There has been another crypto heist and this time, it's the biggest one in history. Here's everything you need to know about the Ethereum theft.

The Bybit exchange lost 400,000 in ETH, or about $1.4 billion, before the price began to slide, making it the biggest crypto-related hack in history.

The SEC had settled a case with Ripple, another San Francisco-based crypto company, last year for $125 million over selling unregistered securities. A separate suit with the SEC remains ongoing, and because of its complex nature and ongoing appeals, it's not as easy for the agency to drop as the Coinbase litigation.

The SEC has moved quickly to overhaul its approach to policing the crypto sector under Republican leadership since President Donald Trump took office.

If approved, the deal would cap a nearly two-year-long legal battle between America’s largest crypto exchange and the SEC, which had been a marquee case in the federal government’s now-crumbling crackdown on crypto.