According to Bybit's holdings, that amounts to $1.5 billion in cryptocurrency that was stolen from Bybit and its customers, making this the largest ever cryptocurrency theft. However, as Molly White of Web3IsGoingGreat points out, the hacker can't exactly cash out $1.5 billion in Ethereum, because an amount that high would crash the value of ETH.

Following a security breach on its platform on Friday, crypto exchange Bybit announced that it suffered a hack where an attacker compromised one of its ETH wallets. The unidentified attacker has stolen about $1.44 billion worth of ETH, stETH, cmETH and mETH, splitting them across several wallets, per Nansen data.

The chief executive of the crypto exchange Bybit is assuring customers that the firm can meet all withdrawal requests following a massive cybersecurity incident.