The world's second-largest crypto exchange Bybit suffered an exploit Friday that saw it drained of about $1.4 billion worth of ethereum and staked ether.

In a brazen heist, an unknown number of hackers have reportedly pulled off what may amount to the largest theft of cryptocurrency in history. In a statement posted to X, formerly Twitter, crypto exchange Bybit revealed it had been the victim of the attack,

The Lazarus Group has been implicated in several high-profile cryptocurrency thefts in recent years, including the $600 million Ronin Network hack in 2022 and last year's breach of Japan’s DMM Bitcoin exchange, which resulted in a $300 million loss. If confirmed, this would mark one of the most significant heists attributed to the group.