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Crypto exchanges manage liquidity crises following major hacks by leveraging insurance funds, seeking emergency financing, suspending services, and collaborating with industry players. Go to Source
The Bybit hack from February 2024 has left the crypto exchange with some serious problems to deal with. And in an update that must have surely left a bitter taste for the exchange’s employees and investors, Bybit’s CEO Ben Zhou confirmed that the hackers have successfully laundered around $280 million of the $1.4 billion they … Read more
North Korea’s Lazarus Group has been identified as the likely perpetrator of a $3.1 million cryptocurrency theft from a Tron user, according to onchain investigator ZachXBT, marking the latest exploit tied to the sanctioned hacking collective North Korean Hackers Suspected in $3.1M Exploit The Feb. 28, 2025, attack targeted an unnamed victim, with stolen funds … Read more
The latest data from blockchain tracking platforms reveals that the entity behind the Bybit exploit has relocated 230,645.05 ETH (valued at $497.4 million) across multiple transactions completed during a four-day window. This calculated redistribution of ether, executed with methodical precision, highlights both the scale of cryptographic wealth movement. Bybit Hackers Scatter Ether Stash Across Multiple … Read more
A shocking incident has raised serious concerns about the security of well-known figures in the cryptocurrency world. The account of Suji Yan, founder of Mask Network, has reportedly been hacked. A report from Cyvers Alerts states that a suspicious address recently received an astonishing $4 million worth of cryptocurrency from Yan’s account. This event has … Read more
The FBI urged immediate action to block transactions tied to North Korea’s $1.5 billion crypto heist, warning the hackers are swiftly laundering funds to evade recovery. FBI Urges Public and Private Sectors to Cut Off North Korea’s Stolen $1.5B in Crypto The Federal Bureau of Investigation (FBI) has confirmed that North Korea was behind the … Read more
Bybit has successfully restored 77% of its assets under management (AUM) following a recent security incident, reaffirming its commitment to transparency and resilience. The exchange also reported strong trading activity, surpassing $40 billion in volume over the past two days, and enhanced its proof of reserves verification to ensure full collateralization of user funds. Bybit … Read more
Bybit has returned a $100 million loan, equal to 40,000 Ethereum (ETH), to Bitget after just three days—the cryptocurrency community was not expecting this! The loan was extended to Bybit when it was going through a tough time, and this rapid return of funds shows that Bybit is back and on the way to recovery. … Read more
Bybit stated its infrastructure was unaffected in the $1.4 billion security incident involving compromised developer machine credentials at Safe Wallet, which enabled unauthorized transactions. Bybit Confirms Systems Secure After Safe Wallet Attack A forensic investigation into the breach revealed that attackers from the Lazarus Group accessed Safe Wallet’s systems by stealing a developer’s credentials, according … Read more
Two days prior, the Bybit exploiter retained custody of 449,395.23 ethereum (ETH), yet within a 48-hour window, the actor relocated 71,862.63 ETH—valued at $173 million—across decentralized ledgers. Bybit Launches Lazarusbounty.com Amidst a climate of crypto volatility, the assailant has orchestrated a whirlwind of high-volume ether transactions. For instance, during the drafting of this analysis, 91.75 … Read more