The Chief Executive Officer of Hacken, Dyma Budorin, claims that crypto firms are still not serious about cybersecurity, despite big hacks such as the $1.4 billion hack of Bybit. He further added that the industry continues to be dependent on restricted steps like bug bounties and penetration tests. Instead of
Crypto exchange eXch will stop offering its products and services starting from May 1 this year due to allegations of money laundering. The firm was accused of being involved in laundering the funds stolen from the recent $1.4B Bybit hack. As per its latest notice released on April 17, the
With $3.61 billion in asset inflows in March, Bybit, the second-largest cryptocurrency exchange globally by trading volume, has made a spectacular return, taking back the No.2 rank in terms of trading volume. The most recent inflows demonstrate the efficacy of Bybit’s quick recovery strategies and its steadfast dedication to user security
For the 2025–2026 academic year, 300 students at St. Paul American Scholars (SPAS), a prominent international school in Korea, will receive $100,000 as part of a substantial scholarship program announced by Bybit, the second-largest cryptocurrency exchange in the world based on trading volume. This partnership, which includes both a monetary contribution and
Bybit CEO Ben Zhou has revealed on Thursday that 88.87% of the $1.4 billion stolen from the exchange remains traceable, despite efforts by North Korea’s Lazarus Group to obscure the funds using Bitcoin mixers. The stolen assets, including 500K ETH, were mostly converted into 12,836 BTC and spread across 9,117
The Bybit hack took a new turn as on-chain data tracker Ember reported that the hacker launched all the funds. Meanwhile, Bybit CEO Ben Zhou shared an executive summary on stolen funds. Out of the total stolen funds, 77% of them are still traceable, 20% of them went dark, and
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
