Bybit revealed that the recent $1.4 billion hack did not compromise its infrastructure and was caused by a vulnerability in a Safe developer machine. According to the exchange's initial forensic report, the attack was executed through Safe's AWS S3 bucket, allowing bad actors to manipulate the wallet front end.

The capital markets firm Citadel Securities is reportedly planning on diving into the crypto sector. Bloomberg, citing “people familiar with the matter,” reports that the market maker aims to serve as a liquidity provider for crypto assets.

An investigation into the recent Bybit hack has determined that the attackers most likely took advantage of a vulnerability in Safe, the crypto wallet that Bybit was using. Late last week, hackers linked to North Korea's Lazarus Group pulled off what is believed to be the biggest heist in history, stealing $1.

Volatility is the name of the game when it comes to crypto markets, and this week offered participants more of the same: an $800 billion rout since January.

The defendant has been indicted by a federal grand jury for allegedly participating in a scheme to inflate the prospects of certain tokens.

Raise intends to use its financing to develop its blockchain-based gift card program called Smart Cards.

Crypto wallet provider Phantom has announced the acquisition of SimpleHash, a non-fungible token data platform that supports over 80 blockchains.

The founder of a cryptocurrency financial services firm has been extradited from Portugal to face U.S. charges that he participated in a wide-ranging scheme to manipulate the market for digital tokens on behalf of client companies.

Bank of America, one of the largest financial institutions in the US, is planning to launch its own stablecoin, according to its CEO. In a new interview at the Economic Club of Washington, D.C., Bank of America CEO Brian Moynihan says they intend to launch a stablecoin once laws change to allow it, Fortune reports.

Former Congressman Patrick McHenry, who advocated for crypto in the last few years of his political career, is joining VC firm a16z as a senior adviser.

The UK government has introduced the Crime and Policing Bill, aimed at enhancing the country's ability to recover proceeds from cryptocurrency-related crime.

Lawmakers voted to support a resolution to overturn a controversial tax rule and will head to the full House of Representatives for a vote.

Metro Singapore has announced an innovative partnership with Dtcpay, a leading digital payment solutions provider, to introduce stablecoin payments across its stores. This strategic collaboration enables customers to make seamless transactions using popular digital currencies such as USDT (Tether) and USDC. The post Singapore's Department Store Metro to Support Stablecoin Payments appeared first on Cryptonews.

Bank of America CEO Brian Moynihan stated that the bank is ready to launch a stablecoin, pending U.S. regulatory approval.

Washington's battle over cryptocurrency regulation could set up a potential clash between pro-crypto Democratic lawmakers and Senator Elizabeth Warren, a longtime fault-finder of the digital assets industry. The divide comes just months into Warren's tenure as the liberal leader on the Senate Banking Committee, placing her at odds with some members of her party.

Bybit stated its infrastructure was unaffected in the $1.4 billion security incident involving compromised developer machine credentials at Safe Wallet, which enabled unauthorized transactions.

The cryptocurrency market is facing uncertainty following the announcement by U.S. President Donald Trump that a 25% tariff will be imposed on imports from the European Union. The decision, which targets automobiles and other goods, has sparked concerns about potential trade disruptions.

A joint resolution in Congress seeks to reverse a December move by the IRS to impose a tax regime in DeFi, and the House has taken the first steps to do that.

Pump.fun wrested custody of its X account from exploiters following a short breach by unknown bad actors.

A forensic investigation into the Bybit hack revealed that attackers exploited a Safe developer machine to insert malicious code, deceiving Bybit's cold wallet.

An independent audit report confirmed that North Korea's Lazarus infiltrated Safe's infrastructure to rob Bybit's Ethereum wallet.

FTX's bankruptcy costs are approaching $1 billion, making it one of the most expensive Chapter 11 cases in U.S. history.

Bank of America's CEO Brian Moynihan says the company is considering launching its own stablecoin. The firm anticipates comprehensive new stablecoin regulation in the US, which would give it a great opportunity.

Tyler Williams previously served several roles in the U.S. government.

Early reports point to a third-party vulnerability as Bybit tries to find the remote and immediate causes of its security breach. While the interim investigation has absolved the exchange of blame, experts say the hack may be mitigated with watertight guardrails.

TL;DR The forensic investigation into the Bybit hack revealed that a SafeWallet developer was attacked, which allowed Lazarus Group to steal over $1.4 billion in ETH. Changpeng Zhao (CZ), former CEO of Binance, criticized the lack of clarity in SafeWallet's response, pointing out the vagueness in the details of the attack.

The Bybit hack involved malicious injected into Safe Wallet, allowing attackers to divert funds from the exchange's cold wallet to an external address.

Andreessen Horowitz has appointed former Congressman Patrick McHenry as a senior advisor for technology policy, leveraging his extensive experience in cryptocurrency regulation and financial innovation.

DekaBank, a German investment bank with $395 billion in assets under management, is reportedly rolling out crypto trading services for certain clients. According to a new report by Bloomberg, DekaBank is now providing the purchase, sale, custody and management of cryptocurrencies for its institutional customers.

BoA's CEO said that pursuing innovative financial technology and maintaining physical branches are central to the bank's business strategy.

Binance has alerted users to the rising threat of SMS phishing attacks where scammers manipulate sender information to appear legitimate, emphasizing the exchange never contacts users through SMS channels.

Pump.fun, a Solana-based meme coin platform, experienced a suspected compromise of its official X account, @pumpdotfun, after user reports of scam token promotions linked to the breach emerged. Pump.fun Faces X Account Hack On Feb.

“Avoiding this particularly high risk activity is quite simple: Don't engage in face-to-face trades," developer Jameson Lopp told Decrypt.

The United States and Exchange Commission has dropped its probe into Robinhood Crypto, the cryptocurrency unit of the popular financial services company, less than a year after issuing the company with a Wells notice notifying it of imminent enforcement action.

The crypto market crash has taken its toll on Bitcoin and other major altcoins, with a general market cap decrease of over $0.3T. So, what comes next?

Brian Moynihan said this week that a "Bank of America Coin" will launch if the United States passes stablecoin legislation.

The United States Congress said that it would push to pass legislation on stablecoins in the first 100 days of the Trump administration.

Bank of America Corp. (NYSE:BAC) CEO Brian Moynihan has signaled the financial services industry's imminent entry into the crypto economy, highlighting the potential for stablecoins to become a significant part of the banking landscape. What Happened: In an interview with David Rubenstein at the Economic Club of Washington, D.C.

The fact that the Trump administration has installed many crypto-friendly people in positions of power doesn't mean that the industry will now get a free pass.

The Crime and Policing Bill has measures on how to value crypto and retrieve it from criminals.

In light of the recent drop in the crypto market, Richard Teng, CEO of Binance, shows measured optimism. In an analysis published on February 25, he describes this decline as a mere "tactical retreat" rather than a fundamental shift in trend, reminding of the historical resilience of the sector.

SimpleHash marks crypto wallet Phantom's third acquisition in recent months, following Blowfish and Bitski.

Lazarus appears to have compromised a Safe developer machine, allowing it to inject a highly-targeted script used to control Bybit's wallet.

Peru has emerged as a major player in the Latin American bitcoin sector. According to Lemon's most recent research, “Estado de la Industria Crypto 2024,” (State of the Crypto Industry 2024) the country ranks seventh in terms of cryptocurrency value received. The report shows that the country ranks third in annual growth within the area.

Cryptocurrency wallet MetaMask has announced the expansion of its fiat off-ramp services to support additional blockchain networks. The move aims to enhance the conversion of digital assets into traditional currency.

Institutional investors are increasingly allocating to crypto, but the key question is whether to focus solely on bitcoin or diversify across multiple cryptocurrencies to optimize risk-adjusted returns and portfolio resilience.

Pump.fun's X (formerly Twitter) account suffered a hack this morning, promoting a fake governance token. One wallet was able to gain over $135,000 in one minute by manipulating its price jump.

Robinhood Markets Inc (NASDAQ:HOOD) CEO Vlad Tenev is optimistic about the company's future and the broader cryptocurrency landscape, highlighting the firm's strong performance and the changing regulatory environment under the Trump administration. What Happened: In a Bloomberg TV interview on Tuesday, Tenev emphasized Robinhood's recent success, noting the company's first billion-dollar revenue quarter and record net income profits.