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 […]
Saylor: U.S. Should Buy 20% of Bitcoin Supply
Strategy co-founder Michael Saylor has suggested that the United States could acquire 20% of Bitcoin’s supply “for free”, claiming that owning 4 to 6 million BTC would be enough to eliminate the national debt. Speaking at the annual CPAC conference, Saylor argued that a federal Bitcoin reserve would strengthen the U.S. dollar while preventing rival […]
SEC Drops Lawsuit Against Coinbase
After 18 months of litigation, the U.S. Securities and Exchange Commission (SEC) has agreed to fully dismiss its lawsuit against Coinbase Global Inc. (NASDAQ: COIN) next week. On Friday, Coinbase CEO Brian Armstrong confirmed that the SEC staff had agreed in principle to drop the case, which began in June 2023, with zero fines and […]
Solana Memecoins Crash as RCO Finance Gains Traction
The Solana (SOL) ecosystem has been rocked by the meteoric rise and collapse of memecoins, creating uncertainty among traders. While low fees and fast transactions have made Solana a hub for speculative assets, the market’s growing volatility has led to significant losses for many investors. As traders seek more stable and AI-driven DeFi solutions, RCO […]
Metaplanet Becomes Top Bitcoin Holder in Japan
Metaplanet Now Owns 0.01% of Bitcoin’s Supply Japanese firm Metaplanet Inc. has reached a major milestone, now holding 0.01% of Bitcoin’s 21 million supply limit. This achievement places the company among the top 15 corporate Bitcoin holders globally. The firm’s latest acquisition saw it purchase 68.59 BTC for approximately $6.6 million, at an average price […]
Pig Butchering Crypto Scam
British police have arrested and charged two men in connection with a Pig Butchering Crypto Scam, targeting a 75-year-old pensioner from Aberdeenshire. The victim lost a six-figure sum in July 2024, triggering an investigation by Police Scotland. Officers from the North East division traveled to England and worked with West Midlands and South Yorkshire Police. […]
Pump.fun Co-Founder Condemns LIBRA Meme Coin Scandal
Alon Cohen, co-founder of meme coin creation platform Pump.fun, has spoken out against the controversy surrounding the LIBRA token, calling for reforms in the crypto space. 📌 LIBRA’s price surged after Argentine President Javier Milei’s now-deleted post, only to crash 94% as insiders allegedly cashed out with over $100 million. 📌 Hayden Davis, a key […]
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