The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. Value is driven by many narratives, which compete for supremacy.

In a significant security breach, Bybit, one of the leading cryptocurrency exchanges, found itself at the center of a devastating hack. The attackers made off with a staggering $1.5B worth of ETH, sending shockwaves throughout the crypto space.

The United States Department of Justice (DOJ) has extradited a Brazilian national to the United States of America from Switzerland over a $290 million cryptocurrency fraud scheme between 2016 and 2021.

On February 21, 2025, a $1.4 billion breach struck Bybit, a major player in the cryptocurrency exchange sector, alarming the entire industry. Blockchain investigator ZachXBT quickly identified the Lazarus hacker Group, the infamous state-sponsored hacking team from North Korea, as the culprits behind the scheme.

The crypto market took a hit as $566 million was liquidated in just one day. Major altcoins like XRP, Solana (Sol), Dogecoin (DOGE), & Shiba Inu (SHIB) all plunged into the red. The global crypto market cap also dropped by 2% now sitting at 3.17 trillion.

Onchain evidence following the $1.4 billion Bybit hack has linked North Korea's Lazarus Group to the Phemex hack in January, according to ZachXBT.

In the largest hacking event in the history of the cryptocurrency industry, Bybit has lost approximately $1.4 billion in stETH, mETH, and ERC-20 tokens. The incident has sent shockwaves across the industry. It proves that even centralised exchanges with strong security tools are vulnerable to cyberattacks.

Kanye West announced he will launch a coin next week and all current coins are fake. Kanye recently launched YZY token as the official currency for his Yeezy brand.

The European Central Bank enhances financial market efficiency by developing a settlement system for distributed ledger technology transactions using fiat currency.

The incident underscores the critical need for enhanced security measures in the crypto industry to prevent future large-scale breaches. The post Bybit fully restores withdrawal system following biggest crypto hack of all time—latest updates appeared first on Crypto Briefing.

Bybit has seen a sharp decline in its asset reserves, losing over $5 billion within 24 hours after suffering a $1.5 billion hack.

Kanye West, now known as Ye, is shifting his focus from music and fashion to cryptocurrency.

The $1.4 billion hack was caused by similar attack vectors as the $230 million WazirX hack and the $58 million Radiant Capital hack, according to Cyvers.

"At Bitget we strongly believe in supporting the community and everyone contributing towards the growth of crypto," company CEO Gracy Chen told CoinDesk.

The former CEO of FTX, sentenced to 25 years in prison for massive fraud, is attempting a bold approach to regain his freedom. His parents are actively campaigning with the Republican camp to obtain a presidential pardon from Donald Trump.

An Indian national has been apprehended by the Anti-Narcotics Cell division in Gurugram, Haryana, for using cryptocurrency to procure the psychedelic drug LSD.

What if you could put your crypto to work instead of letting it just sit in your wallet? That's the magic of crypto lending and borrowing. It's like traditional loans but with a digital twist. If you're curious about how it works, you're in the right place. Let's break it down together.

Say you're at a party. Some people are talking about Bitcoin, others about Ethereum, and a few about Solana. They're all excited about their own blockchains. But here's the catch—these blockchains don't naturally talk to each other. It's like a room full of people speaking different languages with no translator.

On February 21, 2025, the crypto exchange platform Bybit fell victim to an unprecedented hacking incident, resulting in the loss of over 1.4 billion dollars in digital assets. This incident marks the largest theft in the history of cryptocurrencies, far surpassing previous major hacks.

TL;DR Yield farming with stablecoins allows investors to earn passive income by leveraging the stability of fiat-backed currencies, offering higher rates than traditional methods. It involves depositing these coins into DeFi platforms to generate returns, but it carries risks such as smart contract vulnerabilities and impermanent loss.

During 2024, regimes subject to sanctions moved 15.8 billion dollars in crypto, equivalent to 39% of global illicit transactions.

The survey reveals a strong commitment to the cryptocurrency sector, despite the losses.

Bybit CEO Ben Zhou said that withdrawals have returned to a “normal pace” after the major exploit that drained $1.5 billion from the exchange.

Bybit suffered the biggest crypto hack of all time as the exchange lost a staggering $1.4 billion in digital assets, sending shockwaves throughout the crypto ecosystem.

In what's being called the biggest crypto hack in history, the notorious North Korean hacker group Lazarus has been linked to the massive $1.5 billion exploit on Bybit. Blockchain intelligence firm Arkham Intelligence confirmed the group's involvement, citing evidence from onchain sleuth ZachXBT.

A Bybit payroll fraud scheme funneled $5.7 million into a worker's personal wallets, funding luxury splurges before authorities uncovered the deception and issued a prison sentence. Bybit Crypto Payroll Fraud Leads to Prison Sentence A former payroll employee has been sentenced to nine years and 11 months in jail for orchestrating a $5.

Bybit, one of the world's largest crypto exchanges with more than 60 million users has recently found victim of more than $1 billion. As questions arose about who was behind the attack, renowned blockchain investigator ZachXBT stepped forward with concrete evidence, linking the hack to the infamous North Korean state-sponsored cybercriminal group, Lazarus.

Ben Zhou has adressed the current situation with the latest Bybit hack.

The U.S. government has initiated a civil forfeiture action to seize cryptocurrency assets linked to a wire fraud and money laundering case. The seized digital assets, confiscated from a Binance account in October 2024, are now under legal claim by federal authorities.

Japans Financial Services Agency (FSA) has approved new regulations to strengthen stablecoin collateral management and improve user protection in the cryptocurrency sector. This move follows growing concerns over digital asset security, particularly for users of foreign-owned exchanges.

Kanye West, now known as Ye, is reportedly launching a cryptocurrency called YZY, according to sources close to the project. The token, named after his Yeezy brand, aims to bypass traditional platforms like Shopify, which severed ties with Ye due to his controversial statements.

The Bybit hack, described by blockchain security firm Certik as the biggest crypto heist to date, saw all assets in the exchange's cold wallets transferred to an unidentified address. Despite the massive breach, Bybit has stabilised operations with significant financial support from industry players.

As the cycle progresses, many investors are awaiting the long-anticipated Altseason, with opinions split on whether it will happen. Several market watchers have affirmed that Altcoins (Alts) are getting ready for an explosive breakout, but others, including CryptoQuant's CEO, have suggested a different outlook.

The European Central Bank is advancing its digital asset settlement strategy, aiming to streamline transactions, enhance security, and strengthen financial stability across European markets. Digital Asset Settlement Transformed as ECB Embraces DLT Solutions The European Central Bank (ECB) announced on Feb.

Crypto traders woke up to big wins and bigger losses on Friday. Just as Coinbase celebrated the SEC dropping its lawsuit, Bybit got drained of $1.5 billion, the biggest crypto theft ever recorded.

Gunzilla Games Web3 director says that the biggest problem in blockchain gaming is the lack of “new money coming into the system.”

Despite the growing landscape, ONDO's price is still struggling.

Russia's Supreme Court is pushing to classify cryptocurrency as property in penal cases, aiming to strengthen law enforcement's ability to track, freeze, and confiscate illicit digital assets.

On February 21, 2025, Bybit experienced a significant security breach, marking one of the largest hacks in cryptocurrency history.

Security researchers have linked the North Korean Lazarus Group to a record-breaking $1.4 billion breach of cryptocurrency exchange Bybit, marking one of the largest crypto heists in history.

Trouble in Paradise is an apt idiom to describe the current Bybit situation. A hacker took control of an Ether cold wallet on the centralized crypto exchange on Feb. 21, stealing roughly $1.5 billion in ETH-related tokens in the process.

Coinbase's CEO says winning against the SEC was crucial to protecting U.S. crypto, accusing the agency of overreach and political intimidation. Coinbase CEO Reveals Why Standing Up to the SEC Was Essential Following the U.S.

Ye's crypto venture could reshape celebrity influence in digital finance, challenging traditional platforms and sparking regulatory scrutiny. The post Kanye West says he drops coin next week, claims all current ones are fake appeared first on Crypto Briefing.

North Korea's Lazarus Group, a state-backed hacking collective renowned for its technical sophistication, executed the largest cryptocurrency theft in history by stealing $1.46 billion from Bybit, investigators confirmed.

Bybit scrambled to process over 350,000 withdrawal requests after a massive hack, with executives calling it possibly the worst financial breach ever. Bybit in Crisis Mode—350,000 Withdrawals Flood the System Ben Zhou, CEO of crypto exchange Bybit, provided an update on social media platform X on Feb.

The brand-new native token of a layer-1 blockchain focused on intellectual property (IP) has skyrocketed by 164% in price in its first week of existence. Story (IP) launched on February 13th at the listing price of $2.26 and is now trading at $5.98 at time of writing.

Explore a16z crypto's insights on the Entrepreneur, Profiteer, and Racketeer framework to address legal challenges in web3, as presented by General Counsel Miles Jennings.

Kraken and Crypto.com are among crypto exchanges developing their own stablecoins in response to the EU's new regulatory framework, which is set to tighten oversight on third-party issuers, Bloomberg News reported on Feb. 21.