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
Bybit (Latest Publications)
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
CZ Criticizes Safe’s Statement Following Forensic Investigation into Bybit Hacking
TL;DR The forensic investigation into the Bybit hack revealed that a SafeWallet developer was attacked, which allowed Lazarus Group to steal over $1.4 billion in ETH.
Ethena Labs Integrates Chaos Labs’ Oracles to Improve USDe Risk Management
TL;DR Enhanced Transparency and Security: Ethena Labs integrates Chaos Labs’ Edge Proof of Reserves Oracles to boost the transparency and security of USDe’s reserves. Market Response:
Inside the Bybit Hack: Chainalysis Details $1.46B Theft and Laundering Methods
TL;DR Hackers stole $1.46 billion from Bybit in the largest attack on a crypto exchange in history, with the Lazarus Group identified as the perpetrators. Lazarus
Elliptic Warns: Bybit Hackers May Turn to Mixers to Launder $1.4B Stolen Funds
TL;DR In one of the largest thefts in cryptocurrency history, an estimated $1.4 billion was stolen from the Bybit platform on February 21, 2025. Elliptic researchers
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