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news-imageFebruary 24, 2025

$1.4 Billion Bybit Hack: eXch Accused of Handling Stolen Crypto

eXch, a cryptocurrency exchange, has rejected claims that it helped launder money stolen in the recent Bybit security breach.
Publisher: BitDegree
Sentiment: Negative
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Positive
cover-imageBitcoin
February 24, 2025

Crypto Mining Equipment Manufacturer Bgin Blockchain Plans $50 Million IPO

Singapore-based Bgin Blockchain Limited has filed with the U.S. Securities and Exchange Commission for an initial public offering (IPO) expected to raise up to $50 million. The company plans to offer approximately 59.54 million Class A ordinary shares and 15.

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Positive
cover-imageCryptonews
February 24, 2025

Deribit Plans Hong Kong Expansion as City Pushes to Become Virtual Asset Hub

Deribit, the world's largest cryptocurrency derivatives exchange, is setting its sights on expanding into Hong Kong, as the city intensifies efforts to become a leading hub for virtual assets. The post Deribit Plans Hong Kong Expansion as City Pushes to Become Virtual Asset Hub appeared first on Cryptonews.

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Negative
cover-imageDailycoin
February 24, 2025

Bybit Restores Reserves After Massive Hack

Bybit replenishes reserves after $1.4B ETH hack, but the case highlights growing security risks and North Korean-linked crypto hacks.

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Negative
cover-imageCrypto Economy
February 24, 2025

Infini Faces $50M Hack—How a Developer Allegedly Pulled Off the Attack

TL;DR Infini was hacked for $50 million by a developer who retained administrative privileges post-project completion, raising serious security concerns in the DeFi ecosystem. The attacker used 1 ETH from Tornado Cash to fund the hack, transferred $49.52 million worth of USDC through a custom contract, and swapped it for DAI to avoid detection.

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Negative
cover-imageAltcoin Buzz
February 24, 2025

Bybit Stolen Funds May Hit Crypto Mixers Next

Blockchain analytic firm Elliptic shared a key insight into the Bybit hack. The platform predicts that the hackers, now identified as the notorious Lazarus group, are likely to launder the stolen funds using crypto mixers.

general-iconGeneral
Negative
cover-imageCrypto news
February 24, 2025

Crypto exchange eXch denies Bybit laundering accusations

Crypto exchange eXch has denied allegations that it was involved in laundering the funds stolen from Bybit, following claims from several sources. eXch has denied allegations of laundering funds stolen from Bybit.

general-iconGeneral
Positive
cover-imageCoinPedia
February 24, 2025

Top Altcoins to Buy Now Amid the Crypto Market Dip

The crypto market took a slight hit after the Bybit hack, bringing the total value down to $3.14 trillion. Bitcoin is holding around $95K, while altcoins are struggling—Ethereum dropped to $2,715, XRP fell even more, and Solana took the biggest hit, losing over 6%.

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Negative
cover-imageCoinpaper
February 24, 2025

Stolen Bybit Crypto May Be Hard to Launder Due to Its Scale

The recent $1.4 billion Bybit hack was linked to North Korea's Lazarus Group, which is now trying to launder the stolen funds through mixers, decentralized exchanges, and cross-chain bridges.

general-iconGeneral
Negative
cover-imageCoingape
February 24, 2025

3 Altcoins to Sell As Fears of Bear Market Grip Crypto Market

Following ByBit's $1.4B hack, the crypto market is experiencing significant corrections, reflecting a bearish momentum. As a result, investors are exploring potential bear market outlooks, especially since more than $500 million has been liquidated across the cryptocurrency market since February 21.

general-iconGeneral
Negative
cover-imageCointribune
February 24, 2025

Bybit Ready To Do Anything To Recover The Stolen Funds

Bybit's CEO, Ben Zhou, recently addressed the issue of a rollback of the Ethereum blockchain following the hack carried out by the Lazarus group on February 21, 2025. This hack resulted in the theft of 489,395 ETH, amounting to approximately $1.4 billion, spread across 54 wallets.

general-iconGeneral
Negative
cover-imageAltcoin Buzz
February 24, 2025

Bybit Founder Confirms Hack. What Happened?

Founder of crypto exchange Bybit, Ben Zhou, confirmed a hack on the exchange on Friday, February 21st. Attackers drained ETH worth $1.5 billion from the Dubai-based exchange, leaving several users in panic.

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Positive
cover-imageCoingape
February 24, 2025

Safe Wallet Introduces New Security Features following Bybit Hack – Removes Ledger Integration

Safe Wallet, the Ethereum multisignature wallet security provider that temporarily paused certain functionalities following Bybit Hack, announced this morning that it has added an additional layer of security measures. Aiming for a phased roll-out within the next 24 hours, the step comes as a part of Safe Wallet's ongoing improvisation and protective efforts since the

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Positive
cover-imageCoingape
February 24, 2025

4 Potential Altcoins to Turn $900 into $90,000 in 2025

Although the cryptocurrency market is recognized for its volatility, high risk investments, can sometimes result in enormous benefits. Although Bitcoin dominates headlines, altcoins often steal the show for early investors, turning modest bets into massive wins.

general-iconGeneral
Positive
cover-imageCrypto Reporter
February 24, 2025

3 Best Crypto Investments in Feb 2025 That Are Worth Watching

The crypto market never sleeps, and is already shaping up to be an exciting month for investors. With Bitcoin and Ethereum stabilizing after their recent rallies, attention is shifting toward high-potential altcoins that are bringing real-world utility and groundbreaking innovations.

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Neutral
cover-imageCointribune
February 24, 2025

CryptoQuant Warns : This Altseason Is Unlike The Others

Altcoins are gaining ground again, but this time, the scenario seems different. Historically, each altseason was triggered by a rotation of capital from Bitcoin to alternative cryptos, leading to a widespread market rally.

general-iconGeneral
Positive
cover-imageBitcoin
February 24, 2025

Malaysian Prime Minister Discusses Crypto Frameworks During UAE Visit

Malaysian Prime Minister Anwar Ibrahim announced that Malaysia and Bahrain are deepening economic ties, focusing on cryptocurrency, the Sandbox platform, tourism, connectivity, and manufacturing. Bahrain also pledged support for upcoming Asean-GCC summits. Anwar's visit, at the invitation of Bahrain's Crown Prince, aims to strengthen bilateral cooperation and benefit both nations' economies.

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Negative
cover-imageCryptonews
February 24, 2025

Bybit Hack Proceeds May Now Be Routed Through Mixers: Elliptic

Hackers may launder Bybit's $1.4B stolen funds through crypto mixers, but the large asset volume could complicate the process, Elliptic warned. The post Bybit Hack Proceeds May Now Be Routed Through Mixers: Elliptic appeared first on Cryptonews.

general-iconGeneral
Positive
cover-imageBeInCrypto
February 24, 2025

Losing Money with Manual Crypto Trades? How AlgosOne's AI Bot Can Help

Digital currencies offer incredible money-making opportunities. However, when it comes to trading cryptocurrencies, the markets are so volatile that even if you anticipate a coin's trajectory correctly, you still need to exit your trade at precisely the right moments to ensure a profit.

general-iconGeneral
Negative
cover-imageCrypto news
February 24, 2025

Infini neobank reportedly suffers a $49.5M hack

Crypto-focused neobank Infini has reportedly suffered a $49.5 million exploit, with stolen funds being swapped to DAI and used to purchase ETH. CertiK first flagged suspicious activity on Feb.

general-iconGeneral
Negative
cover-imageCryptonews
February 24, 2025

Stablecoin Bank Infini Hit by $49.5M Exploit, Founder Vows Full Repayment

Following the $1.4 billion Bybit hack on Friday, Hong Kong-based stablecoin digital bank Infini suffered a security breach draining nearly $50 million USDC. The post Stablecoin Bank Infini Hit by $49.5M Exploit, Founder Vows Full Repayment appeared first on Cryptonews.

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