bybit Archives - Page 2 of 3

April 3, 2025
Crypto News, Finance

Bybit Partners with Zodia Custody Backed by Standard Chartered Amid Safe Wallet Fallout

April 3, 2025 — In a strategic move to bolster institutional security and regain trust following a major breach, cryptocurrency exchange Bybit has partnered with Zodia Custody, a crypto...

March 20, 2025
Crypto News, Finance

Bybit CEO: 88% of Stolen Funds Still Trackable, 8% Obscured via Crypto Mixers

Bybit CEO Ben Zhou has revealed that 88.87% of the $1.4 billion in stolen funds from the exchange remain traceable, but hackers are increasingly using Bitcoin mixers to obscure...

March 17, 2025
Crypto News, Finance

Crypto Promised Freedom—So Why Do We Feel More Trapped Than Ever?

The collapse of Mt. Gox in 2014—where 850,000 Bitcoin vanished—was supposed to be crypto’s ‘never again’ moment. The industry was built on the promise of financial sovereignty, yet a...

March 13, 2025
Crypto News, Finance

Bybit CEO Questions DEX Safeguards After Hyperliquid ETH Liquidation

Bybit CEO Ben Zhou has weighed in on the recent Hyperliquid ETH whale liquidation, which resulted in a $4 million loss for the decentralized exchange. Zhou highlighted the risks...

March 7, 2025
Crypto News, Finance

Bybit’s $1.4B Breach Traced to Stock Invest Malware, Investigation Finds

A new investigation by Mandiant has uncovered that the $1.4 billion hack on Bybit, the largest crypto theft in history, was orchestrated by North Korean hacking group TraderTraitor. The...

March 5, 2025
Crypto News, Finance

Hacks Surge in February: Bybit, Infini, zkLend Among Biggest Contributors to $1.53B Losses

February saw an unprecedented surge in crypto losses, totaling $1.53 billion, with major exploits targeting Bybit, Infini, and zkLend. According to blockchain security firm Certik, this marks a staggering...

March 4, 2025
Blockchain, Crypto News

Bybit’s $100K Refund Request from ParaSwap DAO Raises Ethical Concerns

Bybit has requested a refund from ParaSwap DAO for swap fees paid by a hacker, igniting a governance debate over ethical and legal responsibilities in the decentralized finance (DeFi)...

March 4, 2025
Crypto News, Finance

Safe Wallet Enhances Security Measures in Response to Bybit Breach

Safe Wallet has implemented urgent security improvements to its multi-signature (multi-sig) solution after a major cyberattack on the Dubai-based exchange Bybit. The security breach, which occurred on February 21,...

March 2, 2025
Blockchain, Crypto News

Bybit Hack: 62,200 ETH Transferred, Remaining Funds Could Be Cleared in Days

North Korea’s Lazarus Group has ramped up its efforts to launder funds stolen from Bybit, following what is considered the largest crypto hack in history, totaling $1.4 billion. On...

March 2, 2025
Blockchain, Crypto News

Bybit Hackers Continue Laundering Stolen Funds, Move 62,200 ETH

North Korea’s Lazarus Group has laundered another 62,200 Ether (ETH), valued at approximately $138 million, from the February 21 Bybit hack. This latest transfer leaves only 156,500 ETH left...