Quantcast

Crypto influencer: Bybit had 'the largest exchange hack in history by a long way'

CRYPTO NEWS AROUND THE GLOBE
SEC Seeks Withdrawal of Multiple Altcoin ETF Filings
US government poised to shut down: Will it affect crypto market structure bill?
Chainlink's AI-powered communications tool shows promise at streamlining corporate actions, data sharing globally
Swift to Use Consensys Blockchain for Its Global Payments Network
Senate confirms crypto-friendly Stephen Miran to Federal Reserve Board ahead of interest rate meeting
As Crypto Hacks Soar, Ethereum’s Vitalik Tests New Invisible Wallet
Tokenization of Finance: Microsoft and the London Stock Exchange launch their blockchain
France: Police seize €600,000 worth of bitcoins and shut down darknet site
How to use Grok for real-time crypto trading signals
Ethereum surpasses Bitcoin in spot volume on CEX, a first in 5 years
Ripple Expands Partnership with Spanish Banking Giant BBVA to Power Crypto Custody
ChatGPT 5 predicts the price of cryptocurrencies XRP, HYPE and SNORT in 2026
CEA Industries expands holdings to 388,888 BNB with $33 million buy, eyes 1% of supply by year-end
How to use ChatGPT to research coins before you invest
Paris Elections: Bitcoin Enters the Political Arena
WLFI Price Drop, Buyback Proposal… The Troubled Beginnings of the Trump Family Cryptocurrency
Citi executive warns stablecoin yields could drain bank deposits: Report
Solana Treasury News: Sharps (STSS) Jumps 75% on $400M Raise, DFDV Plunges on
Aave & World Liberty Financial: A Proposal That Ignites DeFi
Unprecedented: Sorare signs a partnership with LFP Media to integrate Ligue 1 and Ligue 2 into its ecosystem
New Solana treasury eyes raising over $400 million with help from ParaFi and Pantera
Bitcoin mining is booming again… with Google as a backup
Ripple's Blockchain: Disastrous Security? This Study Sows Doubt
Ether ETFs smash records as crypto products see $3.75B inflows
SEC delays decisions on Truth Social's Bitcoin and Ethereum ETF, along with XRP and Litecoin funds
Spot Ethereum ETFs Post $59M Outflows, Breaking 8-Day $3.7B Buying Streak
Coinbase CEO Says UK's TV Ad Ban Sparked ‘Quite a Reaction’
Barry Silbert returns to Grayscale as chairman as the firm prepares to go public
August is historically bad for Bitcoin: should you buy this altcoin x100 instead?
Encrypted messages under control? The EU could soon impose scanning of private conversations
All Crypto News Around The Globe
Crypto influencer: Bybit had 'the largest exchange hack in history by a long way'
Web3/Crypto
Webp dixon3
Simon Dixon, crypto investor and influencer | X

Simon Dixon, a crypto investor and influencer, has described the Bybit exchange hack as the "largest exchange hack" in history, underscoring the significance of self-custody for Bitcoin. Dixon made this statement in a February 21 post on X.

"This is the largest exchange hack in history by a long way," said Dixon. "A reminder that Bitcoin in self-custody is real $BTC."

According to Cointelegraph, the Bybit exchange was hacked on February 21, 2025, resulting in over $1.4 billion worth of ETH-related tokens being stolen. The hacker accessed an Ethereum cold wallet by exploiting a vulnerability in a multisignature wallet that appeared legitimate. Bybit's CEO Ben Zhou confirmed the breach but assured users that all other cold wallets remained secure and withdrawals continued as normal. The incident led to a 3% drop in Ether's price and added to a series of high-profile crypto security incidents in early 2025.


Simon Dixon's post | X

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

A self-custodial wallet is defined as a digital wallet where users maintain full control over their cryptocurrencies without relying on third parties like banks or exchanges. Unlike custodial wallets, self-custodial wallets ensure only the user can access their funds. This means no approval process is required to access the wallet, allowing users to manage their assets freely. However, these wallets require careful management of private keys or mnemonic phrases to avoid losing access, according to Bitcoin.com.

Bybit suspended services in India on Jan. 12, 2025, due to regulatory challenges. Indian users can’t place new trading orders, modify derivative positions, or deposit crypto and fiat, though withdrawals remain unaffected. Promotional campaign participation is also restricted.

Dixon, CEO and co-founder of BnkToTheFuture.com, has been an outspoken figure in cryptocurrency and global financial discourse. Beyond his work in fintech, he has commented on geopolitical issues. Recently, he claimed that the International Court of Justice (ICJ) ruled Israel’s actions as "completely illegal" and determined there was "plausible genocide," which was a misinterpretation of the actual findings. According to BBC reporting, the ICJ's January 2024 ruling did not determine that genocide was plausible but rather said that Palestinians have a "plausible right" to protection under the Genocide Convention. Dixon is also known for authoring Bank to the Future—the first published book to mention Bitcoin—and has built a reputation in the crypto space by leading investments in major exchanges like Kraken, Coinbase, and Bitsta.

Organizations Included in this History
Bybit
More News

CEO of Coinbase on future crypto adoption: 'The best tech is often invisible'

Brian Armstrong, CEO of Coinbase, said that broader cryptocurrency use will emerge from seamless products where users benefit without engaging with the underlying systems.

Oct 22, 2025

Strategy co-founder on bitcoin holdings: 'Strategy has acquired 220 BTC for ~$27.2 million'

Michael Saylor, co-founder of Strategy Inc., announced that the company has expanded its bitcoin holdings and reported a 25.9% year-to-date yield for 2025.

Oct 22, 2025

Founder of Wealth Mastery on crypto market volatility: 'This is not the time for over-leveraging'

Lark Davis, founder of Wealth Mastery, advised traders to avoid leverage and risky "revenge trading" amid widespread liquidations and emphasized the importance of protecting capital.

Oct 22, 2025

Optimum co-founder on gold rally: 'That just unlocks more room for Bitcoin'

Kent Lin, Co-founder of Optimum, said that Bitcoin's market capitalization is approximately 7% of gold's, suggesting that the rally in gold expands potential upside for Bitcoin.

Oct 22, 2025

CAFE Association Research director on industry leadership: CAFE is demonstrating ‘how consumer protection and innovation coexist’

Anna Milne, founding director of research for the CAFE Association, said that membership focuses on industry leadership that combines innovation with consumer protection, rather than merely adhering to baseline compliance.

Oct 20, 2025

CAFE Association Executive Director on consumer protection: 'Our mission is to protect vulnerable populations, provide trusted resources'

Edward "Coach" Weinhaus, the Founding Executive Director of the CAFE Association, emphasized that fraud is a shared problem and detailed the organization's plan to educate consumers and support responsible companies.

Oct 17, 2025

Crypto Comments
Loading...

No comments available.

Trending
1

CoinFlip outlines crypto ATM benefits, global access in op-ed

2

Bitcoin Depot expands U.S. network with National Bitcoin ATM acquisition

3

Federal Reserve highlights surge in bitcoin ATMs boosting U.S. consumer access to crypto

4

Crypto Head says $100M bitcoin ATM raise signals growing trust in retail infrastructure

5

BNB overtakes XRP to rank third by market value