Author: Lona Dallessandro
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From ChainAnalysis: Leveraging Transparency for Collaboration in the Wake of Record-Breaking Bybit Theft
[UPDATED: February 27, 2025; 9:40am EST] This blog has been updated to reflect the latest updates on the Bybit hack. On February 21, 2025, Bybit, a prominent cryptocurrency exchange, experienced a significant security breach resulting in the loss of nearly $1.5 billion worth of ether (ETH). This incident stands as the largest digital heist in…