Bybit Reveals Update on $1.4B Hack: Majority of Funds Still Traceable
TL;DR Bybit has managed to trace almost 70% of the $1.4 billion stolen in the February cyberattack, while 27.6% of the funds are no longer traceable
Bybit (Latest Publications)
Crypto Platform eXch Shuts Down Following Allegations of Illicit Use by Lazarus Group
TL;DR The non-KYC crypto exchange “eXch” announced it will shut down on May 1 after becoming the target of international investigations into alleged money laundering linked
Bybit Partners with Avalon Labs to Power Bitcoin Yield via CeDeFi Model
TL;DR Bybit partnered with Avalon Labs to offer BTC yield through a CeDeFi model, without requiring users to sell their assets. The system allows users to
Bybit Shuts Down NFT and Inscription Marketplace—Here’s Why
TL;DR Bybit will shut down its NFT marketplace, inscription platform, and IDO service on April 8, 2025, to optimize its services. The NFT market has dropped
Bybit CEO Confirms 88% of Stolen Funds Remain Traceable
TL;DR High Traceability: Bybit CEO confirms that 88% of the $1.4B hack’s stolen funds remain traceable, providing hope for potential recovery. Complex Laundering: Approximately 440K ETH
OKX Suspends DEX Aggregator Amid Regulatory Scrutiny and Security Concerns
TL;DR Suspension Amid Scandal: OKX has temporarily halted its DEX aggregator services following allegations of laundering $100 million in stolen funds linked to the Bybit hack.
Lazarus Group Moves Stolen Funds to Tornado Cash Amid Crypto Crackdown
TL;DR Security firm CertiK detected the movement of these funds linked to illicit activities attributed to the North Korean hacker group. Six malicious packages have been
Hyperliquid DEX Confirms $4M Loss After Aggressive Leverage Move
TL;DR Aggressive Leverage Backfires: A trader’s use of 50x leverage on Hyperliquid transformed a $10M stake into a $270M ETH position, but difficulties in exiting without
Bybit’s Fund Recovery Request Sparks Debate in ParaSwap DAO
TL;DR Bybit requests that the DeFi protocol ParaSwap return nearly $100,000 in fees earned from transactions conducted with assets stolen by the Lazarus Group. Members of
Lazarus Group Completes $1.39B Crypto Laundering Operation
TL;DR Lazarus Group successfully laundered 499,000 ETH stolen from Bybit, valued at $1.39 billion, in just 10 days, causing Ethereum’s price to drop by 23%. THORChain
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