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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Lazarus Group Becomes $1B Bitcoin Whale After Converting: Arkham
The Lazarus Group, which was responsible for the recent $1.5 billion Bybit hack, now holds 13,518 BTC worth $1.13 billion, according to Arkham Intelligence. This could make North Korea the…
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…
Beyond Hacks: Vitalik Buterin Calls for Wallet Solutions to Address Crypto Loss
As discussions around crypto fraud intensify following the recent $1.5 billion Bybit hack, Ethereum co-founder Vitalik Buterin is urging the industry to recognize another major risk. According to him, while…
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…
Infini Suffers $49M Exploit in Stablecoin Heist
Stablecoin Bank Infini has suffered a security breach that resulted in the theft of over $49 million in USDC. On-chain tracking platforms identified that the attack happened due to an…
Crypto Exchange eXch Denies Laundering Bybit Hack Funds for Lazarus Group
Non-KYC centralized exchange eXch has denied accusations that it’s laundering funds from the Bybit hack on behalf of the Lazarus Group. This was in response to social media accusations that…
Bybit Hack Fallout: Arthur Hayes, Samson Mow Push for Ethereum Rollback
In what is considered now the largest hack within the cryptocurrency industry, Bybit’s hot wallet was compromised when trying to complete a legitimate transfer, and roughly $1.5 billion, mostly in…
ByBit Lost 70% Of Ethereum Holdings To Hacker, Says CEO
Bybit CEO Ben Zhou confirmed in a Friday livestream that the $1.5 billion hack against his crypto exchange lost the firm the vast majority of its customers’ ETH holdings. “I…