A bad reputation could affect Ethereum’s investor sentiments, resulting in a negative impact on its price charts. As expected, this news has negatively impacted Ethereum’s price action. As of this writing, Ethereum was trading at $2705. This marked a 3.49% decline on daily charts.

Bybit said it successfully navigated the biggest cryptocurrency heist ever recorded, in which hackers stole about $1.5B in digital assets from the crypto exchange's ethereum cold wallet. Hackers stole over 400,

Bybit Faces Unprecedented Industry Response A major cryptocurrency exchange, Bybit, has suffered a massive security breach, leading to the theft of approximately $1.5 billion worth of Ethereum. The incident took place late Friday evening when hackers exploited a routine transfer of funds from a secure offline wallet to a daily-use wallet.