Bybit Hack

Highlights: Greece has frozen a crypto wallet linked to the Bybit attack by using blockchain tracking tools. Chainalysis helped the investigators trace the stolen crypto through complex transfers. Hackers moved the stolen funds quickly using mixers and decentralized exchanges to […]

Highlights: Crypto exchange eXch to shut down by May 1 after facing money laundering allegations. Management cites global pressure and SIGINT surveillance for platform closure. A new management team will oversee the transition of platform control. Cryptocurrency platform eXch announced […]

Highlights: OKX is under investigation after hackers laundered stolen crypto through its platform. Authorities have the power to revoke the license of a platform if it does not put enough measures in place to prevent illegal activities. The platform has […]

Highlights: Bybit’s CEO confirmed that $280M of stolen funds is untraceable due to mixing services. Hackers converted 83% of stolen funds into BTC and spread them across 6,954 wallets. Bybit launched a $140M bounty, paying $2.18M to those helping recover […]

Highlights: Bybit hacker laundered over half of the stolen funds using THORChain’s cross-chain protocol. THORChain’s privacy features face criticism as a key developer resigns. FBI urges the crypto community to block transactions linked to Bybit hackers. Crypto intelligence platform Lookonchain […]

The past week brought significant developments in the crypto space, including fraud accusations against Argentine President Milei over LIBRA’s collapse, Elon Musk’s xAI unveiling Grok 3, and Bybit losing $1.4 billion in a suspected Lazarus Group hack. Meanwhile, Bitcoin neared […]

Highlights: Elliptic said hackers of the Bybit exchange may use mixers to launder $1.4B stolen crypto.  Lazarus Group follows a distinct laundering pattern, starting with exchanging stolen tokens for ETH. Elliptic reports Lazarus is now in the “second stage,” layering […]

Highlights: Ethereum is headed towards support but trading in a broad range  The price correction is mainly driven by Bitcoin and the recent ByBit hack  Ethereum could rebound to $3000 as confidence in its value grows post-hack Even with increased […]

Highlights: CZ warns of rising crypto hacks, citing Bybit’s $1.4 billion breach. He highlights the importance of pausing withdrawals after the hack. Zhao praised Bybit’s CEO for keeping transparency during the recent crisis. Changpeng Zhao (CZ), co-founder and former CEO […]

Highlights: Boiron predicts BTC could reach $250k, citing scarcity and growing demand. Hackers stole $1.5 billion from Bybit, causing Bitcoin and Ethereum prices to dip. Analysts remain bullish, with Scaramucci projecting Bitcoin could reach $200,000 this year. In a roundtable interview with Rob […]