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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…
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Bybit sparks debates as it seeks nearly $100k in refund from ParaSwap DAO tied to hacker’s swap fees
Bybit has requested a refund from ParaSwap DAO for swap fees paid by a hacker, sparking a governance debate over ethical responsibility. Cryptocurrency exchange Bybit wants ParaSwap DAO to return over $90,000 in Ethereum (ETH) in swap fees tied to…
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Ethereum
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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…
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North Korea’s Lazarus Group has reportedly laundered all the 499,000 ETH, roughly $1.39 billion, stolen from the Bybit hack in just 10 days. According to a Mar. 4 post on X by on-chain analyst EmberCN, who has been tracking the…
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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…
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Bitcoin has entered bear territoriy, down 25% from its all-time high as macroeconomic uncertainty and political factors are spooking investors. Speaking on Bloomberg TV, crypto reporter Emily Nicolle argued that Bitcoin (BTC) is “still a very risk-on asset” that is…
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After the Bybit hack, Binance is urging regulators and industry players to focus more on establishing universal security standards for the crypto industry. In a Binance live session to commemorate the start of Ramadan, Binance CEO Richard Teng said the…
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BNB
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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…
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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…
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The hacker behind the $1.4 billion Bybit exploit has already laundered more than 50% of the stolen Ethereum, primarily using THORChain to swap ETH for Bitcoin. According to blockchain analytics firm Spot On Chain’s Feb. 28 post on X, the…
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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.…
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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…
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The quick laundering of over $400 million from Bybit’s hack suggests North Korea may have expanded its operations, analysts say. Over $400 million from Bybit‘s $1.46 billion incident was laundered in just days, with analysts at blockchain forensic firm TRM…
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Aneirin Flynn, co-founder and CEO of FailSafe, chatted with crypto.news on how the Bybit exploit happened.
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The recent Bybit hack is a geopolitical issue rather than a fundamental flaw in cryptocurrency security, according to Crucible Capital’s Meltem Demirors. Speaking on CNBC’s “Power Lunch,” Demirors and TrustedSec CEO David Kennedy linked the attack to North Korea’s Lazarus…
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An independent audit report confirmed that North Korea’s Lazarus infiltrated Safe’s infrastructure to rob Bybit’s Ethereum wallet.
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