Bybit Hack
Bybit’s ETH cold wallet exploited for $1.46b. The attack on Feb. 21 may be the largest-ever exploit against a single crypto exchange. At $1.46 billion, the amount stolen accounts for more than 50% of the total crypto value siphoned in 2024.
Full Coverage
Bybit CEO: 88% of the stolen funds still traceable, 8% gone dark through crypto mixers
Bybit CEO Ben Zhou reported that 88% of the stolen funds from the exchange is still traceable, but hackers are ramping up obfuscation efforts with Bitcoin mixers. As of 20 March, Ben Zhou’s latest executive summary of Bybit’s stolen funds…
Does Bitcoin bring us closer to a ‘nuclear holocaust’?
State-supported North Korean hackers, using the Lazarus Group moniker, stole billions of dollars worth of crypto in less than ten years. Their operations made North Korea the fifth-biggest country in terms of Bitcoin holdings. According to the UN report, nearly…
Crypto losses reached $1.53B in february, led by Bybit, Infini and zkLend exploits: Certik
Crypto losses totaled $1.53 billion in Feb, with the three biggest exploits being Bybit, Infini, and zkLend hacks. According to Certik, crypto losses totaled nearly $1.53 billion in Feb., representing a nearly 1,500% increase from the $98 million in losses…
Nearly 20% of Bybit’s $1.46b stolen funds ‘gone dark,’ CEO says
Bybit’s CEO says more than $200 million of the $1.46 billion stolen from the exchange has become untraceable due to mixing services. Bybit‘s CEO Ben Zhou says nearly 20% of the funds are now untraceable, just less than two weeks…
Safe Wallet responds to Bybit hack with major security improvements
Safe traced the security loophole to its Wallet UI, while Bybit closed the $1.4 billion gap and launched a bounty protocol to track bad actors.
Bybit hacker moves 62,200 ETH, full amount could be cleared in 3 days
North Korea’s Lazarus Group intensified efforts to launder funds from Bybit following what is considered the largest crypto hack in history at $1.4 billion. The cyberattackers moved another 62,200 ETH ($138 million) on March 1. This leaves them with just…
THORChain core dev leaves after failed vote to block hacker transactions
THORChain developer Pluto announces his departure after a vote to block North Korean hacker-linked transactions was reverted. A validator is also threatening to exit unless the protocol can stop the flow of hacker funds. In a recent post, Pluto declared…
Crypto losses surge 20x in February to over $1.5b, data shows
February 2025 saw $1.53 billion in crypto losses, an 18x increase from a year ago, largely driven by a $1.46 billion Bybit hack. Crypto hacks drained $1.53 billion in February 2025, an 18x jump from last year, with most of…
Bybit laundering brought THORChain $2.91B in trading volume and $3M in fee income
Bybit’s illicit funds laundering has earned THORChain almost $3 billion in trading volume and $3 million in fee revenue. THORChain (RUNE), a cross-chain swap protocol, saw a massive surge in activity as the Bybit’s hacker laundered funds through its platform.…
Bybit granted in-principal approval to operate in UAE
Bybit has been granted an in-principle approval from the Securities & Commodities Authority of the UAE and is on track to receive the fully operational license. On Feb. 28, Bybit announced that it had received an in-principle approval from the…
