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Bybit has launched a recovery bounty program offering rewards for retrieving stolen cryptocurrency funds. Crypto Exchange Bybit Initiates Recovery Bounty The Dubai-based cryptocurrency exchange, Bybit, has initiated a recovery bounty program following a security breach that compromised ETH valued at over $1.4 billion. The program promises a reward equal to 10% of recovered funds. The … Read more
A Bybit payroll fraud scheme funneled $5.7 million into a worker’s personal wallets, funding luxury splurges before authorities uncovered the deception and issued a prison sentence. Bybit Crypto Payroll Fraud Leads to Prison Sentence A former payroll employee has been sentenced to nine years and 11 months in jail for orchestrating a $5.7 million fraud … Read more
Following the Bybit hack, the team organized a livestream to deliberate on the recent billion-dollar hack that transpired on the exchange. Bybit’s founder Ben Zhao clarified that the platform was undergoing “massive withdrawals” but emphasized, “It’s not an issue—We have enough tokens to give to clients.” Moreover, in a calculated maneuver, a bridge loan secured … Read more
Bybit has launched an industry-first initiative by making all liquidation data fully accessible in real-time via its enhanced API. This move aims to improve market transparency, empower traders, and boost institutional confidence in the crypto space. New API Update by Bybit Delivers Unprecedented Transparency for Crypto Traders Bybit, one of the world’s largest crypto exchanges … Read more
On Friday, onchain investigators including Arkham Intelligence and Zachxbt identified an alleged “security incident” involving more than $1 billion in outflows from Bybit. Onchain Experts Report $1B+ Outflow From Bybit in Latest Security Incident The incident saw $1.4 billion in ETH and stETH funds exit the exchange as the assets were quickly moved to new … Read more
Total centralized exchange volume reached $18.83 trillion, the second-highest in five years, though still below 2021’s record of $25.21 trillion. 2021 Marked by Key Events In 2024, Binance remained the largest centralized cryptocurrency exchange, despite its share of total trading volume among the top 15 exchanges falling by approximately eight percentage points, from 47% to … Read more
Okx has secured a MiCA license, unlocking crypto services for 400 million people across 28 European countries with free euro transactions, local payments, and 300+ trading pairs. Okx Expands Crypto Services Across Europe with MiCA License Crypto exchange Okx announced on Feb. 18 that it has expanded its services to 28 European Economic Area (EEA) … Read more
Bitget has acquired a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency, advancing its European Union expansion strategy. Cryptocurrency Exchange Bitget Secures Regulatory Approval in Bulgaria According to the team’s statements shared with Bitcoin.com News, the license permits Bitget to operate a crypto exchange, trading, transfer, custody, and wallet services in Bulgaria, … Read more
Nischal Shetty, founder and CEO of Wazirx, India’s largest cryptocurrency exchange, has announced plans to introduce RT tokens equivalent to the total value of assets stolen in the $230 million breach the platform endured. Wazirx Pledges Transparency With RT Tokens According to Shetty, Wazirx intends to distribute recovery tokens in response to the July 2024 … Read more
South Korea must embrace cryptocurrency ETFs now to stay ahead, says the Korea Exchange chairman, calling them a game-changer for market growth and financial innovation. Crypto ETFs Are the Future: Korea Exchange Chairman Pushes for Approval Jung Eun-bo, chairman of the Korea Exchange, has called for the listing of cryptocurrency exchange-traded funds (ETFs) in South … Read more
