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
The market is mostly falling today, according to CoinStats. Top coins by CoinStats SOL/USD The rate of Solana (SOL) has declined by 2% over the last day. Image by TradingView On the hourly chart, the price of SOL might have set a local resistance level of $174.14. If the daily bar closes far from that mark, traders … Read more
The recent surge of the OFFICIAL TRUMP ($TRUMP) token, launched by U.S. President Donald Trump, has set a precedent for meme coins achieving remarkable market valuations. Within a day, the $TRUMP token exploded from $6 to over $70, reaching a market cap of over $14 billion. $TRUMP undeniably made numerous early investors millionaires. Building on … Read more
Strategy founder Michael Saylor has spoken in favor of the United States having a strategic Bitcoin reserve, suggesting that it should acquire 20% of the BTC network. “There’s only room for one nation-state to buy up 20% of the network, and obviously, I think it should be the United States, I think it will be … Read more
The $1.4 billion hack represents the single biggest crypto heist in history as the North Korean Lazarus hacking group strikes again.
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
The U.S. Securities and Exchange Commission (SEC) is closing its investigation into major non-fungible token marketplace OpenSea, the platform’s founder and CEO Devin Finzer said on social media. The regulator issued a Wells notice against OpenSea in August 2024, indicating it was planning on pursuing an enforcement action against it. The regulator alleged the platform … Read more
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