Bybit News: $1.4 Billion Crypto Hack and Traders’ Response with Meme Coin

In a major security breach, hackers stole a whopping $1.4 billion from the Bybit cryptocurrency exchange, primarily in Ether and Ethereum-based tokens. Despite the hack, traders have found solace in a new meme coin, FloppyPepe (FPPE), while the value of BTC remains strong.

Bybit Hackers Launder $1.4 Billion Stolen Crypto in 10 Days

The largest hack in the history of crypto saw hackers steal over $1.4 billion from the Bybit platform, primarily in Ether (ETH), Staked Ether (stETH), and other Ethereum-based tokens. In just 10 days, they managed to launder the entire amount, although blockchain security experts believe some funds may still be recovered.

Traders Hedge with New Meme Coin FloppyPepe (FPPE) as BTC Holds Strong Despite Bybit Hack

The recent Bybit hack has left traders fazed, but Bitcoin (BTC) remains firm. Seasoned traders are diversifying in times of uncertainty, with FloppyPepe (FPPE) emerging as a popular choice to hedge assets. Hackers stole approximately 401,347 ETH worth over $1.4 billion from Bybit’s Ethereum (ETH) cold wallet, ranking among the largest cryptocurrency hacks in history.