A significant portion of the $1.4 billion in cryptocurrency stolen during Bybit hack by North Korea’s Lazarus Group has become untraceable, according to the exchange CEO Ben Zhou. In a tweet detailing the current status of the hacked funds – approximately 500,000 ETH – the exec reported that 27.59% have gone dark, largely due to […]
More Than a Quarter of Bybit’s Hacked Crypto Is Now Untraceable Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cryptocurrency exchange eXch will close down on May 1 after being accused of facilitating money laundering of funds stolen in the record-breaking Bybit hack. The firm made the announcement yesterday in a statement that cited pressure from law enforcement as the primary
Under Fire Over Bybit Hack Read More »
Privacy-focused cryptocurrency exchange eXch has confirmed it will officially terminate all operations effective May 1st, following escalating international scrutiny and mounting allegations of its role in laundering funds linked to the February Bybit hack. According to the team, the move comes after internal consensus among its leadership to “cease and retreat” rather than continue under
Accused of Laundering Crypto for Bybit Hackers, Platform Bows Out Read More »
Less than two months ago, the crypto exchange Bybit fell victim to one of the largest attacks in the crypto sector’s history, losing about $1.5 billion in ether (ETH) to cyber criminals. While the leading trading platform has recovered significantly from the effects of the attack, market experts have analyzed data that showed how it
How Did Bybit’s $1.5B Hack Affect the Crypto Market? An In-Depth Analysis Read More »
Key Notes Bybit recovers 7% of market share after $1.46 billion hack, regaining pre-hack levels. Hackers, linked to North Korea’s Lazarus Group, stole $1.4 billion in digital assets, mostly stETH and mETH. New security measures and partnerships, including with Zodia Custody, help restore investor confidence. Bybit, one of the world’s largest crypto exchanges, has bounced
Bybit Reclaims 7% Market Share After $1.46 Billion Hack Read More »
Key Notes Bybit will explore segregated crypto holdings for users with Zodia Custody. The deal will see users’ funds kept on Zodia while being able to trade on Bybit. Crypto exchanges are innovating and boosting security measures to prevent exploits. Bybit Fintech Limited has disclosed that it is ramping up its security after suffering a
Bybit Boosts Security with Zodia Custody Partnership Post-Hack Read More »
Decentralized exchange aggregator ParaSwap has rebranded to “Velora,” the company announced Thursday, signaling a major change in both name and platform. The move comes just two weeks after a close DAO vote on whether ParaSwap should return fees earned from swaps linked to the Lazarus Group’s Bybit hack. The relaunch introduces Delta v2.5, a system
ParaSwap Rebrands to Velora Following Tense DAO Vote on Bybit Hack Fees Read More »
Crypto is everywhere these days. It has become a part of everyday life for many tech-savvy professionals and investors. Whether you’re a trader, a gamer who plays games on platforms like 777bet fun, or simply sending crypto to your friends you must have heard about the recent major cybersecurity breach with Bybit. The recent Bybit
Bybit Exchange Hack: The Biggest Crypto Hack in History Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bitcoin price surge toward $87,000 has ignited a wave of short liquidations, forcing bearish traders to close their positions at a loss. In the last 24 hours, the total market liquidation passed $200,000, with the majority of this loss coming from
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bybit hack on February 21st has been described as the biggest crypto breach in history. According to the authorities’ final analysis, the popular crypto exchange lost over $1.4 billion in digital assets, primarily Ether. Hours after the successful hacking, it was
Bybit CEO Says 89% Can Still Be Tracked Read More »
