How the Crypto Exchange Bybit Lost $1.5 Billion to North Korean Hackers
On the night of Feb. 21, Ben Zhou, the chief executive of the cryptocurrency exchange Bybit, logged on to his computer to approve what appeared to be a routine transaction.…
Bybit asks DAO to return fees earned from hack transactions
Bybit onfirmed it was behind a proposal requesting that decentralized finance (DeFi) protocol ParaSwap return fees earned from swaps conducted by the Lazarus Group using digital assets stolen from the…
Bybit hacker launders 100% of stolen $1.4B crypto in 10 days
The Bybit exploiter has laundered 100% of the stolen funds after staging the biggest hack in crypto history, but some of the funds may still be recoverable by blockchain security…
THORChain generates $5M in fees, $5.4B in volume since Bybit hack
THORChain generated more than $5 million in total revenue after the protocol’s asset swap volume hit record highs, driven by the exploiter behind the $1.4 billion Bybit hack. Centralized crypto…
Crypto lost to exploits, scams hits $1.5B in February with Bybit hack: CertiK
Losses to crypto scams, exploits and hacks totaled nearly $1.53 billion in February, with the $1.4 billion Bybit hack accounting for the lion’s share of losses, said blockchain security firm…
Bybit hackers resume laundering activities, moving another 62,200 ETH
North Korea’s Lazarus Group laundered another 62,200 Ether, worth $138 million, from the Feb. 21 Bybit hack on March 1 — leaving only 156,500 left to be moved, a pseudonymous…
Secure onchain UI would have prevented Bybit hack — Dfinity founder
Dominic Williams, the founder and chief scientist at the Dfinity Foundation — a nonprofit organization that maintains and facilitates the development of the Internet Computer Protocol (ICP) — recently told…
This Week In Crypto Asia: Bybit Enters UAE With In-Principle Approval
Despite being caught in the middle of a massive controversy, post the $1.4 billion hack, Bybit has announced securing an In-Principle Approval (IPA) in the UAE. The Securities and Commodities…
Bybit hacker launders $605M ETH, over 50% of stolen funds
The Bybit exploiter managed to launder over 50% of the stolen funds within a week since it exploited the exchange, despite onchain analysts pursuing the identity of the exploiters. Centralized…
Pi Network responds to Bybit CEO’s scam allegations
Pi Network has responded to a controversy triggered by a post from Bybit CEO Ben Zhou challenging the project’s legitimacy and accusing it of being a scam. On Feb. 20,…