Tag: Bybit

icon March 7, 2025 Posted by: Victor Ebo

The Bybit Breach: Unraveling the $1.4 Billion Crypto Heist

What began as a routine day at one of the world’s largest cryptocurrency exchanges quickly spiraled into the financial sector’s worst nightmare. In February 2025, Bybit suffered a catastrophic security breach that resulted in the theft of approximately $1.4 billion in Ethereum assets—marking one of the most significant digital heists in cryptocurrency history. The implications […]
icon March 4, 2025 Posted by: Airí Chaves

Bybit: CEO Reveals That 20% of Stolen Tokens Are Untraceable

On February 21, 2025, cryptocurrency exchange Bybit suffered a cyberattack that resulted in the theft of approximately $1.4 billion in Ethereum, marking the largest crypto heist in history. During the investigation, Bybit CEO Ben Zhou revealed that 20% of the stolen funds could not be traced, raising concerns about the advanced methods used by criminals […]
icon March 3, 2025 Posted by: Victor Ebo

Crypto Thefts Hit $1.5 Billion in February, Led by Record-Breaking Bybit Hack

The crypto industry suffered nearly $1.53 billion in losses from scams, exploits, and hacks in February, according to blockchain security firm CertiK. The bulk of these losses came from the $1.4 billion Bybit hack, marking the largest crypto heist in history. The attack, attributed to North Korea’s Lazarus Group, surpassed the $650 million Ronin bridge […]
icon February 27, 2025 Posted by: Airí Chaves

Safe Wallet Responds After Being Linked to the Bybit Attack

Safe Wallet has broken its silence after investigations indicated that the breach suffered by Bybit was made possible due to a flaw in its infrastructure. A forensic analysis revealed that the attack, carried out by the North Korean Lazarus group, did not exploit vulnerabilities in Safe’s smart contracts. Instead, it originated from the compromise of […]
icon February 26, 2025 Posted by: Thiago Barboza

Bybit was not hacked: Investigation points to fault in Safe

The investigation into the alleged attack on bybit revealed that the cryptocurrency broker was not compromised. The incident occurred due to malicious code inserted in the Safe (Wallet) infrastructure, impacting the Ethereum Multisig Cold Wallet portfolio from Bybit. The attack explored a vulnerability of Safe and was activated during a transaction on February 21, 2025. […]
icon February 24, 2025 Posted by: Victor Ebo

Bybit Restores $1.4B in Stolen ETH, CEO States

Bybit CEO Ben Zhou has announced that the cryptocurrency exchange has fully replenished the $1.4 billion worth of Ether (ETH) lost in the massive Feb. 21 hack. Zhou reassured users that a new proof-of-reserve report will be released soon to confirm that client assets are back at a 1:1 ratio through a Merkle tree verification […]
icon February 24, 2025 Posted by: Victor Ebo

Bybit Hack: Stolen Funds Expected to Flow Through Crypto Mixers, Says Elliptic

The Bybit crypto exchange hack, of $1.4 billion, has caused a lot of panic in the broader industry revolving around the theft. A key concern is how these resources would be laundered. A report from Elliptic, a well-known blockchain security agency, said that it was the Lazarus Group from North Korea and it is projected […]
icon February 21, 2025 Posted by: Airí Chaves

Bybit CEO Calls Pi Network a Scam, Reigniting Controversy

Allegations against Pi Network resurface after strong statements from Bybit’s CEO. The platform, already flagged by authorities, now faces renewed criticism after being listed on top cryptocurrency exchanges. Controversies Surrounding Pi Network Gain Momentum Pi Network, which presents itself as a revolutionary cryptocurrency, is back in the spotlight following bold statements from Bybit’s CEO. The […]
icon December 18, 2024 Posted by: Victor Ebo

Bybit Bids Adieu to France: Crypto Services to Halt in January 2025

Bybit, a popular crypto exchange, has announced it will stop offering withdrawal and custody services to users in France starting January 8, 2025. The move comes as French financial authorities tighten their regulatory grip on the crypto industry. The company has urged users to withdraw their funds before the deadline to avoid any issues with […]
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