News with the tag "Bybit"

The Bybit hack on February 21st has been described as the biggest crypto breach in history. According to the authorities’ final analysis, the popular crypto exchange lost over $1.4 billion in digital assets, primarily Ether. Hours after the successful hacking, it was also revealed that North Korea’s...

Key Takeaways: CEO shares fresh insight into crypto fund tracing. Most stolen assets remain detectable on blockchain trails. Criminals use mixing services to hide fund movements. Recovery efforts involve coordinated work by security experts. The case invites deeper review of digital asset security. ...

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 Fink famously called crypto an “index of money laundering...

Nearly a month after the $1.4 billion hack on Bybit, the majority of the stolen funds remain traceable. Even as the hackers have stepped up their efforts by using multiple crypto mixers to obscure their tracks, according to an executive summary released by the exchange’s CEO Ben Zhou. Blockchain inv...

Pi coin has failed to make it to the list of the biggest crypto exchanges. Although 86% of the Pi community voted in favor of a Binance listing, the exchange has not shown an interest in listing it. Binance has started a new project called “ Vote to List. ” Users can vote on which tokens to add to t...

For a brief period on Thursday, Pi Network community sentiment statistics on Coingecko and Coinmarketcap showed contradicting results: the former was 77% bullish, while the other was more than 80% bearish. Although CMC has corrected its bull-bear vote stats, which are now 77% pro-Pi coin, netizens a...

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 reveals that 88.87% of the stolen $1.4 billion worth of crypt...

Bybit CEO Ben Zhou revealed on Thursday that 88.87% of the $1.4 billion stolen in crypto from the exchange remains traceable, despite the Lazarus Group moving the funds through Bitcoin mixers. The stolen assets, consisting of 500,000 ETH, have largely been converted into 12,836 BTC and are now distr...

Blockchain investigator ZachXBT has voiced serious concerns about cryptocurrency platforms ignoring transactions linked to North Korean hackers following the historic $1.4 billion Bybit hack. In a Telegram announcement, the researcher described his efforts to help freeze funds from the February 21, ...

Key Takeaways: North Korea’s Bitcoin holdings now surpass those of El Salvador and Bhutan. The Lazarus Group, linked to North Korea, converted assets from the Bybit hack into Bitcoin. These cyber activities contribute to North Korea’s funding of its weapons programs. North Korea surpassed El Salvado...