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Ethena, a rapidly growing venture in decentralized finance (DeFi) that is known for its USDe stablecoin, has recently been weathering a storm. The theft of funds from the Bybit exchange has caused Ethena’s share of USDe derivative hedging positions on the platform to plummet. At present, Ethena has a mere 14% of its USDe positions … Read more
The Bybit hack from February 2024 has left the crypto exchange with some serious problems to deal with. And in an update that must have surely left a bitter taste for the exchange’s employees and investors, Bybit’s CEO Ben Zhou confirmed that the hackers have successfully laundered around $280 million of the $1.4 billion they … Read more
Bybit has returned a $100 million loan, equal to 40,000 Ethereum (ETH), to Bitget after just three days—the cryptocurrency community was not expecting this! The loan was extended to Bybit when it was going through a tough time, and this rapid return of funds shows that Bybit is back and on the way to recovery. … Read more
Following a recent security breach, Bybit, one of the top cryptocurrency exchanges, has provided an official update regarding the hack that saw a significant amount of Ether (ETH) taken from its platform. The exchange’s CEO, Ben Zhou, has confirmed that all Ether losses have been covered and that funds taken by the hacker are in … Read more
Bybit, a leading cryptocurrency exchange, has expanded its product offerings with bbSOL, a SOL liquidity staking token that promises higher rewards for participants. The platform has dedicated substantial resources to promoting bbSOL, opening multiple Launchpools to facilitate mining and providing options for investors to optimize returns. This innovative product is modeled after Ethereum’s stETH, allowing … Read more
Bybit will continue honoring user withdrawal requests despite temporarily halting other services. Go to Source
Malaysia has ordered Bybit to halt its crypto exchange operations in the country, as regulators crack down on unregistered platforms. Bybit Faces Enforcement in Malaysia Over Unregistered Crypto Exchange Operations The Securities Commission Malaysia (SC) announced on Dec. 27 that it has taken enforcement measures against Bybit Technology Ltd. and its CEO, Ben Zhou, citing … Read more
Malaysia’s Securities Commission said that as of Dec. 27, Bybit complied with its demands to disable its platforms in the country. Go to Source
Crypto exchange Bybit will cease withdrawal and custody services for French users starting Jan. 8, 2025, citing regulatory changes, urging users to withdraw assets promptly to avoid disruptions. Bybit to End Withdrawals in France Bybit, a global cryptocurrency exchange, has announced it will no longer provide withdrawal and custody services to users in France, starting … Read more
Bybit will cease withdrawal and custody services for French users by Jan. 8, 2025, amid increased regulatory pressures. Go to Source
