Quantcast

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

The growth of this blockchain is surpassing that of’Ethereum
Stripe’s Bridge buy a sign that crypto’s new competitors — and partners — are big fintechs, says Gemini’s EU head
Here Are 3 Reasons Why Bitcoin Open Interest Set Record Highs as BTC Price Surge to $71K
MicroStrategy announces plan to raise $42 billion to buy more bitcoin
Crypto France: BANGK wants to revolutionize ethical finance with blockchain
Ethereum mainnet issues drive users to Layer 2s and Solana, analyst says
Binance announces Binance Connect relaunch
MicroStrategy’s Current Premium Relative to Its Bitcoin Stack Is Unlikely to Last: Steno Research
MicroStrategy Touches New Highs as Trading Volume Relative to Nvidia Surges
Michael Saylor against self-guardian Bitcoin: Vitalik Buterin criticizes his position
BlackRock and MicroStrategy seen sending Bitcoin to $200,000: Bernstein
Binance CEO: 'deeply relieved and grateful that Tigran Gambaryan has finally been released' from Nigerian prison
Nigeria releases Binance exec from custody after money laundering charges are dropped in surprise decision
Bitcoin Miners Are Pivoting to AI to Survive. Core Scientific Entered the Race Years Ago
Ethereum’s Verge roadmap could enable ‘stateless clients’ for block verification on everyday devices
Does Tesla still own its Bitcoins after its recent moves?
Binance exec Tigran Gambaryan’s Nigerian nightmare draws to an end: a timeline
Chainalysis report analyzes global trends in crypto adoption
How BlackRock helped Bitcoin get its mojo back
The SEC authorizes the NYSE and CBOE to offer spot Bitcoin (BTC) ETF options trading
The Crypto Town Hall: 'Binance Blockchain Week 2024: A powerhouse event for crypto innovation'
Stripe in $1.1B Acquisition Deal for Stablecoin Platform Bridge
EigenLayer’s official X account hacked to promote fake airdrop
XRP : A 30% risk of losses as a result of the’appel of the SEC against Ripple
Stripe is well on its way to acquiring Bridge, a fintech specialist in cross-border payments in stablecoins
Former chief of IRS - Criminal Investigations: Ex-U.S. government agent 'without a doubt, is being held captive in a Nigerian prison'
Jailed Binance exec’s Nigeria trial postponed after he fails to come to court ― ‘He’s very sick’
Trump-Touted Crypto Website Crashes as Token Sale Goes Live, With Just 1.7% of Target Sold
How Coinbase’s Base dethroned Arbitrum as top Ethereum layer 2
MiCA: 67% of euro stablecoins now comply with the new directives
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.

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
More News

The European Union (EU) is intensifying its regulatory framework for cryptocurrencies with measures such as the Transfer of Funds Regulation (TFR), Markets in Crypto-Assets Regulation (MiCA), and the Travel Rule, according to Georg Brameshuber, a...

Feb 25, 2025

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.

Feb 25, 2025

The Comisión Nacional del Mercado de Valores (CNMV) has announced a list of warnings from international supervisors concerning unregistered entities providing financial and/or cryptocurrency services.

Feb 25, 2025

Bybit has announced that a sophisticated attack manipulated an Ethereum cold wallet transaction, resulting in significant losses.

Feb 24, 2025

The Federal Financial Supervisory Authority (BaFin) has issued a warning against the website amgfinancialeu.com, citing its provision of financial, investment, and crypto-security services without proper authorization.

Feb 24, 2025

Georg Brameshuber, a crypto advisor, said that cryptocurrency is more than just money; Bitcoin represents financial "sovereignty," with some countries embracing it while others resist its influence.

Feb 21, 2025