Bybit hackers have resumed laundering stolen funds. On March 2, they moved another 62,200 ETH, worth $138 million. This marks a significant increase in laundering activity. Of the 499,000 ETH stolen on February 21, only 156,000 ETH remains unprocessed. Analysts predict the remaining funds will be cleared within three days.
The recent Bybit hack of $1.5 billion theft of ETH is still circling across social platforms. On the other hand, Pi Network has become the talk of the town with its significant market price surge. However, both of these crypto entities are standing in the headlines combinedly for different reasons.
Although the cryptocurrency market is establishing camp at the bearish end of the zone, it remains active. The past day’s highlight was the Solana ETF being listed on DTCC. Another notable factor was Bitcoin’s fall to $84K, which the community members are seeing as an opportunity to ‘buy the dip’.
Another update regarding the Bybit hack is making rounds across the media. The hacker who stole $1.5 billion worth of Ethereum from Bybit has already made 20% of it disappear. Hackers are using advanced tactics to perform social engineering hacks and money laundering. Thus, crypto firms and exchange platforms must
The crypto market is facing serious challenges with uncertain macroeconomic conditions. Trump’s election brought a renewed hope into the market in 2024 and led to a short bull run by the end of the year. However, with the new tariffs and several US states rejecting Bitcoin reserve bills, the market
In a statement made on February 25, Bybit said that it had registered with the Indian government and that all services had been restored to customers in the nation. The registration follows Bybit’s January 31st penalties of 9.27 crore rupees ($1.06 million) for a violation of the Prevention of Money
Bybit’s recent hack involving $1.5 billion worth of ETH is still making rounds in the industry. The exchange bounced back sooner than expected by closing the ETH deficit within a couple of days. However, several industry players are planning to uncover the hack to take measures against these types of
Bybit quickly recovered from the recent hack of $1.5 billion worth of funds. The exchange fell prey to hackers despite being the secure and top-second crypto exchange platform in the industry. Its quick recovery to offer continuous support to users is setting an example to other crypto platforms in the
The recent Bybit hack shook the crypto industry, wiping around $1.5 billion worth of ETH from the exchange. Despite the huge loss, the exchange maintained its composure and addressed the issue at the earliest possible. It even restored the liquidity, allowing users to withdraw within a couple of days. Meanwhile,
Non-KYC crypto exchange eXch has denied accusations of laundering funds from the $1.4 billion Bybit hack, despite blockchain analysts linking stolen assets to its platform. While eXch admitted that some funds from the hack were processed, it insisted the case was “isolated.” Bybit suffered one of the largest crypto thefts
