Bybit Recovers 7% Of Market Share After History’s Largest Crypto Attack


19h05 ▪
3
min read ▪ by
Fenelon L.

After experiencing the largest hack in crypto history in February 2025, the exchange Bybit managed to regain its initial market share of 7%. A remarkable feat, especially in a challenging economic context.

Close-up of a desk lit by a single screen. The Bybit engineer in the orange crypto security jacket, with a look of relief on his face.Close-up of a desk lit by a single screen. The Bybit engineer in the orange crypto security jacket, with a look of relief on his face.

The phoenix Bybit rises again after the historic theft of 1.4 billion $

On February 21, 2025, Bybit fell victim to a devastating cyberattack, losing over 1.4 billion dollars in crypto, primarily in liquid Ether (stETH) and Staked ETH Mantle (mETH). This colossal sum represented about 70% of the platform’s ETH reserves, as reported by the sophisticated hack that led…

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