Latest News and Articles about Bybit Hack
eXch Shuts Down: Tied to $400M Bybit Hack and Lazarus Group
Crypto Exchange eXch Shuts Down Amid Allegations of Bybit Hack Involvement and Lazarus Group Ties Crypto exchange eXch, a bastion for those valuing privacy with its no-KYC (Know Your Customer) policy, has announced it will cease operations on May 1, 2023. This drastic step comes in the wake of allegations linking eXch to the $400 […]
Read MoreeXch Closes Amid Bybit Hack Laundering Claims, Lazarus Group Tied
eXch Shuts Down: Alleged Money Laundering in Bybit Hack Involves North Korea’s Lazarus Group eXch, a privacy-focused cryptocurrency exchange, will cease operations on May 1, 2023, amid allegations of laundering funds from the massive $1.5 billion Bybit hack. Accused of facilitating money laundering, eXch finds itself targeted by a transatlantic law enforcement operation. eXch to […]
Read MoreLazarus Group Profits $2.51M from WBTC Sale, Launders $1.39B from Bybit Hack
Lazarus Group Nets $2.51M from WBTC Sale Amidst Sophisticated Crypto Laundering Operations The Lazarus Group, a notorious North Korean hacking entity, has once again made headlines by turning a hefty profit of $2.51 million from selling 40.78 Wrapped Bitcoin (WBTC). Wrapped Bitcoin, or WBTC, is a tokenized version of Bitcoin that operates on the Ethereum […]
Read MoreZachXBT Urges Government Regulations After $1.4B Bybit Hack by North Korea’s Lazarus Group
ZachXBT Calls for Sweeping Government Regulations After Bybit Hack: Crypto Security in Crisis The recent Bybit hack, where North Korea’s Lazarus Group reportedly stole 401,000 ETH coins valued at $1.4 billion, has led prominent on-chain analyst ZachXBT to voice a stark warning about the state of crypto security. After tirelessly working to freeze the stolen […]
Read MoreNorth Korea Overtakes El Salvador in Bitcoin Holdings After Bybit Hack
North Korea Surpasses El Salvador in Bitcoin Holdings, Fueled by Bybit Hack North Korea’s government-backed hackers convert stolen Bybit funds into Bitcoin. Lazarus Group’s activities fund North Korea’s nuclear program, posing a global security threat. DeFi protocols like THORChain play a role in laundering these stolen assets. The Bybit Hack North Korea has leapfrogged El […]
Read MoreBybit Hack Exposes $1.5B Loss: Urgent Call for Crypto Decentralization
Crypto’s Centralized Trap: Lessons from Bybit Hack and the Need for Decentralization The Bybit hack, resulting in losses of up to $1.5 billion, serves as a stark reminder of the vulnerabilities inherent in centralized exchanges (CEXs). Despite cryptocurrency’s promise to disrupt traditional finance and offer financial freedom, the industry remains entangled in systems prone to […]
Read MoreOKX Halts DEX Aggregator Amid EU Probe into Bybit Hack Laundering
OKX Suspends DEX Aggregator Amid EU Probe into Bybit Hack OKX, a leading cryptocurrency exchange, has temporarily halted its decentralized exchange (DEX) aggregator following an investigation by European Union regulators into its potential involvement in laundering funds from the Bybit hack. The move underscores the ongoing challenge of balancing innovation with regulatory compliance in the […]
Read MoreMichael Saylor’s “Digital Energy” Label for Bitcoin Amid Key Price Test and Bybit Hack
Michael Saylor Labels Bitcoin as “Digital Energy” Amidst Market’s Crucial Price Test In a bold move, Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), has once again captured the crypto world’s attention by calling Bitcoin “digital energy.” This statement comes at a pivotal moment as Bitcoin, trading at $85,424, faces significant resistance and support levels. […]
Read MoreMichael Saylor’s Bitcoin Strategy: Digital Energy in a Volatile Market
Michael Saylor’s Bitcoin Outlook: ‘Digital Energy’ Amidst Market Turbulence Michael Saylor, the visionary behind Strategy (formerly MicroStrategy), continues to champion Bitcoin as “digital energy,” emphasizing its revolutionary potential as a store of value. Strategy’s relentless acquisition strategy saw an additional 20,356 Bitcoins purchased at an average price of $97,514, bringing their total to approximately 481,356 […]
Read MoreSafe Wallet Reboots with Enhanced Security After $1.4B Bybit Hack
Safe Wallet to Resume Services with Fortified Security Post Bybit Hack In a bold move against cybercrime, Safe wallet is set to relaunch with fortress-like security features after the shocking $1.4 billion Bybit hack. This incident highlights the ongoing battle for security in the crypto world, prompting a swift and collaborative industry response. Safe wallet […]
Read MoreEthereum Developer Explains Why $1.4B Bybit Hack Is Irreversible
Ethereum Developer Explains Why $1.4B Bybit Hack Can’t Be Reversed The recent $1.4 billion Bybit hack on Ethereum’s network left the crypto world reeling. Ethereum developer Tim Beiko has provided insight into the technical barriers that make reversing this massive theft impossible, highlighting the complexities of modern blockchain security. $1.4B Bybit hack cannot be reversed […]
Read MoreSamson Mow Urges Ethereum Rollback After $1.4B Bybit Hack by North Korea
Samson Mow Calls for Ethereum Rollback After $1.4 Billion Bybit Hack Samson Mow, a prominent Bitcoin advocate, has sparked a heated debate in the crypto community by urging a hard fork and blockchain rollback for Ethereum following a massive $1.4 billion hack on Bybit. Orchestrated by North Korean hackers, the theft of ETH and staked […]
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