The recent $1.5 billion hack of Bybit, which occurred on February 21, 2025, is now recognized as the largest hack in cryptocurrency history. CEO Ben Zhou responded swiftly to the incident, launching an extensive recovery effort within 30 minutes of discovering the breach. The hack has prompted discussions among cybersecurity experts, with various panels and discussions scheduled at upcoming events such as #SEABW2025 and #DAS2025. Notable figures in the industry, including CertiK's Chief Security Officer Kang Li and Halborn Security's Sales Director Scott Renna, are set to share insights on Web3 and DeFi security, as well as the implications of the Bybit incident. Additionally, a detailed breakdown of the hack has been provided by Halborn Security, which outlines how the attack unfolded and potential preventative measures. The incident has raised concerns about the security of cold wallets and the vulnerabilities within existing processes, as highlighted by Fireblocks' Shahar, who emphasized the ambush nature of the attack.