Bybit Suffers Largest Crypto Hack in History, Losing $1.5B
Just as the crypto industry celebrated a landmark victory in the Coinbase vs. SEC lawsuit on Feb. 21, Bybit suffered the largest security breach in crypto history. The Dubai-based exchange, which is the second-largest by trading volume, lost an estimated $1.5 billion in staked Ethereum (ETH) and ERC-20 tokens in a massive exploit that has […]
Bybit Offers $140M Bounty for Stolen Funds Recovery
Dubai-based cryptocurrency exchange Bybit has launched a recovery bounty program following the $1.4 billion security breach that compromised Ethereum (ETH) holdings. The bounty program offers a 10% reward on recovered funds, meaning successful participants could earn up to $140 million if a full recovery is achieved. This initiative marks one of the largest bounty programs […]
Lazarus Moves $27M in ETH After Bybit Hack
The Lazarus Group has moved 10,000 Ethereum (ETH)—valued at $27 million—to a wallet labeled Bybit Exploiter 54 on Feb. 22, in an attempt to launder stolen funds, according to on-chain analytics firm Lookonchain. Further on-chain data, analyzed by ZackXBT, reveals that the North Korean-linked hacking group currently controls: Lazarus Rapidly Moving Stolen Funds According to […]
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