The Tor onion router is a web browser primarily used for anonymous internet surfing and protection against traffic analysis. Incidentally, the U.S. Navy originally designed Tor as a means to protect sensitive U.S. government information. Today, Tor Browser is synonymous with the dark web (also known as darknet browser), illicit activity, and free internet activists … Read more
Centralized cryptocurrency exchange Bybit is struggling to keep up with withdrawals following a hack that saw over $1.4 billion worth of Ethereum and related assets swiped early Friday. In a livestream following the incident, Bybit co-founder and CEO Ben Zhou said that the firm has “experienced massive withdrawals in the last two hours.” However, he … Read more
Bybit scrambled to process over 350,000 withdrawal requests after a massive hack, with executives calling it possibly the worst financial breach ever. Bybit in Crisis Mode—350,000 Withdrawals Flood the System Ben Zhou, CEO of crypto exchange Bybit, provided an update on social media platform X on Feb. 21 regarding the company’s response to a recent … Read more
Strategy co-founder Michael Saylor has suggested that the U.S. could purchase 20% of the Bitcoin supply “for free,” and that owning 4 to 6 million BTC would “pay off the entire national debt.” Appearing at the annual CPAC conference, Saylor spoke in favor of a strategic Bitcoin reserve, arguing that “the dollar would strengthen” if … Read more
Ben Zhou, Bybit CEO, assured the public that user funds were safe and that the platform could cover losses following the largest crypto exchange hack in history. Security veterans and concerned crypto community members rallied behind Bybit on Friday, Feb. 21, after the exchange lost over $1.4 billion to hackers. The largest-ever crypto exchange hack … Read more
Recent surveys reveal that 79% of FTX creditors intend to reinvest their reimbursements into cryptocurrencies, particularly Solana. Despite this optimistic outlook, the survey’s criteria raise concerns about its true representation of the broader creditor base. “The creditors’ clear inclination towards Solana could skew perceptions, making it challenging to gauge general crypto interest,” noted a COINOTAG … Read more
Ethereum co-founder Vitalik Buterin has argued that the collapse of Solana meme coin LIBRA is a teachable moment, taking it as “an example of why education is so important.” In a tweet, Buterin said that, “The recent news should be taken not as a reason to give up,” emphasizing the importance of education in the … Read more
OpenSea founder Devin Finzer announced that the SEC is closing its investigation into the NFT platform, calling it “a win for everyone” in the industry.
Jailed FTX co-founder Sam Bankman-Fried is aligning himself with the political right after his downfall, in an apparent bid for a presidential pardon. Bankman-Fried voiced frustrations with both the Biden administration and the judicial system that convicted him, in an interview with the New York Sun. The FTX co-founder’s rhetoric has taken a sharp turn … Read more
Lawmakers are demanding urgent FDIC action to end “debanking,” warning that unchecked regulatory power threatens financial access and could be weaponized against lawful businesses. 5 Recommendations to End ‘Debanking’: Congress Pressures FDIC to Act Now House Financial Services Committee Chairman French Hill, along with Representatives Dan Meuser, Andy Barr, and Bryan Steil, have urged the … Read more