Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what’s estimated to be the largest crypto heist in history.

Plus: Apple turns off end-to-end encrypted iCloud backups in the UK after pressure to install a backdoor, and two spyware apps expose victim data—and the identities of people who installed the apps.

After FTX collapsed, Bybit CEO Ben Zhou told Bloomberg, “...we saw the opportunity.” Someone else saw an opportunity also, transferring nearly $1.5 billion in crypto out of a cold wallet. According to crypto researcher ZachXBT,