Bybit has restored 50% of its Ether reserves after the $1.4 billion hack, securing $390 million in loans and emergency support from crypto industry leaders.
Bybit’s assets fell by more than $5 billion after its $1.4 billion hack on Feb. 21, but independent audits confirm its reserves still exceed liabilities, ensuring full backing for user funds. Read More
Ethereum core developer Tim Beiko says that despite growing calls for an Ethereum network rollback, it is “technically intractable.” Read More
The record-breaking $1.4 billion Bybit hack displays the “increasingly creative exploits” seen in the crypto industry, Halborn’s co-founder told Cointelegraph. Read More
From rapid withdrawals to social media’s real-time breakdown, here’s how Bybit’s record-breaking $1.4 billion hack took shape. Read More
Onchain evidence following the $1.4 billion Bybit hack has linked North Korea’s Lazarus Group to the Phemex hack in January, according to ZachXBT. Read More
The $1.4 billion hack was caused by similar attack vectors as the $230 million WazirX hack and the $58 million Radiant Capital hack, according to Cyvers. Read More
Bybit CEO Ben Zhou said that withdrawals have returned to a “normal pace” after the major exploit that drained $1.5 billion from the exchange. Read More
Newly launched funds holding Bitcoin and Ether have so far seen scant interest from investors. Read More
When it comes to crypto, value is determined by price, utility and users. Based on these metrics, is Solana or Ethereum winning the battle to be the best blockchain? Read More
Current Crypto Buzz
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