How Did Bybit’s $1.5B Hack Affect the Crypto Market? An In-Depth Analysis
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…
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EU Regulators Probe OKX’s Web3 Role in Bybit Crypto Laundering Case
European regulators are closely examining the role of OKX in laundering funds from a massive cyber heist on Bybit. National regulatory bodies across the European Union deliberated on the issue…
Bybit Hacker Reportedly Launders Entire $1.4B Loot in Just 10 Days
The hacker behind the $1.39 billion Bybit exploit is said to have successfully laundered all the 499,000 ETH in just ten days. Despite blockchain analytics firms, law enforcement agencies, and…
Binance Users Targeted in Latest SMS Spoofing Scam
Several Binance users have reported falling victim to an SMS spoofing attack. The phishing text appeared within Binance’s official message thread, making it nearly indistinguishable from legitimate communications. User Reports…
US Authorities Seize $31M in Crypto Tied to Uranium Finance Hack
US authorities have made significant progress in combating cryptocurrency-related crime by seizing approximately $31 million linked to the 2021 Uranium Finance hack. The announcement was made by the US Attorney’s…
Internal Conflict at Thorchain as North Korean Hackers Leverage Network for Crypto Laundering
Thorchain, the interoperability-focused decentralized exchange protocol, is losing key developers as internal disagreements escalate over how to handle illicit funds flowing through the network. The issue gained urgency after reports…
FBI Links $1.5 Billion Bybit Hack to North Korea’s Lazarus Group
The Federal Bureau of Investigation (FBI) has officially attributed the recent $1.5 billion cyberattack on cryptocurrency exchange Bybit to North Korea’s state-sponsored Lazarus Group. The attack, which occurred on February…
CZ Criticizes Safe Wallet’s Post-Mortem on Bybit Hack
Former Binance CEO Changpeng Zhao (CZ) has criticized Safe Wallet’s post-mortem update on the Bybit hack, calling it “not that great” and raising concerns about how attackers tricked multiple signers.…
Bybit Hack: Thief Washes 18% of $1.4B Haul in 60 Hours
The attacker behind the massive Bybit exploit has already laundered 18% of the stolen funds in just 60 hours. They are reportedly using THORChain for cross-chain swaps, moving at breakneck…
Bybit’s ETH Reserves Rebound, But Bitcoin and USDT Holdings See Major Declines
Bybit suffered a significant security breach last Friday, losing 401K ETH – worth around $1.4 billion – in one of the largest crypto heists in history. The attack has been…