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.

Ethereum faced steep losses Friday after a security breach at Bybit drained an estimated $1.4 billion from the exchange. Ethereum Faces 2.6K Low Following the Hack—Can Recovery Hold? Bybit's CEO confirmed on Feb.

XRP has surged ahead of Ethereum in trading revenue on Coinbase, marking a significant milestone for the asset.

The crypto exchange ByBit has been hacked, and roughly $1.5 billion in Ethereum (ETH) has been stolen — making this one of the biggest hacks in history. On Feb. 21, the crypto trading platform stated on social media platform X that it detected unauthorized activity involving one of its Ethereum cold wallets.

In a development that could have a significant impact on the Ethereum price, cryptocurrency exchange Bybit has confirmed a major security breach involving its ETH cold wallet.

Bybit founder Ben Zhou has confirmed that the cryptocurrency exchange suffered a $1.4 billion Ethereum (CRYPTO: ETH) hack, making it one of the largest security breaches in recent history. The attack, which targeted Bybit's Ethereum cold wallet, resulted in the loss of 401,347 ETH ($1.12 billion), 90,376 stETH ($253 million), 15,000 cmETH ($44 million), and 8,000 mETH ($23 million), according to Onchain Lens.

Bybit confirmed its multi-sig cold wallet was breached hours after the crypto exchange increased access to liquidation data for transparency.

The crypto market experienced a significant downturn after Bybit, a prominent cryptocurrency exchange, announced a devastating hack involving $1.5 billion worth of cryptocurrencies. This incident marks the largest crypto hack to date. Recent updates, including statements from the CEO, confirm that Bybit was compromised, resulting in the loss of approximately $1.5 billion in Ethereum.

On Friday, onchain investigators including Arkham Intelligence and Zachxbt identified an alleged “security incident” involving more than $1 billion in outflows from Bybit. Onchain Experts Report $1B+ Outflow From Bybit in Latest Security Incident The incident saw $1.

Crypto exchange Bybit was attacked Friday, CEO Ben Zhou confirmed, with more than $1.4 billion worth of funds apparently swiped.

Bybit confirmed a series of malicious transactions, which redirected $1.46B from its cold wallets to unauthorized addresses.

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A hacker took control of an ETH cold wallet on the Bybit exchange on Feb. 21, stealing over $1.4 billion in funds.

In addition, respondents are interested in Solana and AI-based projects, followed by Ethereum and BNB Chain as alternative investment options. The post Almost 80% of FTX Creditors Will Reinvest in Crypto, 62% Plan to Buy Solana – Survey appeared first on Cryptonews.

Bybit, the Singapore-based centralized crypto exchange, according to several crypto security experts and researchers.

The move happened as crypto exchange Bybit saw a sudden $1.4 billion worth of ETH outflow.

In a developing story, the Bybit exchange is suspected to have been hacked for over $1.4 billion. This comes following a report from on-chain sleuth ZachXBT about ETH outflows from the crypto exchange.

Ethereum has been attempting to reclaim the $2,800 level for days, but bears continue to apply selling pressure, keeping the price below this key resistance. Despite this, demand remains strong, with bulls successfully holding ETH above the crucial $2,600 support level.

Pepe coin has entered a bear market this year after plunging 65% from its all-time high. Pepe (PEPE), the second-biggest Ethereum (ETH) meme coin after Shiba Inu (SHIB), has plunged to the key support at $0.000010.

The cryptocurrency market witnessed an exciting day today, as most tokens, including the SOL token, attempted recovery. According to the market stats, the Solana price surged 4% today.

Ethereum price is on a strong upward momentum, supported by a favourable crypto market sentiment, as well as DeFi and ETF growth.

Many traders are losing faith, and capital is flowing to Ethereum and Arbitrum instead. Memecoins have been a wild ride, but for Solana, they're starting to cause real damage.

One of the main topics of the cryptocurrency market for over a year already are exchange-traded funds. First it was leading cryptocurrency Bitcoin (BTC), then major alternative asset Ethereum (ETH), and now after their approval the focus shifted to other assets.

Bitcoin (BTC) picked up momentum as it climbed above $98,000, as short-term bulls eye the $100,000 level. A break above this level could power BTC towards $105,000.

Pi Network's token has dropped over 65% in less than 24 hours following its much-awaited mainnet launch. The token's entry into the markets came at lower values than the IOU price predictions of over $60, and shortly after launch, it dropped below the $1 mark after holders started taking exit positions.

The financial services giant Franklin Templeton has launched a mixed Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded fund (ETF). Coinbase will provide custody services for the new Franklin Crypto Index ETF (EZPZ), the firm's third crypto exchange-traded fund. Franklin Templeton also launched single-asset Bitcoin and Ethereum ETFs last year.

On-chain data analysis shows the Ethereum network has recorded a 12.1% increase in new addresses during the past week.

Solana memecoin scams and rug pulls are driving capital outflows to Ethereum and Arbitrum as user activity declines, but analysts say it may benefit Solana long-term.

Solana memecoin scams and rug pulls are driving capital outflows to Ethereum and Arbitrum as user activity declines, but analysts say it may benefit Solana long-term.

Ethereum is facing a crucial resistance region, including the 200-day moving average and the descending wedge's lower boundary. The price action at this level is critical, as a potential rejection could lead to a decline toward the $2.5K threshold.

Ethereum (ETH) price trades today at as of as China's M1 money supply nearly doubled from 60 trillion Yuan to 112 trillion Yuan. Ether prices hit a daily high of today after rising % on.

TL;DR $2 billion worth of Bitcoin and Ethereum options are expiring today, causing market volatility and uncertainty as traders watch closely. Analysts note a put-to-call ratio below 1 for both BTC and ETH, indicating more bets on price increases, but the max pain theory suggests potential corrections.

Unsurprisingly, crypto investors are nervous about the over $3 trillion drop in Bitcoin's total market cap, and the loss of $54 billion in just 24 hours. President Trump was perceived as the most crypto friendly US leader to ever enter office but his tariff policies have had a negative impact on the entire digital currency market.

Bitcoin ETFs experienced a substantial net outflow of $365 million, while ether ETFs saw a $13 million withdrawal, ending a four-day streak of inflows. Crypto ETFs Face Setbacks With $365 Million and $13 Million Outflows The notable capital movements on Thursday, Feb. 20 saw bitcoin exchange-traded funds (ETFs) face a significant net outflow of $364.

Solana briefly crossed over the $180 threshold after it rose by 4.3%. This is the first time SOL has gone over $180 since its LIBRA-induced slump.

Solana whales preferring staking over meme coins despite the possibility of a price drop to price in the unlocks.

CryptoQuant CEO Ki Young Ju has confirmed that altcoin season has officially started, but he notes a major shift in market behavior compared to previous cycles. What Happened: In a post on X on Friday, Ju stated, “Alt season has begun.

This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail. Ethereum (ETH) Ethereum continues to consolidate and closed the week with a 2% price increase.

On Feb. 19, the trading giant announced the launch of Solana (SOL) futures contracts on its regulated U.S. derivatives exchange. With approval from the Commodity Futures Trading Commission (CFTC), this move is significant.

TL;DR Franklin Templeton has launched EZPZ, a new ETF providing exposure to Bitcoin and Ethereum, designed to track the US CF Institutional Digital Asset Index. The ETF offers a simplified and low-cost way for investors to access top digital assets, with an initial sponsor fee of 0.19% waived until August 31, 2025.

The launch follows Hashdex's combo ETF going live last week after both funds were approved by the SEC in December.

Vitalik Buterin has raised concerns about a "moral reversal" in the crypto industry, criticizing the backlash against Ethereum's cautious stance on blockchain gambling.

Ethereum developers focused on Pectra and PeerDAS upgrades during the All Core Developers Consensus Call #151, discussing client readiness and EIP finalizations.