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Bybit exploit exposes security flaws in centralized crypto exchanges
The $1.4 billion hack was caused by similar attack vectors as the $230 million WazirX hack and the $58 million Radiant Capital hack, according to Cyvers.
Published on: February 22, 2025 | Source:
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Crypto Exchanges Start to Fill Bybit's $1.4B Hole as Hackers Move Stolen Funds
"At Bitget we strongly believe in supporting the community and everyone contributing towards the growth of crypto," company CEO Gracy Chen told CoinDesk.
Published on: February 22, 2025 | Source:Bybit processes all withdrawals, system returns to ‘normal pace’ — Ben Zhou
Bybit CEO Ben Zhou said that withdrawals have returned to a “normal pace” after the major exploit that drained $1.5 billion from the exchange.
Published on: February 22, 2025 | Source:Arthur Hayes Floats the Idea of Rolling Back Ethereum Network to Negate $1.4B Bybit Hack, Drawing Community Ire
"I would support it because we already voted no on immutability in 2016," Hayes said on X, while Ethereum community strongly criticized it.
Published on: February 22, 2025 | Source:Blockchain gaming market is a ‘game of musical chairs’ — Gunzilla exec
Gunzilla Games Web3 director says the biggest problem in blockchain gaming is the lack of “new money coming into the system.”
Published on: February 22, 2025 | Source:Bitcoin price steadies as large holders curb profit-taking in February
Bitcoin’s realized profits for large holders—addresses holding 10-100 BTC, 100-1K BTC, and 1 K—10 K BTC—declined steadily in February 2025. Data from CryptoQuant showed a significant spike in the second half of January, which saw up to $3 billion in realized profits. However, since January, these holders have progressively realized fewer profits, with February showing […] The post Bitcoin price steadies as large...
Published on: February 22, 2025 | Source:SEC drops investigation into NFT marketplace OpenSea
OpenSea founder Devin Finzer announced that the SEC is closing its investigation into the NFT platform, calling it “a win for everyone” in the industry.
Published on: February 22, 2025 | Source:Kraken, Crypto.com among exchanges planning stablecoin launches in EU
Kraken and Crypto.com are among crypto exchanges developing their own stablecoins in response to the EU’s new regulatory framework, which is set to tighten oversight on third-party issuers, Bloomberg News reported on Feb. 21. The move comes as the Markets in Crypto-Assets (MiCA) regulation, which took effect in January, introduces stricter compliance measures for stablecoin […] The post Kraken, Crypto.com among...
Published on: February 22, 2025 | Source:Altcoins begin to Send, SEC to drop Coinbase Lawsuit, KAITO & IP soar!
BTC nears $100k, ETH continues to outperform. Altcoins start to send as meme activity fades. SEC lawsuit vs Coinbase set to be dropped. 1m BTC reserve may offset $21T debt: VanEck. US will buy 4.2m BTC for reserves: Saylor. Arizona BTC reserve bill heads to Senate. Utah BTC reserve bill to be voted on in May. IP up 150% this week, leads new altcoins. Sonic weekly DEX volume rises 85%, S up 60%. Several countries...
Published on: February 22, 2025 | Source:Franklin Templeton Joins Growing Pile of Solana ETF Applicants
Asset manager Franklin Templeton is seeking SEC approval for funds based on the performance of Solana, the sixth-largest coin by market cap.
Published on: February 21, 2025 | Source:North Korea’s Lazarus Group now using crypto gifts to breach security defenses
The North Korean-linked Lazarus Group has adopted a new method of breaching crypto firms: sending cryptocurrency to their targets as part of an elaborate social engineering scheme. According to 23pds, the pseudonymous Chief Information Security Officer (CISO) at Web3 security firm SlowMist, this tactic aims to gain the victim’s trust before deploying malicious code. 23pds […] The post North Korea’s Lazarus Group now...
Published on: February 21, 2025 | Source:India’s SuperGaming Launching B3 Gamechain via Ethereum’s Base Network
The B3 gaming network on Ethereum layer-2 Base will host a dedicated chain built by Indian game publisher SuperGaming.
Published on: February 21, 2025 | Source:Bybit CEO Labels Pi Network a Scam, Citing Official Police Warning
The token is down by more than 60% since launch.
Published on: February 21, 2025 | Source:SEC's Coinbase Reversal Is Only the Latest Pro-Crypto Shift Under Trump
The SEC is abandoning cases and shaping new rules for the industry, reflecting the Trump administration’s more crypto-friendly approach.
Published on: February 21, 2025 | Source:North Korean Hackers Were Behind Crypto's Largest 'Theft of All Time'
Lazarus Group was behind Bybit's $1.5 billion hack on Friday, Arkham Intelligence said, citing ZackXBT.
Published on: February 21, 2025 | Source:Senators press SEC for clarity on crypto ETP staking restrictions
A group of US senators, led by Cynthia Lummis, has urged the Securities and Exchange Commission (SEC) to clarify its position on protocol staking in crypto exchange-traded products (ETPs) in a Feb. 20 letter. The lawmakers are seeking answers regarding the exclusion of staking from ETP issuers’ S-1 filings, which they argue impacts the competitiveness […] The post Senators press SEC for clarity on crypto ETP staking...
Published on: February 21, 2025 | Source:US crypto index ETFs off to slow start in first days since listing
Newly launched funds holding Bitcoin and Ether have so far seen scant interest from investors.
Published on: February 21, 2025 | Source:Solana vs Ethereum, a tale of two blockchains — Which will be the victor?
When it comes to crypto, value is determined by price, utility and users. Based on these metrics, is Solana or Ethereum winning the battle to be the best blockchain?
Published on: February 21, 2025 | Source:North Korea's Lazarus Group Behind Bybit's $1.4 Billion Ethereum Hack: Arkham
On-chain sleuthing linked Friday's $1.4 billion hack of crypto exchange Bybit to North Korea's Lazarus Group, Arkham Intelligence said.
Published on: February 21, 2025 | Source:Trump’s tariffs may lead to savings for Americans through tax cuts: Research
Prior to the 16th Amendment, which was ratified in 1913, the United States did not have a permanent income tax levied on citizens.
Published on: February 21, 2025 | Source:Pump.fun sees decline in fees, users, and token launches after LIBRA incident
Following the controversy around the LIBRA token, Solana-based token launchpad Pump.fun registered significant decreases in weekly values for new users, token launches, and fees collected. According to a Dune Analytics dashboard by user evelyn233, the number of new users onboarded in the launchpad fell 16.4% to 601,516 from 719,524 between Feb. 7 and Feb. 13.This […] The post Pump.fun sees decline in fees, users, and...
Published on: February 21, 2025 | Source:ZachXBT identifies Lazarus Group as behind Bybit $1.4B hack, wins Arkham bounty
After the Bybit exchange was hacked for over $1.4 billion, the crypto community on X reacted with support and security advice for users.
Published on: February 21, 2025 | Source:My Top 3 Takeaways From Fidelity And Voltage’s Recent Lightning Report
Nostr users have been zapping up a storm while ARK shows that the Lightning Network’s capabilities can be expanded upon.
Published on: February 21, 2025 | Source:Plunging U.S. Stocks Help Add to Crypto's Bad Day
The week's uptrend was quickly upended by the hack at crypto exchange Bybit.
Published on: February 21, 2025 | Source:Bitcoin comes back to life — Does data support a rally to $100K and higher?
Bitcoin price staged a recovery this week, but data shows traders reducing their appetite for risk.
Published on: February 21, 2025 | Source:Lawmakers Prepare for Key Crypto Hearings on Capitol Hill
The hearings in both chambers of Congress will contemplate CBDCs, stablecoins, and market structure legislation.
Published on: February 21, 2025 | Source:Coinbase’s Political Spending Leads to Legal Victories—And Billions in Value
Since doubling down on political spending last year, crypto exchange Coinbase has reaped major wins, including a claimed SEC agreement to drop charges.
Published on: February 21, 2025 | Source:Saylor calls on US to buy 20% of Bitcoin supply to strengthen dollar and offset debt
Strategy co-founder Michael Saylor has urged the US government to acquire up to 20% of Bitcoin’s (BTC) total supply, arguing that doing so could strengthen the dollar and potentially offset the national debt. Speaking at the Conservative Political Action Conference (CPAC) on Feb. 20, Saylor positioned Bitcoin as a strategic asset, cautioning that if the […] The post Saylor calls on US to buy 20% of Bitcoin supply to...
Published on: February 21, 2025 | Source:Florida Woman Accused of $850K Trump Solana Meme Coin Theft, Faces Deportation
Maissa Jebali faces charges of theft and fraud, and potential deportation after allegedly transferring the TRUMP tokens to her own wallet.
Published on: February 21, 2025 | Source:Recent crypto liquidation scared off YouTube’s retail audience: Ran Neuner
Ran Neuner, founder of Crypto Banter, says recent crypto liquidations have scared off some retail investors.
Published on: February 21, 2025 | Source:The LIBRA scandal exposed: Is the memecoin market rigged against you?
The latest Cointelegraph video unveils how the recent fiasco around LIBRA sheds light on widespread fraud in the memecoin markets.
Published on: February 21, 2025 | Source:U.S. Marshals Service Can't Say How Much Crypto It Holds, Complicating Bitcoin Reserve Plan
The agency has been plagued with procedural and organizational issues for years.
Published on: February 21, 2025 | Source:The Libra scandal continues, ‘manufactured’ Bitcoin price action: Finance Redefined
Argentina's Libra scandal continues to unfold, and Bitcoin’s two-month crab walk has raised “price suppression” concerns among industry leaders, such as Samson Mow.
Published on: February 21, 2025 | Source:Altcoin season potentially underway but remains limited by market liquidity challenges – CryptoQuant
The 90-day moving average of altcoin trading volume on centralized exchanges has risen since mid-November, potentially signaling the start of an altcoin season, according to CryptoQuant. CryptoQuant CEO and founder Ki Young Ju shared data showing the trading volume ratio of altcoins compared to Bitcoin (BTC) rose from 1.77 to 2.77 as of Feb. 20. […] The post Altcoin season potentially underway but remains limited by...
Published on: February 21, 2025 | Source:‘Alt season has begun’: CryptoQuant CEO
This time, the season will be likely driven by stablecoin holders, rather than a rotation out of Bitcoin, he said.
Published on: February 21, 2025 | Source: