Bybit: A crypto exchange, Bybit, announced Friday that a hack attack related to a cold wallet caused a loss of 401,346 Ethereum ($1.4 billion). Chief Executive and co-founder Ben Zhou announced on X that the theft is only related to the Ethereum cold wallet, stating, "warm wallet and all other cold wallets are fine." According to Anadolu Agency, Zhou assured that Bybit remains solvent despite the significant loss. "Bybit is Solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," he emphasized. Tom Robinson, co-founder and chief scientist of crypto security firm Elliptic, commented on LinkedIn about the scale of the theft. "Almost $1.5 billion in crypto was stolen from Bybit today. That makes it by far the largest crypto heist of all time." He also mentioned the potential magnitude of the theft, stating, "It's also potentially the largest single theft of any kind, ever." Robinson highlighted that Elliptic is actively engaging with exchanges and law e nforcement agencies to trace and freeze the stolen funds.