Bybit Cryptocurrency Exchange Suffers $1.4 Billion Theft
Cryptocurrency exchange Bybit experienced a security breach on February 21, 2025, resulting in the theft of over $1.4 billion worth of liquid-staked Ether.
Key points
- Over $1.4 billion in liquid-staked Ether stolen.
- Attributed to North Korea's Lazarus Group.
- Vulnerability exploited in SafeWallet's infrastructure.
Connected intelligence
Signal brief
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Organization
- Published
- Feb 21, 2025
- Updated
- Jun 26, 2026
- Confidence
- Medium
- Evidence
- 7 sources
Structured assessment
Signal analysis
It helps compare this signal with other published signals without treating the labels as final determinations.
Threat source
Watch internet-facing systems, credential abuse and exploit activity.
Business impact
- Impact area
- Unknown
Mentioned entities
Quick context
Questions about this signal
What happened in this signal?
Cryptocurrency exchange Bybit experienced a security breach on February 21, 2025, resulting in the theft of over $1.4 billion worth of liquid-staked Ether. Forensic investigations attributed the attack to North Korea's Lazarus Group, who exploited a vulnerability in SafeWallet's infrastructure rather than Bybit's direct systems.
When was this signal reported?
Shadow Tier lists Feb 21, 2025 as the signal date.
Which organization is connected to this signal?
Bybit is the organization connected to this public signal.
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