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
ZachXBT Ties Lazarus Group to Bybit Hack On-chain researcher ZachXBT has pointed to North Korea’s Lazarus Group as the culprit behind the recent Bybit hack. $1.46 billion in staked Ether and other ERC-20 tokens were stolen. Arkham Intelligence reported that ZachXBT provided irrefutable evidence linking the attack to the Lazarus
Pi Network recently addressed controversy over its legitimacy following accusations by Bybit CEO Ben Zhou. Zhou cited a 2023 warning from Chinese police. He claimed it was involved in fraud, targeting early investors and compromising user data. These comments caused PI Coin’s value to drop by more than 50% as
The Bybit hack worth $1.4 billion sent waves across the crypto industry. Hackers are coming up with the most advanced types of scams no matter how secure crypto exchanges are. To reverse the damage, Arthur Heyes suggested rolling back the Ethereum network to Vitalik Buterin on X. .@VitalikButerin will you
The Bybit hack, now the largest crypto breach in history, has sent shockwaves through the market. As the stolen ETH’s are moved and liquidated, Ethereum’s price has tumbled by more than 3.30%, raising concerns about further volatility. The hacker drained roughly 401,000 ETH worth $1.4 billion from Bybit’s cold wallets.
Bybit, one of the leading cryptocurrency exchanges, had a calamitous hack last Friday, during which about 401,000 ETH worth $1.4 billion was stolen. This has become the largest recorded heist in history. Ben Zhou, Bybit co-founder and CEO confirmed that the breach happened due to an advanced attack that exploited
Bybit is making rounds across the crypto media with its bold move of making liquidation data public. This marks the first time an exchange makes all of its liquidation data accessible to the public. Bybit established a new standard with this move in terms of transparency amidst increasing scams and
The Bybit Physical Card is the newest development in crypto-friendly spending from Bybit, the second-largest cryptocurrency exchange in the world based on trading volume. With its worldwide reach and features designed for both novice and seasoned cryptocurrency users, this development increases consumers’ accessibility and convenience while spending crypto. Global Spending Made
