Ethereum Price Tumbles After Billion-Dollar Bybit Breach

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Ethereum faced steep losses Friday after a security breach at Bybit drained an estimated $1.4 billion from the exchange. Ethereum Faces 2.6K Low Following the Hack—Can Recovery Hold? Bybit’s CEO confirmed on Feb. 21, 2025, that the platform lost a large portion of its crypto reserves in the attack, which targeted ETH, mETH and stETH