Why newly listed tokens keep crashing

New token listings resemble the stock market on steroids. Without the guardrails of traditional finance, prices swing wildly, making—and more often breaking—fortunes in days, if not hours. Binance exchange is often the listing destination of choice for many of these tokens, which offer traders high-risk bets and the chance to chase the next market sensation.  … Read more

Bybit hack a setback for institutional staking adoption: Everstake exec

Cryptocurrency exchange Bybit’s billion-dollar cybersecurity exploit was a setback for institutional adoption of crypto staking, Bohdan Opryshko, staking services provider Everstake’s chief operating officer, told Cointelegraph.  On Feb. 21, the Lazarus Group, a hacking operation based in North Korea, gained access to Bybit’s wallet credentials and stole some $1.4 billion worth of liquid staked Ether (STETH). … Read more

FBI asks node operators, exchanges to block transactions tied to Bybit hackers

The US Federal Bureau of Investigation has urged crypto node operators, exchanges and the private sector to block transactions from addresses used to launder funds from the $1.4 billion Bybit hack. The FBI confirmed earlier industry investigation that North Korea was responsible for the hack, which the US law enforcement agency dubbed as “TraderTraitor” in … Read more

Scammers use fake crypto jobs, ‘GrassCall’ meeting app to drain wallets

Social engineering scammers are reportedly using fake job offers and a new malware-laden app called “GrassCall” to install info-stealing software that hunts for crypto wallets to drain. BleepingComputer reported on Feb. 26 that the actors behind the scam have now abandoned the scheme, with websites and LinkedIn accounts tied to the scam taken down as … Read more