News with the tag "Bybit hack"

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. ...

European regulators are investigating OKX after hackers used its Web3 platform to launder approximately $100 million in stolen crypto from the ByBit hack. Authorities are assessing whether the platform falls under the Markets in Cryptoassets (MiCA) regulations and whether penalties should be imposed...

Safe has confirmed a full infrastructure reset following the cyberattack on February 21, 2025, which compromised Bybit’s systems. The attack, attributed to the TraderTraitor group linked to North Korea, has sparked serious concerns regarding the vulnerability of both centralized and decentralized cr...

Bybit CEO Ben Zhou has confirmed that $280 million of the $1.4 billion stolen in the February cyberattack has been successfully laundered, making it nearly impossible to trace. However, around $1.07 billion remains trackable, giving investigators a crucial window to recover the remaining funds. In a...

Amid the market retrace, Ethereum (ETH) has lost its key $2,600 support zone and fallen below the next crucial level. As the second-largest cryptocurrency by market capitalization attempts to hold its current range, some analysts predict a 6% drop could be coming. Related Reading: Solana Sentiment H...

The perpetrators of the largest crypto heist in history have reportedly moved a large portion of the stolen funds without significant risks. On February 21st, the crypto exchange ByBit suffered large losses when a malicious actor believed to be the North Korean government-backed Lazarus Group breach...

The U.S. Federal Bureau of Investigation (FBI) has issued an urgent advisory to crypto exchanges, node operators, and blockchain service providers, urging them to block transactions from addresses tied to the $1.4 billion Bybit hack . The agency confirmed that North Korea’s infamous hacking unit, co...

Early reports point to a third-party vulnerability as Bybit tries to find the remote and immediate causes of its security breach. While the interim investigation has absolved the exchange of blame, experts say the hack may be mitigated with watertight guardrails. Safe Wallet Vulnerability Triggered ...

In the aftermath of the staggering $1.4 billion Bybit hack , the exchange has launched an aggressive counteroffensive against the North Korean-linked Lazarus Group, the suspected masterminds behind the breach. Bybit’s co-founder and CEO, Ben Zhou, made a bold statement on Feb. 25, vowing to track do...

Bybit hack: crypto exchange Bybit has received $600 million in Ethereum (ETH) deposits from Mirana Ventures following a $1.5 billion hack. The exchange had previously suffered a major security breach, resulting in a loss of ETH-based tokens. Mirana Ventures, linked to Bybit’s co-founders, took actio...