A $1.4 billion hack at Bybit prompted former Binance CEO Changpeng Zhao, known as CZ, to commend Bybit’s chief executive, Ben Zhao, for his transparent and measured response. Massive Bybit Hack Spurs CZ to Warn: ‘We Should Never Take Security for Granted’ The breach, linked to sophisticated North Korean hackers, targeted Bybit’s multi-sig cold storage. … Read more
Ethereum’s native token, Ether (ETH), has rallied over 12% since slumping to $2,460 on Feb. 3, following the crypto market’s drawdown. While most altcoins have struggled to master meaningful recovery, ETH has received plaudits for its bullish outlook. With sentiment turning in favor of the largest altcoin, one analyst believes that ETH is “destined” for … Read more
Dogecoin (DOGE) is making strides toward recovery following a recent major disruption in the market, caused by a $1.4 billion theft from the Bybit exchange. In just one day, over $566 million in positions were liquidated, resulting in heightened market volatility. Nevertheless, some altcoins have shown resilience, and forecasts suggest that Dogecoin could soar to … Read more
Ho Kai Xin, a former payroll processing staff member at WeChain Fintech Singapore, has been sentenced to nine years and 11 months in jail for embezzling over $5.7 million. WeChain Fintech Singapore, which was contracted to manage payroll for Bybit Fintech, employed Ho as a payroll processing staff member. Ho, who was responsible for processing … Read more
“With this level of unity in this space, we know we’ll come back even stronger,” CEO Ben Zhou said following the outpouring of support.
The market growth has not lasted long, and most of the coins are back to the green zone, according to CoinStats. BNB chart by CoinStats BNB/USD The rate of Binance Coin (BNB) has dropped by 0.87% over the last day. Image by TradingView Despite today’s fall, the price of BNB is near the local resistance of $659.97. … Read more
Following the massive Bybit hack on Feb 21, 2025, in which hackers stole about $1.4 billion worth of ethereum (ETH) from the exchange’s cold wallet, a contentious debate has emerged within the crypto community regarding whether to roll back the Ethereum blockchain to reverse the theft. Ethereum’s 2025 Crisis: Reverse $1.4B Hack or Fund Terror? … Read more
First WazirX, then Phemex, and now Bybit—three major crypto hacks in a short span. The latest breach, a staggering $1.4 billion heist, has raised serious concerns about security, leaving users worried about their funds. Binance Co-Founder Changpeng Zhao (CZ) has now weighed in, warning about the rising number of hacks and stressing the need for … Read more
The record-breaking $1.4 billion Bybit hack displays the “increasingly creative exploits” seen in the crypto industry, Halborn’s co-founder told Cointelegraph.
The $1.4 billion Bybit hack has sparked chaos in the crypto community, triggering massive asset transfers to and from the exchange. In a surprising turn of events, billions of tokens, including Bitcoin and Ethereum, have been transferred to Bybit as a show of support. However, Binance CEO Changpeng Zhao has denied Binance’s involvement in the … Read more