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ByBit Heist: Understanding the Impact on Crypto Regulation

The ByBit heist, which occurred on February 21, 2025, is regarded as one of the largest cryptocurrency heists ever executed, with North Korean hackers pilfering an astounding $1.5 billion in Ethereum from the Dubai-based exchange.This brazen act highlighted the vulnerabilities present in cryptocurrency security, as the hacks were facilitated by exploiting a free storage software and conducting sophisticated phishing attacks.

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