The Bybit exploiter has laundered 100% of the stolen funds after staging the biggest hack in crypto history, but some of the funds may still be recoverable by blockchain security experts. On Feb. 21, Bybit was hacked for over $1.4 billion worth of liquid-staked Ether (STETH), Mantle Staked ETH (mETH) and other ERC-20 tokens, resulting … Read more
In recent weeks, the Securities and Exchange Commission (SEC) has been on a dismissal spree. First Coinbase, then Consensys, Gemini and OpenSea. Yesterday, it was Kraken. One by one, virtually every high-profile enforcement action of the era of former SEC chair Gary Gensler has fallen. This signals to the cryptocurrency industry that US President Donald … Read more
THORChain generated more than $5 million in total revenue after the protocol’s asset swap volume hit new record highs, driven by the exploiter behind the $1.4 billion Bybit hack. Centralized crypto exchange Bybit was hacked for over $1.4 billion worth of crypto on Feb. 21 in the largest hack in crypto history. The North Korean … Read more
THORChain generated more than $5 million in total revenue after the protocol’s asset swap volume hit new record highs, driven by the exploiter behind the $1.4 billion Bybit hack. Centralized crypto exchange Bybit was hacked for over $1.4 billion worth of crypto on Feb. 21 in the largest hack in crypto history. The North Korean … Read more
The Bank of Israel released a preliminary design proposal for the digital Shekel (DS), Israel’s potential central bank digital currency (CBDC), despite no solid intent for an official launch. On March 3, the Bank of Israel’s Steering Committee issued an initial design for an in-house CBDC — outlining its supporting ecosystem, functionality, technical design, regulatory … Read more
Wallets belonging to the defunct crypto exchange FTX and bankrupt trading firm Alameda Research unstaked over 3 million Solana tokens, its largest SOL unlock since it started selling off company tokens in November 2023. On March 4, blockchain analytics firm Lookonchain flagged FTX and Alameda’s wallets unstaking 3.03 million Solana (SOL). At the time of … Read more
The International Monetary Fund (IMF) is looking to tighten restrictions on Bitcoin purchases by El Salvador as part of an extended $1.4 billion funding arrangement with the country. On March 3, the IMF issued a new request for an extended arrangement under its fund facility to El Salvador, filing several new documents, including a staff … Read more
Bitcoin (BTC) faces ongoing bearish catalysts as traders run to safe havens such as gold, new analysis warns. In a dedicated X thread on March 4, trading resource The Kobeissi Letter announced a “global move” away from risk assets. Bitcoin “no longer viewed as safe haven play” Bitcoin and altcoins suffered as the US confirmed … Read more
Tom Lee, CIO of Fundstrat, recently spoke with CNBC, suggesting that the broader market may be nearing a bottom, potentially as soon as this week. Lee’s outlook comes amid economic uncertainty as President Trump navigates his first 100 days in office. Several factors are contributing to market volatility, including the Department of Government Expenditure (DOGE) … Read more
Over 77% of the funds stolen in a record hack on crypto exchange Bybit remain traceable, while 20% have “gone dark” and are untraceable, CEO Ben Zhou said in an update on X early Tuesday. “This and the coming week is critical for fund freezing as the funds will start to clear at exchanges, otc … Read more