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 […]
Ethereum faced steep losses Friday after a security breach at Bybit drained an estimated $ 1.4 billion from the exchange. Ethereum Faces 2.6K Low Following the Hack—Can Recovery Hold? Bybit’s CEO confirmed on Feb. 21, 2025, that the platform lost a large portion of its crypto reserves in the attack, which targeted ETH, mETH …
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 …
A blockchain detective has dropped a bombshell update: hackers linked to the infamous 2022 Lastpass breach have drained a staggering $ 12.38 million in cryptocurrency from over 100 victimized wallets, marking a significant escalation in this ongoing security saga. Blockchain Sleuth Uncovers Millions in Crypto Stolen Post-Lastpass Hack According to blockchain investigator Zachxbt, the …
An Australian court fined Kraken $ 5.1 million AUD for offering a margin lending product to Australian customers without proper regulatory approval. Unlawful Credit Facility An Australian court has fined the digital asset exchange platform Kraken $ 5.1 million Australian dollars (AUD) for “unlawfully issuing a credit facility to more than 1,100 Australian …