Op risk data: Crypto hack bites Bybit; fat-finger flurry at Citi
Also: OKX gets AML scold, UK motor finance fiasco revs up. Data by ORX News
In a mind-blowing month for operational mishap, February’s most momentous loss was the result of a sophisticated $1.42 billion cyber attack by North Korean hackers on crypto exchange Bybit – a theft said to be the largest in history.
The hack was initially reported on February 21, 2025, with a loss to Bybit of approximately $1.46 billion in crypto assets. On February 23, the exchange announced it had recovered $42.9 million, bringing its total loss to $1.42 billion.
The hackers compromised the
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