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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A former payroll processing staff member at Bybit, Ho Kai Xin, has recently been sentenced to nine years and 11 months in jail on February 20. The charges stemmed from her fraudulent activities that involved defrauding ByBit Fintech, a Seychelles-based cryptocurrency exchange, of over $5.7 million. The Charges And How The Fraud Happened According to … Read more
From rapid withdrawals to social media’s real-time breakdown, here’s how Bybit’s record-breaking $1.4 billion hack took shape.