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The Guardian - UK

Technology

Joanna Partridge

EXPLAINED: Crypto exchange seeks help in finding 1 5bn stolen from digital wallet | Vintage Vibes

Bybit Crypto Ben Zhou Ethereum

Two gold and gold/black coins — Tokens representing Ethereum and Bitcoin, two of the most popular digital currencies. Photograph: Dado Ruvić/Reuters

The cryptocurrency exchange Bybit has called on the “brightest minds” in cybersecurity to help it recover $1.5bn (£1.2bn) stolen by hackers in what is thought to be the biggest single digital theft in history.

The Dubai-based crypto platform said an attacker gained control of a wallet of Ethereum, one of the most popular digital currencies after bitcoin, and transferred the contents to an unknown address.

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