Big news in the world of cryptocurrency! A huge amount of money was stolen from a cryptocurrency exchange called Bybit – over $1.4 billion! That's more money than most schools have in their whole year's budget! This is the biggest crypto theft ever.
- A smaller exchange, eXch, was accused of helping the thieves wash the stolen money.
- eXch says it's not true and that only a tiny bit of the stolen money accidentally went through their system.
- Binance's boss, CZ, suggested that exchanges should temporarily stop letting people take their money out to prevent more thefts.
| Fact | Amount |
|---|---|
| Money stolen from Bybit | $1.4 Billion |
| Money eXch allegedly processed | ~$30 Million |
| ETH mistakenly sent by eXch | $96,000 |
