In recent days, the cryptocurrency platform Bybit fell victim to a sophisticated cyberattack, hemorrhaging over $1.4 billion in assets purportedly tied to operatives from North Korea. As of this report, the perpetrator controls roughly 449,395.23 ETH—equivalent to nearly $1.26 billion—making them one of Ethereum's most formidable custodians.

Bybit has returned to a 1:1 backing of client assets days after being hit by the biggest crypto heist ever.

Crypto Market Today (February 24): A wave of caution engulfed traders and investors as the week kicked off, primarily as Bitcoin (BTC) price waned back to the $95K level. Moreover, Ethereum (ETH), Solana (SOL), and XRP prices also tanked 1%-5%, mimicking the flagship coin.

Bybit exchange has reportedly purchased 266,700 ETH worth $742 million across two days, according to blockchain analytics firm Lookonchain. The transactions occurred in the days following Bybit's $1.4 billion hack, which has taken the industry by surprise.

Ethereum's Open Intents Framework has gained support from leading Layer 2s, including Arbitrum, Optimism, Scroll, and Polygon.

Ethereum Foundation lead developer Tim Beiko has dismissed the idea of an Ethereum blockchain rollback following the Bybit crypto exchange hack. In a detailed post on X, Beiko explained why such a proposal is impractical and unfeasible.

Bybit said on Sunday it froze $42.89 million of the hacked funds thanks to the efforts of multiple parties as the cryptocurrency exchange shores up its reserves after the shocking $1.4 billion exploit. What Happened: Bybit announced via X that it was successful in restricting hackers' ability to move the funds, a day after hackers stole over $1.4 billion worth of Ethereum (CRYPTO: ETH) and related tokens.

Ethereum price failed to clear the $3,000 resistance zone. ETH is consolidating near $2,750 and might aim for a fresh increase.

Is Solana slowing down on its promise to be the Ethereum killer?

Ethereum (ETH) has demonstrated resilience in recent days, rebounding from a sharp drop caused by the Bybit hack, though its price remains down by nearly 18% over the last month. Despite the ongoing volatility, Ethereum's recovery has been supported by renewed buying momentum, as indicated by its Relative Strength Index (RSI) and an increase in whale activity.

Blockchain analytics firm Lookonchain reports Bybit bought $742 million worth of Ether using two wallet addresses between Feb. 22 and 23.

The statement came shortly after Lookonchain reported Bybit had bought $742 million worth of Ether between Feb. 22 and 23.

Leading coins remained weak on Sunday as the cryptocurrency market grappled with the massive $1.4 billion hack on cryptocurrency exchange Bybit. Cryptocurrency Gains +/- Price (Recorded at 7:45 p.m.

Some Arbitrum DAO delegates have criticized the proposal as a missed opportunity for boosting Arbitrum-native protocols.

As Shiba Inu successfully breaks above a significant resistance level, it is indicating that a potential reversal may be imminent. After struggling under a descending trendline, the meme coin is now making an effort to break out of its bearish trend, giving investors new hope.

Ethereum price rallied 8% to reclaim territories just above $2,800 on Sunday, February 23, propelled by speculations that resolutions to the Bybit's 401,346 ETH hack could inadvertently trigger a bullish impact. Ethereum (ETH) rebounds 8% as community anticipates bullish resolution to Bybit hack Ethereum (ETH) suffered a significant setback on Friday as hackers, allegedly linked

The exchange declined to block addresses flagged by Bybit as receiving stolen funds from its recent $1.4 billion hack.

Declining risk appetite raises concerns about Ethereum's future, with prolonged stability possibly giving way to stagnation.

Ethereum (ETH) has shown signs of bullish momentum recently, driven by a significant purchase from the cryptocurrency exchange Bybit. With the asset surging 3.79% in the last 24 hours, many traders are now considering whether Ethereum can fully recover from its recent 17.84% loss over the past week.

Bitcoin price is pinned below $100,000, but several altcoins are showing sighs of breaking out.

Ethereum (ETH) has officially confirmed the formation of a death cross, a technical indicator often associated with bearish market conditions. A death cross occurs when a cryptocurrency's 50-day moving average (MA) crosses below its 200-day moving average, signaling potential downward price momentum.

Fermion Protocol wants to fractionalize luxury goods. It's starting with a million-dollar digital suit from Dolce & Gabbana.

Although the cryptocurrency market rally has stalled, the long-term outlook remains bullish, with analysts anticipating sustained gains for assets such as Bitcoin (BTC).

Ethereum co-founder Vitalik Buterin has voiced concerns over criticisms directed at Ethereum's stance on blockchain-based gaming applications.

Ethereum price held steady as the market came to terms with the $1.4 billion hack by the Lazarus Group. Ethereum (ETH) traded at $2,795 on Sunday, a few points above last Friday's low of $2,665.

Nifty Island, a Roblox-like Ethereum game for creating and sharing 3D game worlds, has added a user-friendly way to implement AI agents.

Everyone loves a good story of a scrappy underdog picking a fight with the reigning champion. That's exactly the situation between Ethereum (ETH 2.69%) and a cryptocurrency designed specifically to unseat it, created by one of its very founders: Cardano (ADA 1.18%).

An Ethereum developer provided an explanation of why the network cannot “rollback” transactions to recover Bybit's stolen $1.4 billion. The analysis compares the current situation with two historical cases where blockchain reversals were feasible.

Bybit's purchase of ETH could add to the existing buying pressure.

Bybit's near $300 million Ether buy may contribute to a potential rally above the $3,000 psychological mark.

Ethereum (ETH) has shown signs of recovery after a sharp decline caused by the Bybit hack, which impacted its price. Despite this bounce back, ETH is still down nearly 18% over the past 30 days, reflecting continued volatility.

Cryptocurrency firm Bybit has restored nearly half of its Ether (ETH) reserves after a massive crypto hack that rattled the global Web3 industry.

Ethereum's price action has been volatile in recent weeks, but the asset encountered a significant resistance zone. With strong selling pressure likely at this level, a rejection followed by a short-term decline appears probable.

Bybit CEO Ben Zhou has pledged to pursue all possible avenues to recover the funds stolen during the recent hack linked to the Lazarus Group. The post Bybit CEO Vows to Recover Stolen Funds, Discusses Possibility of Ethereum Blockchain Rollout appeared first on Cryptonews.

A death cross, when the 50-day moving average crosses below the 200-day moving average, has been formally confirmed by Ethereum. The indicator could be a herald of progressing pressure on the market, pushing Ethereum even lower.

Tim Beiko, one of Ethereum's lead developers, has clarified that the blockchain cannot be rolled back following the devastating $1.4 billion hack that took place Friday.

According to data provided by crypto analytics platform CryptoQuant, Bybit's Ethereum (ETH) reserves are in the process of recovering.

Bitcoin advocate Samson Mow says Ethereum should undergo a hard fork after North Korean hackers stole a staggering $1.4 billion in ETH and stETH by exploiting crypto exchange Bybit.

Can white-hat hackers outsmart the Lazarus Group and recover stolen ETH?

Bybit also received $390 million worth of emergency transfers from other crypto exchanges.

Ethereum (ETH) has faced a turbulent period in recent weeks, with its price showing some signs of consolidation around the $2.6k mark in February. While this has raised hopes of a recovery, on-chain metrics indicate that strong selling pressure could limit Ethereum's potential upside, and there may even be a deeper drop on the horizon.

The altcoin market took a severe hit last weekend with a $1.5 billion hack on the Bybit exchange, causing a sharp decline in several altcoins. However, traders are now bullish about a strong recovery in altcoin prices, following Bitcoin's surge toward the $100K mark.

Ethereum core developer Tim Beiko has cautioned against any potential move to roll back the Ethereum network.

According to the latest report from CryptoQuant, Bybit ETH reserves are gradually recovering after a significant decline caused by a hack. The incident led to a sharp drop in Bybit's ETH reserves, falling from 443,691 ETH to a low of 63,807 ETH.

Ethereum's (ETH) market has been rocked by a major hack on the Bybit exchange, which saw over 405,000 ETH, valued at roughly $1.1 billion, stolen from the platform. Despite the market jitters caused by this breach, Ethereum whales—large holders of ETH—have been aggressively accumulating the cryptocurrency, purchasing an astounding 140,000 ETH in just a single day.

Ethereum core developer Tim Beiko says that despite growing calls for an Ethereum network rollback, it is “technically intractable.”

Ethereum core developer Tim Beiko says that despite growing calls for an Ethereum network rollback, it is “technically intractable.”