Huge hack on BitBit exchange results in $1.4 billion Ethereum theft. Stay secure by moving assets to decentralized wallets.
Following the hack of BitBit exchange, reports indicate that the hacker managed to steal $1.4 billion worth of Ethereum (ETH) and staked Ethereum (stETH). This comes as Vitalik Buterin, the creator of Ethereum, holds around $640 million worth of Ethereum in his wallet. According to ZachXBT, this theft is considered one of the largest hacks in the history of centralized exchanges. While investigations into this attack continue, security experts advise users to transfer their assets to decentralized wallets to remain safe from similar risks.
