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The biggest crypto heist ever: $1.5 billion stolen from Bybit cryptocurrency exchange

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Hackers gained control of Bybit 's ETH (Ethereum) wallet and transferred all of its holdings to an unknown address.

Bybit CEO Ben Zhou promised Bybit would cover the losses and let customers know they would receive a refund of any lost holdings.

It remains unclear whether the stolen $1.5 billion in crypto will be recovered.