{"id":221353,"date":"2025-02-26T00:29:06","date_gmt":"2025-02-26T00:29:06","guid":{"rendered":"https:\/\/globetimeline.com\/ar\/politics\/rewrite-this-title-in-arabic-crypto-platform-bybit-closes-1-5-billion-gap-following-largest-crypto-heist-of-all-time\/"},"modified":"2025-02-26T00:29:07","modified_gmt":"2025-02-26T00:29:07","slug":"rewrite-this-title-in-arabic-crypto-platform-bybit-closes-1-5-billion-gap-following-largest-crypto-heist-of-all-time","status":"publish","type":"post","link":"https:\/\/globetimeline.com\/ar\/politics\/rewrite-this-title-in-arabic-crypto-platform-bybit-closes-1-5-billion-gap-following-largest-crypto-heist-of-all-time\/","title":{"rendered":"rewrite this title in Arabic Crypto platform Bybit closes $1.5 billion gap following \u2018largest crypto heist of all time\u2019"},"content":{"rendered":"<p>Summarize this content to 2000 words in 6 paragraphs in Arabic<br \/>\n        A Dubai-based crypto exchange lost $1.5 billion to hackers in what is being called the biggest digital heist of all time.<br \/>\n    ADVERTISEMENTA crypto platform says it has closed a $1.5 billion (\u20ac1.4 billion) gap in funds stolen by hackers earlier this week in what a research firm called the \u201clargest crypto heist of all time\u201d.\u00a0The Dubai-based crypto platform Bybit said on X an attacker gained control of the exchange\u2019s Ethereum wallet on February 21 as they were doing a routine transfer from a \u201ccold\u201d offline wallet to a \u201chot\u201d online one. Ethereum is a popular type of cryptocurrency.The funds were then transferred to an unknown address.\u00a0The company said it locked down systems, secured funds, and collaborated with cybersecurity experts as soon as its team discovered the hack.It also offered a 10 per cent reward to security experts who helped to recover the funds, which could be up to $140 million (\u20ac134 million).\u2018Unprecedented show of solidarity\u2019The response was quick: crypto platforms and brokerages froze over $42.89 million (\u20ac41 million) in suspicious transactions to help Bybit recover those funds.Crypto insight app Lookonchain said Bybit received roughly 446,870 in Ethereum (\u20ac1.17 billion) through loans, whale deposits, and currency purchases after the attack.\u00a0Three days later, an independentaudit found that Bybit had closed the gap of Ethereum assets in just under 72 hours with support from other crypto trading platforms and brokerages.\u00a0The companysaid that the \u201cunprecedented show of solidarity\u201d has improved its resilience and \u201claid the foundation for stronger industry-wide measures to counter and prevent future hacking incidents\u201d.\u00a0North Korean group could be responsible, reports sayBlockchain research firm Elliptic wrote in areport on Feb. 23 that this hack was more than double the last big hack, in which $611 million (\u20ac587 million) was stolen from the Poly Network in 2021. The report added that most of those funds were later returned by the hacker who stole them.\u00a0Elliptic, which is working with Bybit to recover the stolen money, pointed to North Korea\u2019s Lazarus Group as a possible perpetrator of the attack.\u00a0The group\u2019s laundering process starts by exchanging any stolen tokens for a blockchain asset like Ether, which Elliptic says \u201chappened in the minutes following the Bybit theft,\u201d as \u201chundreds of millions of dollars in stolen tokens \u2026 were exchanged for Ether\u201d.\u00a0Lazarus then conceals the stolen funds through \u201clayering,\u201d which makes the transactions harder to follow, such as by sending the stolen money to a high number of crypto wallets.\u00a0Elliptic says Lazarus is \u201ccurrently engaged in this second stage\u201d after stolen funds were sent to \u201cfifty different wallets,\u201d and 14.5 per cent of the stolen assets, worth $195 million (\u20ac187 million), were systemically emptied from these wallets as of February 24.\u00a0The Bybit theft is the latest in a series of thefts in the crypto industry, which totals more than $2 (\u20ac1.9 billion) inlosses in 2024, according to Reuters.\u00a0ADVERTISEMENTEuronews Next contacted Bybit for an update on the investigation and its fund recovery but did not receive an immediate response.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summarize this content to 2000 words in 6 paragraphs in Arabic A Dubai-based crypto exchange lost $1.5 billion to hackers in what is being called the biggest digital heist of all time. ADVERTISEMENTA crypto platform says it has closed a $1.5 billion (\u20ac1.4 billion) gap in funds stolen by hackers earlier this week in what<\/p>\n","protected":false},"author":1,"featured_media":221354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[],"class_list":{"0":"post-221353","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/221353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=221353"}],"version-history":[{"count":1,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/221353\/revisions"}],"predecessor-version":[{"id":221355,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/221353\/revisions\/221355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media\/221354"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=221353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=221353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=221353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}