The crypto-market is rocking once again after one of the biggest hacks ever.

The recent Bybit hack of $1.5 billion has raised serious security concerns, with reports confirming the attackers used a highly sophisticated method to drain millions in crypto assets. Crypto analyst David Leung has provided a detailed breakdown of how the attack unfolded, revealing major lapses in Bybit's security.

I would support it because we already voted no on immutability in 2016, Hayes said on X. Others are worried that a potential rollback would hurt the Ethereum ecosystem.

The cryptocurrency market experienced a downturn following a major security breach at Bybit, where hackers managed to drain $1.4 billion in Ethereum. This has rattled investor confidence, leading to a wave of liquidations worth $566.64 million, per Coinglass data. As a result, the market cap of the business is down 1.86% to $3.17 Trillion.

Franklin Templeton has introduced the Franklin Crypto Index ETF (EZPZ) on the Cboe BZX Exchange, offering investors exposure to Bitcoin (BTC) and Ethereum (ETH). The ETF, weighted 82% BTC and 18% ETH, tracks market capitalization and may expand to include more cryptocurrencies pending regulatory approval.

Bybit, a leading cryptocurrency exchange, has fallen victim to one of the largest security breaches in digital asset history. Reports indicate that hackers stole approximately $1.46 billion in Ethereum (ETH) from Bybits hot wallets, sending shockwaves across the crypto industry.

JPMorgan (JPM) analysts report that the cryptocurrency market currently lacks positive catalysts, contributing to weak demand for Bitcoin (BTC) and Ethereum (ETH) futures. Both assets have seen their futures contracts nearing backwardation, where spot prices exceed futures prices, signaling lower investor confidence.

The New York Stock Exchange (NYSE) has submitted a proposed rule change aimed at allowing the Grayscale Ethereum Trust (ETHE) and the Grayscale Ethereum Mini Trust (EZET) to stake their ETH holdings.

Analyst predictions and increasing network activity could mean something for ETH in 2025

Crypto market today (February 22): Bitcoin (BTC), Ethereum (ETH), and other altcoins reflect an alarmingly waning price action as the week comes to a close. Primarily against Bybit's recent $1.4 billion hack, over $566 million was liquidated across the broader market in the last 24 hours.

Bybit CEO Ben Zhou has confirmed that the $1.5 billion security breach on the exchange resulted in the loss of 70% of its Ethereum (ETH) holdings.

Earlier today, Bybit lost $1.5 billion in digital assets after one of its cold wallets got compromised. Following the incident, Bybit received over 350K customer withdrawal requests.

Ethereum launches the Pectra Audit Competition on Cantina, focusing on enhancing blockchain security with key EIPs. The event runs from February 21 to March 24.

Ethereum security researchers hackers deployed malware and then forced the multisig holders to "blind sign" a malicious transaction.

The Lazarus Group, a hacking organization linked to North Korea, has been identified as behind the recent $1.4 billion Ethereum theft from cryptocurrency exchange Bybit. This revelation was made after blockchain investigator ZachXBT provided strong evidence linking the attack to them.

Bybit has officially reported the $1.5 billion hack to authorities, launching an aggressive effort to track and block the 401,000 ETH stolen from its cold wallet. The exchange confirmed that law enforcement is involved, and forensic teams are working to demix hacker addresses to limit how the funds can be sold.

Ethereum has been gaining traction as it looks to reclaim the $3,000 mark after a period of consolidation. With Bitcoin bouncing back to the $98,000 mark, Ethereum has followed suit, rising to $2,755 with a 0.61% intraday recovery.

Ethereum's whale activity is battling institutions as price action replicates previous BTC pattern.

Cryptocurrency markets are trading lower on Friday after a $1.4 billion hack on Bybit dragged down the market. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $95,385.38 -3.1% Ethereum (CRYPTO: ETH) $2,634.96 -4.3% Solana (CRYPTO: SOL) $168.78 -3.5% XRP (CRYPTO: XRP) $2.52 -6.9% Dogecoin (CRYPTO: DOGE) $0.2400 -5.6% Shiba Inu (CRYPTO: SHIB) $0.00001494 -4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 12.3% and daily active addresses growing by 4%.

Investigator ZachXBT says the hack was pulled off by the North Korean Lazarus Group, connecting it on chain to the Phemex hack.

The transfer of ETH to Bybit highlights the importance of collaboration and trust among exchanges in maintaining stability after security breaches. The post Binance and Bitget transfer over 50K ETH to Bybit in sign of confidence appeared first on Crypto Briefing.

Ethereum (ETH) price has recorded a 4% decline in the past 24 hours, trading below $2,650 at press time. The drop follows reports of a security breach at cryptocurrency exchange Bybit, which confirmed an unauthorized transfer of approximately 401,347 ETH, valued at $1.12 billion, from its cold wallet.

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?

On-chain sleuthing linked Friday's $1.4 billion hack of crypto exchange Bybit to North Korea's Lazarus Group, Arkham Intelligence said.

The Bybit Hack has shaken the market today, with over $1.46 billion in ETH stolen, marking one of the largest security breaches in history. As the stolen assets are being liquidated, Ethereum's price dropped by 5% in a straight line, impacting key technical indicators.

Today, Bybit experienced a massive hack from Lazarus Group that wiped out 400,000 ETH worth around $1.5 billion from its cold wallets today and shortly after said it was gonna get some loans to settle users.

Following the Bybit hack, the team organized a livestream to deliberate on the recent billion-dollar hack that transpired on the exchange. Bybit's founder Ben Zhao clarified that the platform was undergoing “massive withdrawals” but emphasized, “It's not an issue—We have enough tokens to give to clients.

Financial markets do not only react to numbers but also to the feelings and expectations of investors. In the crypto universe, where volatility is the norm, every signal emitted by a major institution can influence trends.

Bybit Co-Founder and CEO Ben Zhao said all client withdrawals will be processed, even if they are under review, following the firm's $1.4 billion hack Friday morning.

Bybit, one of the world's largest cryptocurrency exchanges, fell victim to a massive security breach on February 21, 2025, resulting in the loss of more than $1.4 billion worth of digital assets.

On-chain data shows Bitcoin (CRYPTO: BTC) has maintained its strength comparatively to overall crypto market volatility as a major market move may be imminent. What Happened: In a post on X on Friday, analytics provider Glassnode showed meme coins experiencing sharp declines, with TRUMP (CRYPTO: TRUMP) dropping by 33.1% and Shiba Inu (CRYPTO: SHIBA) falling by 27.9%.

Bybit loses $1.4B in hacked wallet transfer, remains solvent despite the breach as Ethereum price drops 2%.

Ben Zhou, ByBit CEO, assured the public that user funds were safe and the platform could cover losses from the largest crypto exchange hack in history.

Looking at the current market sentiment and ongoing liquidations, it appears that the crypto market is crashing today. However, this market crash comes after several positive developments in recent days.

It has been a rough couple of years for ETH, hasn't it? The jokes, the memes, the endless debates about its relevance.

Ethereum (ETH) has dropped by 3.6% in the past couple of hours as Bybit, the second-largest exchange in the world by spot trading volume, confirmed that it was hacked.

Bitcoin is showing signs of strength by rallying within a hair of $100,000. Which altcoins will follow?

Bybit founder Ben Zhou has raised concerns that multisig wallet provider Safe may have been compromised, allowing hackers to steal $1.4 billion in Ethereum (CRYPTO: ETH). Speaking in a live stream, Zhou explained that the attack targeted Bybit's Ethereum cold wallet, but all other wallets, including its Bitcoin (CRYPTO: BTC) reserves, remain unaffected.

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Ethereum has yet to return to its all-time high for over three years, a stark contrast to Bitcoin, which has surged past many price levels in the current cycle. Despite being the second-largest cryptocurrency, Ethereum has struggled to keep up with the broader market even during price rallies.

BNB Chain announces the Pascal hard fork to improve Ethereum compatibility, introducing native smart contract wallets and enhanced cryptography. Scheduled for February 2025 on testnet and March 2025 on mainnet.

Mutuum Finance (MUTM) is rapidly emerging as a breakthrough force in the crypto market, with its opening phase of the presale already surpassing $1 million in funding and attracting over 1,900 holders.

Bybit co-founder and CEO Ben Zhou said Friday that the platform is struggling to keep up with withdrawal requests after a $1.4 billion hack.

Cryptocurrency exchange Bybit said on Friday that an attacker gained control of an ether wallet and transferred the holdings to an unidentified address.

The Singapore-based crypto exchange Bybit says it's suffered a major security breach involving its Ethereum (ETH) cold wallet. According to the crypto analysis firm Arkham, about $1.4 billion in ETH and stETH has been taken.

Recent fluctuations in Ethereum's price range have become a point of focus for both market analysts and investors. Currently, Ethereum (ETH) trades at approximately $2,818, indicating that the market is moving cautiously. Key price levels are expected to significantly influence Ethereum's price trajectory 1in the near term.

TL;DR Bybit suffered a cyber attack, resulting in the theft of over $1.4 billion in stETH and MegaETH (mETH). The exchange's CEO confirmed that the attackers manipulated a transaction in a multisignature wallet to steal funds, but assured that the other cold wallets are secure.

Bybit's Ethereum cold wallet was drained in a transaction upgrade attack, draining $1.46B in funds. The exchange remains solvent and will continue operations, as only one multisig wallet was affected.