Daily Crypto News & Musings

Latest News and Articles about Bybit

eXch Drops USDT, USDC Amid Bybit Hack Laundering Probe, Shifts to DAI

4 April 2025 Daily Feed , , ,

Infamous Mixing Protocol eXch Drops USDT, USDC Amid Bybit Theft Scrutiny eXch, a notorious centralized mixing protocol, is under intense scrutiny from U.S. authorities for its alleged role in laundering millions stolen by North Korean hackers from the Bybit exchange. In a bid to evade regulatory heat, eXch is restructuring its operations, which includes merging […]

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Bybit Exits NFT Market Amid 50% Sales Drop: Strategic Shift or Market Signal?

Bybit Exits NFT Market Amid Declining Sales: A Strategic Pivot or a Sign of the Times? Bybit, a leading cryptocurrency exchange, has announced the closure of its NFT marketplace, Inscription marketplace, and Initial DEX Offering (IDO) platform, effective April 8, 2025. This move comes as the NFT market faces a significant downturn, with sales dropping […]

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Lazarus Group Moves $3.76M in Bitcoin, Using Mixers to Launder Funds

Lazarus Group Shifts $3.76M in Bitcoin, Signals Laundering Efforts The Lazarus Group, a notorious North Korean hacking outfit, has moved approximately $3.76 million in Bitcoin to five unknown wallet addresses. This action follows their recent hack on the Bybit cryptocurrency exchange, which resulted in a staggering $1.4 billion loss. Lazarus Group transferred 44.07 BTC to […]

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Bybit Partners with UOWD for Demo Trading Challenge: Empowering Students

Bybit and University of Wollongong in Dubai Launch Exclusive Demo Trading Challenge Students at the University of Wollongong in Dubai (UOWD) transformed their classroom into a bustling trading floor, thanks to a unique collaboration with Bybit, the world’s second-largest cryptocurrency exchange by trading volume. This Demo Trading Challenge and Workshop aimed to bridge the gap […]

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North Korea’s Lazarus Group Targets Crypto Devs via npm, Steals $1.46B from Bybit

North Korea’s Lazarus Group Escalates Cyberwar, Targets Crypto Developers North Korea’s Lazarus Group has launched a sophisticated cyberattack, stealing nearly $1.46 billion from Bybit and now targeting cryptocurrency developers through the npm repository. This escalation highlights the group’s evolving tactics and the urgent need for enhanced security within the crypto ecosystem. Lazarus Group targets npm […]

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Ethena’s USDe Challenges USDT and USDC with $100M Boost and Bybit Integration

Ethena Labs’ USDe Gains Momentum, Challenging Stablecoin Giants Ethena Labs is making a bold play in the stablecoin market with its USDe, directly challenging the dominance of USDT and USDC. With strategic partnerships and significant investments, USDe is positioning itself as a formidable contender. Bybit integrates USDe, enhancing liquidity MEXC invests $36 million in Ethena […]

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SEC Dismisses HEX Lawsuit, Trump to Host Crypto Summit: Weekly Crypto Roundup

3 March 2025 Daily Feed , ,

Judge Dismisses SEC Lawsuit Against HEX Founder, Trump Plans Crypto Summit, and More: Weekly Crypto Recap This week in the crypto world, HEX founder Richard Heart dodged a regulatory bullet when his SEC lawsuit was dismissed, President Trump announced a crypto summit, and the Trump family explored a metaverse venture. Meanwhile, MetaMask planned to support […]

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Novogratz Opposes Ethereum Hard Fork After $1.5B Bybit Hack, Urges Action Against Lazarus Group

Billionaire Novogratz Rejects Calls For Ethereum Hard Fork After Crypto’s Biggest Hack, Urges Action Against Lazarus Group – Lazarus Group hacks Bybit, stealing $1.5B in ETH – Novogratz opposes Ethereum hard fork proposal – Calls for world leaders to tackle Lazarus Group – Ether’s price drops over 7% post-hack The cryptocurrency world was shaken to […]

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Bybit CEO Confirms Solvency After $1.4B Hack: Largest Crypto Heist Ever

Bybit CEO Affirms Solvency After Record-Breaking $1.4 Billion Hack Bybit, a leading cryptocurrency exchange, faced an unprecedented security breach, resulting in the theft of approximately $1.46 billion in Ethereum (ETH) and staked Ethereum (stETH). Despite this massive heist, Bybit CEO Ben Zhou swiftly reassured users of the exchange’s solvency and its ability to cover the […]

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Pump.fun Blocks Bybit Hacker’s $26M Memecoin Laundering Attempt

Pump.fun Thwarts Bybit Hacker’s $26 Million Money Laundering Scheme with Memecoins Pump.fun, a platform at the forefront of memecoin innovation, recently took bold action to block a hacker linked to the massive Bybit exploit from launching tokens on their platform. This decisive move prevented the laundering of over $26 million in stolen funds through a […]

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WazirX Withdraws ₹606 Crore from Bybit Post $1.5B Hack: Users Left in the Dark

WazirX Secretly Moves Funds Out of Bybit Post $1.5 Billion Hack: No Explanation Provided If you’re a WazirX user, you might be feeling left in the dark. Following the massive $1.5 billion Bybit hack on February 21, 2025, WazirX clandestinely withdrew ₹606 crore from Bybit, leaving its users with more questions than answers. Bybit hack […]

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Lazarus Group Exploits QinShihuang Meme Coin to Launder $26M from Bybit

Lazarus Group’s QinShihuang Meme Coin: A $26M Laundering Scheme from Bybit Heist North Korea’s Lazarus Group has once again exploited the crypto world, this time using the QinShihuang meme coin to wash away $26 million of the nearly $1.5 billion they stole from Bybit. On-chain investigator ZachXBT’s detailed tracking of transactions across multiple blockchains exposed […]

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Bybit Recovers Nearly 50% of Ether Reserves Post-$1.5B Hack Linked to Lazarus Group

Bybit Bounces Back: Restores Nearly Half of Ether Reserves After $1.5 Billion Hack In a stunning display of resilience, Bybit bounced back from a $1.5 billion hack in just two days, thanks to the crypto community’s solidarity. The exchange has restored nearly half of its Ether (ETH) reserves through OTC purchases and emergency transfers, showcasing […]

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Bybit Hack: $1.4B Stolen, mETH and Tether Freeze Assets, $140M Bounty Offered

mETH Protocol and Tether Lead Campaign to Freeze Bybit Hackers’ Bounty Bybit, a major cryptocurrency exchange, was hit with a massive $1.4 billion hack involving Ethereum (ETH) and staked Ethereum (stETH). The crypto community, led by mETH Protocol and Tether, has swiftly mobilized to freeze the stolen assets and support recovery efforts. Bybit, showing resilience, […]

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CZ Warns Exchanges After $1.4B Bybit Hack: Pause Withdrawals to Combat Lazarus Group Attacks

27 February 2025 Daily Feed , , ,

CZ Warns Crypto Exchanges of Hack Targeting Multi-Sig Cold Storage After Bybit Hack In a significant security breach, Bybit suffered a hack resulting in the theft of over $1.4 billion in cryptocurrency, prompting a stern warning from Changpeng Zhao (CZ), the former CEO of Binance. CZ has highlighted a new hacking pattern targeting multi-signature (multi-sig) […]

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Bybit’s $5.7M Payroll Fraud Exposed: Ho Kai Xin’s Lavish Spending and Legal Consequences

Bybit’s $5.7M Payroll Fraud Scandal: A Cautionary Tale of Cryptocurrency’s Dark Side Ho Kai Xin, a former payroll processing staff member at WeChain Fintech Singapore, has been sentenced to nearly a decade in prison for embezzling over $5.7 million from Bybit Fintech. This case exposes the vulnerabilities in cryptocurrency payroll systems and serves as a […]

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North Korea’s Lazarus Group Orchestrates Record $1.5B Bybit Hack

North Korea’s Lazarus Group Exposed as the Mastermind Behind Bybit’s $1.5 Billion Hack The cryptocurrency world was rocked by a staggering revelation: the notorious Lazarus Group, backed by North Korea, orchestrated the largest crypto theft in history. This $1.5 billion heist on Bybit not only eclipses all previous exploits but also casts a glaring light […]

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Bybit Suffers $1.5B Ethereum Hack: Crypto Security Under Scrutiny

Bybit Hit by Massive $1.5 Billion Ethereum Hack: A Wake-Up Call for Crypto Security Bybit, a leading cryptocurrency exchange, has suffered a massive security breach, with nearly $1.5 billion in Ethereum stolen from one of its cold wallets—a secure, offline storage method for digital assets. The incident, one of the largest digital heists in history, […]

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Ho Kai Xin Jailed for 9 Years After $4M ByBit Fraud: A Wake-Up Call for Crypto Security

ByBit Fraudster Ho Kai Xin Sentenced to Nearly a Decade in Prison for $4 Million Crypto Heist Ho Kai Xin, a 32-year-old Singaporean woman, has been sentenced to nearly a decade behind bars for defrauding ByBit of over $4 million in digital assets through an audacious internal fraud scheme. Ho manipulated payroll to steal over […]

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Ho Kai Xin Jailed Nearly 10 Years for $4.2M Crypto Theft from Bybit

Ho Kai Xin’s Lavish Life Funded by $4.2 Million Crypto Theft from Bybit Ends in Nearly 10-Year Jail Sentence Ho Kai Xin sentenced to almost 10 years in prison Stolen $4.2 million in cryptocurrency from Bybit Manipulated payroll records for personal gain Imagine stealing over $4 million in cryptocurrency and living a life of luxury—until […]

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Bybit Launches Listing Billboard: SoSoValue First to Embrace Transparency

Bybit’s Listing Billboard: Pioneering Transparency in Crypto Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched the “Listing Billboard”, a new initiative designed to enhance transparency for listed tokens. SoSoValue, fresh off a $15 million Series A funding round, becomes the first project to adopt this framework, revealing detailed performance metrics to the […]

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