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Bybit CEO Ben Zhou has revealed that over a quarter of the funds stolen in the March Bybit hack can no longer be tracked while 84.5% has been converted to Bitcoin via Thorchain. In an Apr. 21 post on X,…
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Privacy-focused exchange eXch will shut down operations on May 1 following rising allegations that it was used to launder funds stolen in the $1.5 billion Bybit hack. In an Apr. 17 notice on the Bitcoin Forum, eXch’s team said the…
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Months after the Bybit hack raised alarm over custodial risks, Safe has laid off 14 employees, citing coordination challenges. Safe, a self-custody crypto infrastructure provider, has laid off 14 team members as part of a major restructure, months after a…
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Bybit is reversing and reissuing all PAWS tokens after botching the airdrop, leaving users angry and waiting for answers. Cryptocurrency exchange Bybit is reversing its April 15 airdrop of PAWS tokens and plans to redistribute them again after a flawed…
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After suffering the biggest crypto hack in history, Bybit is slowly regaining market share.
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As the crypto market prepares for turbulence amid the tariff wars, the NFT market seems to be in a worse position. Trading volumes are declining and marketplaces are shutting down. The once-hyped world of non-fungible tokens, which analysts once boldly…
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Bybit has entered a partnership with crypto custodian Zodia Custody to segregate its custody for institutional clients. Cryptocurrency exchange Bybit announced in a press release on Thursday a new partnership with Zodia Custody to provide institutional clients with segregated custody,…
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North Korean (DPRK) IT workers are ramping up their corporate infiltration efforts into tech and crypto firms, with a focus on Europe. Since its last report in September 2024, Google Threat Intelligence Group has observed a rise in DPRK IT…
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Paradigm security researcher Samczsun is raising concerns that North Korea’s cyber operations extend far beyond the notorious Lazarus Group. His warnings come as the crypto industry emerges from the recent Bybit hack, which reportedly involved a sophisticated compromise of SafeWallet…
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Cryptocurrency exchange Bybit announced it will discontinue its NFT and Inscription marketplaces as well as shut down its IDO products. Crypto exchange Bybit is winding down support for its marketplaces for non-fungible tokens and Bitcoin-based NFTs known as inscriptions just…
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The crypto market witnessed over 60 crypto hacks in Q1 resulted in $1.63 billion in losses, more than doubling from $706 million a year earlier. Crypto hacks in the first quarter of 2025 resulted in more than $1.6 billion in…
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Crypto exchanges are the heart and soul of crypto. It’s where millions of people buy and sell cryptocurrencies and hold their crypto assets as well. This makes it important to know which crypto exchanges are the real deal in a…
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Follow-up
Although Bybit CEO Ben Zhou says 88% of stolen crypto is still traceable, the recent Bybit hack has been linked to an unprecedented money laundering operation. Is money laundering via crypto on the rise? Let’s break it down. BlackRock’s Larry…
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News
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…
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News
Blockchain sleuth ZachXBT slammed pseudo decentralized protocols for profiting from North Korea-backed exploits. The crypto industry’s handling of hacks and shady activity is coming under fire, with blockchain sleuth ZachXBT calling out several pseudo-decentralized protocols for profiting from North Korea-linked…
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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…
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Opinion
