Bybit has already paid more than $4 million to bounty hunters who helped trace and freeze some of the stolen funds.

According to Bybit's holdings, that amounts to $1.5 billion in cryptocurrency that was stolen from Bybit and its customers, making this the largest ever cryptocurrency theft. However, as Molly White of Web3IsGoingGreat points out, the hacker can't exactly cash out $1.5 billion in Ethereum, because an amount that high would crash the value of ETH.

Here's a quick recap of the crypto landscape for Friday (February 28) as of 9:00 a.m. UTC. Bitcoin and Ethereum price update Bitcoin (BTC) is currently trading at US$81,018, reflecting a 5.9 percent decrease over the past 24 hours.

One of the largest publicly-known thefts of cryptocurrency was conducted by North Korean hackers, according to the FBI, who stole $1.5 billion worth of Ethereum from a popular crypto exchange.