Bybit News

North Korea’s pause in cyberattacks during late 2024 may have been a resource reallocation ahead of the largest cryptocurrency hack in history.

Bybit has already paid out $2.2 million for “bounty hunters” who can provide valuable information on the Lazarus Group’s transaction patterns related to the stolen funds.

CertiK’s chief business officer, Jason Jiang, tells The Agenda that a lack of comprehensive regulation has made the fallout from the hack even worse.

OKX says it has decided to pause its DEX aggregator service after consulting with regulators.

Bybit CEO Ben Zhou suggested a dynamic risk mechanism that lowers leverage as positions get bigger.

Crypto exchange OKX has denied ongoing investigations by the European Union on its social media channels.

The SafeWallet team called for continued improvements to user experience and user interfaces to combat similar future threats.

The Bybit hacker laundered the stolen funds in just 10 days, but security firms said some assets may still be recoverable through blockchain tracing.

THORChain generated over $5 million in revenue as Bybit’s $1.4 billion hacker used the protocol for moving funds, sparking controversy over its role in illicit crypto transfers.

Bybit CEO Ben Zhou confirmed that $280 million in stolen funds has gone dark, with $1.07 billion remaining trackable as investigators race to freeze assets.

The crypto industry has rallied behind Bybit after a hack in which North Korean hacker group Lazarus stole over $1.4 billion.

Ethical hacker Marwan Hachem told Cointelegraph that an “out of scope” bug led to the biggest hack in crypto history.

CoinShares cited the Bybit hack, more hawkish US Fed rhetoric and a previous $29 billion buying streak as reasons for the record-breaking weekly outflows.

The Bybit hackers picked up the pace on March 1, laundering another 62,200 Ether amid efforts from US authorities to block transactions tied to the exploiters.

A $1.4 billion Bybit hack, efforts to "Kill Tether" and a Bitcoin price crash headline a rough week for the crypto markets.