Bookmarking Crypto Insights
Auto Added by WPeMatico
In the aftermath of the $1.4 billion cybersecurity breach targeting centralized digital asset platform Bybit, onchain evidence reveals that perpetrators have systematically converted a fraction of the pilfered funds into bitcoin (BTC). Hackers Mask Tracks by Moving Bybit Heist Funds to Bitcoin This week, North Korea’s Lazarus Group orchestrated a cyber incursion against digital asset … Read more
Bybit, a major cryptocurrency exchange, has addressed the massive security breach that resulted in the theft of $1.4 billion in digital assets. Bybit Claims it Endured $1.4 Billion Digital Asset Theft With Swift Withdrawals and Strong Reserves Bybit officials say the hack took place on Feb. 21, 2025, when cybercriminals targeted Bybit’s ethereum wallets and … Read more
Bybit has launched a recovery bounty program offering rewards for retrieving stolen cryptocurrency funds. Crypto Exchange Bybit Initiates Recovery Bounty The Dubai-based cryptocurrency exchange, Bybit, has initiated a recovery bounty program following a security breach that compromised ETH valued at over $1.4 billion. The program promises a reward equal to 10% of recovered funds. The … Read more
North Korea’s Lazarus Group, a state-backed hacking collective renowned for its technical sophistication, executed the largest cryptocurrency theft in history by stealing $1.46 billion from Bybit, investigators confirmed. North Korea’s Lazarus Engineered History’s Largest Cryptocurrency Theft The Lazarus Group, a cybercrime unit linked to North Korea’s Reconnaissance General Bureau, leveraged advanced tactics to breach Bybit’s … Read more
Bybit scrambled to process over 350,000 withdrawal requests after a massive hack, with executives calling it possibly the worst financial breach ever. Bybit in Crisis Mode—350,000 Withdrawals Flood the System Ben Zhou, CEO of crypto exchange Bybit, provided an update on social media platform X on Feb. 21 regarding the company’s response to a recent … Read more
Following the Bybit hack, the team organized a livestream to deliberate on the recent billion-dollar hack that transpired on the exchange. Bybit’s founder Ben Zhao clarified that the platform was undergoing “massive withdrawals” but emphasized, “It’s not an issue—We have enough tokens to give to clients.” Moreover, in a calculated maneuver, a bridge loan secured … Read more
Ethereum faced steep losses Friday after a security breach at Bybit drained an estimated $1.4 billion from the exchange. Ethereum Faces 2.6K Low Following the Hack—Can Recovery Hold? Bybit’s CEO confirmed on Feb. 21, 2025, that the platform lost a large portion of its crypto reserves in the attack, which targeted ETH, mETH and stETH … Read more
On Friday, onchain investigators including Arkham Intelligence and Zachxbt identified an alleged “security incident” involving more than $1 billion in outflows from Bybit. Onchain Experts Report $1B+ Outflow From Bybit in Latest Security Incident The incident saw $1.4 billion in ETH and stETH funds exit the exchange as the assets were quickly moved to new … Read more
According to Kaspersky, the campaign started last December, targeting users who are downloading torrents of popular games with a silent install of XMRig, a monero mining program. Crypto Malware Targets Gamers: Monero Mining Payload Delivered via Popular Game Torrents Hackers are now targeting gamers, which have capable computers, with crypto-mining malware. According to Kaspersky, the … Read more
Jeremy Cahen has reportedly been put on a wanted list in Puerto Rico, while Barstool Sports owner Dave Portnoy shared a memecoin that later hit a value of nearly $250 million. Go to Source
