Call for "roll back" by some, to negate Bybit hack, immediately provoked a fierce reaction from the Ethereum community, which was firm in its belief that it wouldn't happen.
The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to access frozen funds.
In the largest hacking event in the history of the cryptocurrency industry, Bybit has lost approximately $1.4 billion in stETH, mETH, and ERC-20 tokens. The incident has sent shockwaves across the industry. It proves that even centralised exchanges with strong security tools are vulnerable to cyberattacks. Top blockchain security analysts, including Arkham Intelligence, suspect the …
"At Bitget we strongly believe in supporting the community and everyone contributing towards the growth of crypto," company CEO Gracy Chen told CoinDesk.
The recent Bybit hack of $1.5 billion has raised serious security concerns, with reports confirming the attackers used a highly sophisticated method to drain millions in crypto assets. Crypto analyst David Leung has provided a detailed breakdown of how the attack unfolded, revealing major lapses in Bybit’s security. Arkham reports that the hack happened through …
I would support it because we already voted no on immutability in 2016, Hayes said on X. Others are worried that a potential rollback would hurt the Ethereum ecosystem.
In what’s being called the biggest crypto hack in history, the notorious North Korean hacker group Lazarus has been linked to the massive $1.5 billion exploit on Bybit. Blockchain intelligence firm Arkham Intelligence confirmed the group’s involvement, citing evidence from onchain sleuth ZachXBT. The attackers executed the breach using a method known as “Blind Signing,” …
Lazarus Group was behind Bybit's $1.5 billion hack on Friday, Arkham Intelligence said, citing ZackXBT.
Bybit CEO has said that the exchange is solvent and withdrawals remain open.
Bybit was hacked today for around $1.4 billion in ether (ETH) and staked ether (stETH). Blockchain analyst ZachXBT first flagged the suspicious outflows, confirming the breach through his sources. Bybit’s CEO, Ben Zhou, later confirmed the attack, stating the hacker gained control of one specific cold wallet, transferring all its ETH. The Largest Crypto Hack …
February 21, 2025 17:01:16 UTC Safe Wallet Pauses Features Amid Bybit Investigation Safe’s security team is collaborating with Bybit on an ongoing investigation. Although there is no evidence that the official Safe frontend was compromised, the Safe Wallet is temporarily pausing certain functions as a precaution. SlowMist noted that the situation bears similarities to the …
The crypto market experienced a significant downturn after Bybit, a prominent cryptocurrency exchange, announced a devastating hack involving $1.5 billion worth of cryptocurrencies. This incident marks the largest crypto hack to date. Recent updates, including statements from the CEO, confirm that Bybit was compromised, resulting in the loss of approximately $1.5 billion in Ethereum. Bybit …
The move happened as crypto exchange Bybit saw a sudden $1.4 billion worth of ETH outflow.
A portion of staked ether is currently being liquidated on decentralized exchanges.
In a latest update, the Securities and Exchange Commission today announced the creation of the Cyber and Emerging Technologies Unit (CETU) to focus on combatting cyber-related misconduct and to protect retail investors from bad actors in the emerging technologies space. The CETU, led by Laura D’Allaird, replaces the Crypto Assets and Cyber Unit and is …
In a recent incident, Hackers took over the Saudi Law Conference’s X account, impersonating Crown Prince Mohammed bin Salman to promote fake cryptocurrencies. Notably, the scammers used the crown prince’s name and image to promote an “Official Saudi Arabia Memecoin” and “FALCON Memecoin,” sharing contract addresses for the tokens. https://twitter.com/badlydrawnbarry/status/1891413792233259270 The first warning sign was …
In a shocking cyberattack, hackers took over the Saudi Law Conference’s official X account, posing as Crown Prince Mohammed bin Salman to promote fraudulent cryptocurrencies. The hackers used the crown prince’s name and image to promote two fake tokens—“Official Saudi Arabia Memecoin” and “FALCON Memecoin.” They also shared contract addresses, trying to attract investors. https://twitter.com/badlydrawnbarry/status/1891413792233259270 …
The token, trading under the ticker symbol SMLR, saw a 300% rise after launch but then plummeted.
CoinSwitch officially announced that its X account was hacked to promote a scam token, SWITCH, on the Solana blockchain. The hackers falsely claimed it was CoinSwitch’s native token, with trading set to start at 8 AM UTC. CEO Ashish Singhal confirmed the breach, assuring users that the platform remains secure and funds are safe. The …
In yet another crypto hacking incident, ZkLend Next generation lending protocol has officially confirmed that it was hacked, resulting in the loss of 3,300 ETH. In an unusual move, zkLend publicly addressed the hacker via an X post, offering a 10% white hat bounty if the remaining 90% of the stolen funds are returned. This …
ZkLend Next generation lending protocol has confirmed a security breach, with an attacker stealing 3,300 ETH. In response, the platform has offered the hacker a deal—keep 10% as a white hat bounty and return the remaining funds to a designated Ethereum address. If the hacker complies, ZkLend has pledged to waive any legal action. The …
Fund distribution will begin if creditors approve the plan, bringing partial money recovery for victims of the $230 million hack that hit the Indian crypto exchange in July.
WazirX, the popular crypto exchange that faced a major hack in July 2024, has released a new update regarding its fund recovery efforts. Since the hack, which resulted in the loss of around $235 million, the exchange has been under pressure from its users to recover the stolen funds. Despite sharing several updates and plans, …
Eric Council Jr., pleaded guilty for his part in the hack of the SEC's social media account last year about spot bitcoin ETFs.
Solana-based DEX aggregator Jupiter faced a major security breach as its X account was hacked, promoting a fake memecoin called $MEOW. The scam, which used the name of Jupiter’s co-founder, tricked traders into losing millions within minutes. Jupiter Mobile quickly alerted users, warning them not to click any links. However, the hacker continued posting about …
Crypto researcher ZachXBT reports that Coinbase users have lost over $65 million to social engineering attacks in the past two months, with an estimated $300 million lost annually due to such attacks. ZachXBT noted that the actual losses could be even higher, as the figure doesn’t account for unreported cases. ZachXBT explained that scammers use …
In a latest development, FTX is all set to begin repayments to creditors from February 18. According to an email circulated among FTX creditors, they will begin getting reimbursed for lost assets. These payouts will begin at 10 AM ET on February 18 and will only apply to claims under $50,000. Breaking ????????#FTX repayments will …
The aftermath of an attack on India’s once-largest crypto exchange continues to brew.
A project that describes itself as an onchain MicroStrategy for Ethereum blamed a UI fault that caused users to send 165 ETH to the wrong address, while El Salvador has a new disappearing Satoshi Nakomoto statue.
Heather Morgan, known for her involvement in a $4.5 billion crypto heist with her husband, Ilya Lichtenstein, is set to begin her prison sentence. The couple became famous, with Morgan also gaining attention for her rap persona, Razzlekhan. Just before she surrenders to prison, Morgan gave an exclusive interview to set the record straight about …