybit recovered most of the Ether, they lost a lot of Bitcoin and USDT (another type of digital money).
| What happened | Amount |
|---|---|
| Stolen Ether (ETH) | $1.4 billion |
| Bybit's Bitcoin loss | $2.3 Billion (32%) |
| Bybit's USDT loss | $1.5 Billion (48%) |
| Ether's price drop (temporary) | $250 |
