Bybit Exits NFT Market Amid Declining Sales: A Strategic Pivot or a Sign of the Times? Bybit, a leading cryptocurrency exchange, has announced the closure of its NFT marketplace, Inscription marketplace, and Initial DEX Offering (IDO) platform, effective April 8, 2025. This move comes as the NFT market faces a significant downturn, with sales dropping […]
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Lazarus Group Shifts $3.76M in Bitcoin, Signals Laundering Efforts The Lazarus Group, a notorious North Korean hacking outfit, has moved approximately $3.76 million in Bitcoin to five unknown wallet addresses. This action follows their recent hack on the Bybit cryptocurrency exchange, which resulted in a staggering $1.4 billion loss. Lazarus Group transferred 44.07 BTC to […]
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Bybit and University of Wollongong in Dubai Launch Exclusive Demo Trading Challenge Students at the University of Wollongong in Dubai (UOWD) transformed their classroom into a bustling trading floor, thanks to a unique collaboration with Bybit, the world’s second-largest cryptocurrency exchange by trading volume. This Demo Trading Challenge and Workshop aimed to bridge the gap […]
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North Korea’s Lazarus Group Escalates Cyberwar, Targets Crypto Developers North Korea’s Lazarus Group has launched a sophisticated cyberattack, stealing nearly $1.46 billion from Bybit and now targeting cryptocurrency developers through the npm repository. This escalation highlights the group’s evolving tactics and the urgent need for enhanced security within the crypto ecosystem. Lazarus Group targets npm […]
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OKX Denies EU Investigation Claims Amid Bybit Hack Fallout In a stunning turn of events, OKX has found itself embroiled in controversy following the massive $1.5 billion Bybit hack. The exchange has vehemently denied being under investigation by EU regulators, contrary to a recent Bloomberg report linking OKX’s Web3 service to the laundering of stolen […]
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Ethena Labs’ USDe Gains Momentum, Challenging Stablecoin Giants Ethena Labs is making a bold play in the stablecoin market with its USDe, directly challenging the dominance of USDT and USDC. With strategic partnerships and significant investments, USDe is positioning itself as a formidable contender. Bybit integrates USDe, enhancing liquidity MEXC invests $36 million in Ethena […]
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Judge Dismisses SEC Lawsuit Against HEX Founder, Trump Plans Crypto Summit, and More: Weekly Crypto Recap This week in the crypto world, HEX founder Richard Heart dodged a regulatory bullet when his SEC lawsuit was dismissed, President Trump announced a crypto summit, and the Trump family explored a metaverse venture. Meanwhile, MetaMask planned to support […]
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Bybit Hack: Lazarus Group Moves 62,200 ETH – Full Amount Could Be Cleared in 3 Days In a race against time, the notorious Lazarus Group, linked to North Korea, is swiftly laundering the $1.4 billion stolen from Bybit in the largest crypto hack to date. The group’s recent move of 62,200 ETH on March 1 […]
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Billionaire Novogratz Rejects Calls For Ethereum Hard Fork After Crypto’s Biggest Hack, Urges Action Against Lazarus Group – Lazarus Group hacks Bybit, stealing $1.5B in ETH – Novogratz opposes Ethereum hard fork proposal – Calls for world leaders to tackle Lazarus Group – Ether’s price drops over 7% post-hack The cryptocurrency world was shaken to […]
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Bybit CEO Affirms Solvency After Record-Breaking $1.4 Billion Hack Bybit, a leading cryptocurrency exchange, faced an unprecedented security breach, resulting in the theft of approximately $1.46 billion in Ethereum (ETH) and staked Ethereum (stETH). Despite this massive heist, Bybit CEO Ben Zhou swiftly reassured users of the exchange’s solvency and its ability to cover the […]
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