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Following a recent security breach, Bybit, one of the top cryptocurrency exchanges, has provided an official update regarding the hack that saw a significant amount of Ether (ETH) taken from its platform. The exchange’s CEO, Ben Zhou, has confirmed that all Ether losses have been covered and that funds taken by the hacker are in … Read more
The overall cryptocurrency market keeps being rocked by the recent Bybit debacle, with sharp drops hitting a number of coins. Solana has absorbed one of the heaviest hits in the hacking aftermath. Investigations into the incident have uncovered that the stolen funds were bridged to our beloved blockchain and that concerns have arisen about possible … Read more
In the aftermath of the $1.4 billion cybersecurity breach targeting centralized digital asset platform Bybit, onchain evidence reveals that perpetrators have systematically converted a fraction of the pilfered funds into bitcoin (BTC). Hackers Mask Tracks by Moving Bybit Heist Funds to Bitcoin This week, North Korea’s Lazarus Group orchestrated a cyber incursion against digital asset … Read more
The Lazarus Group, a North Korean-linked cybercrime entity, allegedly laundered $1.4 billion stolen from crypto exchange Bybit this week using meme coin platforms and cross-chain transfers, according to onchain investigator ZachXBT. $1.4B Bybit Hack Tied to Lazarus Group, Laundering Involved Pump Fun Meme Coins The Lazarus Group, notorious for high-profile crypto hacks, is accused of … Read more
The cryptocurrency world is ever-changing, and fresh tokens regularly arrive to capture investors’ and traders’ attention. One recent token that has been making a stir is $KAITO, thanks to its arrangements for market making and the debates around its airdrop. Wintermute, a major player in the industry, has been ensuring that $KAITO has the necessary … Read more
Here in the realm of cryptocurrency, large investors—affectionately dubbed “whales“—can and do exert the power to sway the market in either direction. When a whale decides to either buy or sell not just a few but many thousands of a certain token, the price will respond in either an up or down motion with varying … Read more
The markets for cryptocurrency are well-known for their extreme volatility. For the past several months, traders have been navigating a sea of uncertainty, often succumbing to scams and rug pulls. Some even say that these market conditions amount to an extended bear market. Yet, through it all, some savvy (and lucky) investors have managed to … Read more
Chun Wang, a well-known personality in the cryptocurrency community who co-founded two major mining pools, F2Pool and Stakefish, has kept on offloading large amounts of Lido DAO tokens (LDO). Just now, Wang sold another 300,000 LDO tokens for 517,926 USDT, at a price of $1.726 per token. This sale is part of an ongoing, larger … Read more
A significant entity in the cryptocurrency sector, recognized by the wallet address “inveteratus.eth,” has taken another big step by divesting itself of all 1,230 Maker (MKR) tokens for what amounts to 1.781 million USDC. This transaction, which wrapped up less than four hours ago, marks the second successful Redwood MKR trade for this whale in … Read more
Although Litecoin (LTC) has frequently been eclipsed by other cryptocurrencies like XRP, Solana, Chainlink, and Cardano when it comes to the amount of social media buzz and popular attention, the digital asset has been enjoying something of a quiet renaissance lately, with its price rising sharply in the past couple of weeks. From February 2 … Read more