Crypto markets took a hit after a reported $1.4 billion hack on Bybit, one of the biggest exchanges globally. Over $566 million in liquidations struck in 24 hours, mostly targeting long positions.

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The Ethereum price is again under pressure after Bybit snatched $1.5 billion in ETH in the largest hack in crypto history.

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Ben Zhou, Bybit's CEO, said that the hack had affected around 401,000 Ethereum and sparked a surge in withdrawal requests.

Bybit's Ether reserves are back to nearly 50% of pre-hack levels within two days since losing $1.4 billion to the largest cyberattack ...

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