Bybit $1.4 Billion Breach Linked to Safe Wallet Vulnerability, Investigation Finds

Cryptocurrency exchange Bybit experienced a security breach resulting in the unauthorized transfer of over $1.4 billion in liquid-staked Ether (ETH) and MegaETH (mETH). The exchange reported unauthorized access to one of its Ethereum cold wallets on February 21, 2025.The incident took place during a multisignature transaction facilitated through Safe Wallet…