Coinbase said Friday (Feb. 21) that Securities and Exchange Commission (SEC) staff have agreed in principle to dismiss the agency's enforcement case against the cryptocurrency company, subject to commissioner approval.

The SEC has agreed in principle to dismiss Coinbase lawsuit without penalties or operational changes.

On February 21, 2025, Bybit, one of the leading cryptocurrency exchange platforms, revealed that it had fallen victim to a sophisticated cyberattack. According to an official statement, a cold wallet holding Ethereum (ETH) was compromised, allowing an attacker to transfer $560 million to an unidentified hot wallet.

Bybit has reportedly suffered a massive security breach, with approximately $1.46 billion in digital assets mysteriously leaving its wallets, according to blockchain investigator ZachXBT.

Leverage these AI technologies to unlock a competitive edge for your investments and business in the crypto industry.

Elliptic, Flashbots and Binance founder CZ all reacted to Bybit's apparent $1.4 billion hack, perhaps the largest crypto theft of all time.

On Friday, crypto exchange Bybit opened its liquidation data to the public through its enhanced application programming interface (API).

Bybit was hacked today for around $1.4 billion in ether (ETH) and staked ether (stETH). Blockchain analyst ZachXBT first flagged the suspicious outflows, confirming the breach through his sources. Bybit's CEO, Ben Zhou, later confirmed the attack, stating the hacker gained control of one specific cold wallet, transferring all its ETH.

Reports have emerged that the cryptocurrency exchange Bybit has suffered a significant hack, with over $1.46 billion in Ethereum withdrawn from the platform's hot wallets.

A recent survey conducted by Independent Reserve reveals that only one third of Australians consider Donald Trump a positive figure for the cryptocurrency sector, despite the significant rise in Bitcoin since his election. This study comes at a time when Trump's pro-crypto promises are reshaping the American digital landscape.

Bybit has been hacked for nearly $1.5 billion in Ethereum, with the attacker gaining control of an offline wallet, leading to a drop in BTC and ETH prices. The exchange assures users that other wallets are secure and that it can cover the loss. The post Bybit Crypto Exchange Faces $1.5 Billion Hack – What's Going On? appeared first on Cryptonews.

Mike McGlone, the senior commodities strategist for Bloomberg Intelligence, has published a tweet where he shared his take on the current situation on the U.S. commodities markets and how it may impact the decision of the Fed Reserve to implement further tightening.

Crypto exchange – Bybit – has made headlines for becoming the victim to one of

Sunil Kavuri, the FTX creditor activist, today announced that some jurisdictions were not eligible for FTX claim distributions via custodial exchanges due to restrictions in those countries.

Societe Generale-Forge has expanded EURCV to the Stellar blockchain to increase accessibility and compliance with the EU's MiCA regulations.

February 21, 2025 16:25:33 UTC Bybit Suffers $1.4B ETH Hack Bybit was hacked for over $1.4 billion following suspicious ETH outflows reported by on-chain sleuth ZachXBT. CEO Ben Zhou confirmed hackers exploited a spoofed UI to alter a cold wallet's smart contract logic, transferring all ETH to an unknown address.

TL;DR The SEC has agreed to withdraw its lawsuit against Coinbase, marking a major victory for the crypto industry and a shift in U.S. regulation. The decision still requires approval from an SEC commissioner, but it is expected to be ratified next week without penalties for Coinbase.

The SEC has agreed to drop its enforcement case against Coinbase, pending commissioner approval, marking a significant shift in regulatory attitudes towards the cryptocurrency industry and signaling renewed optimism for clearer regulations. The post SEC to Drop Enforcement Case Against Coinbase, Pending Approval appeared first on Cryptonews.

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

The hack underscores the urgent need for enhanced security measures in crypto exchanges to protect against increasingly sophisticated cyber threats. The post Bybit hit with $1.4 billion hack appeared first on Crypto Briefing.

Sam Bankman-Fried, currently serving a 25-year sentence for fraud, claims his prosecution was politically motivated, criticizing the judge, the DOJ, and Biden's crypto policies while aligning himself with President Trump and the Republican party.

According to recent reports, Bybit suffered a major hack, and over $1.46 billion in Ethereum was withdrawn from its hot wallets.

The bankrupt crypto exchange declared claims from 163 jurisdictions as “not eligible” for distributions. This decision leaves many investors in the lurch.

Bybit CEO Ben Zhou has confirmed that its Ethereum (ETH) cold wallet has been compromised.

Bankman-Fried is hoping that he can appeal his case or secure a pardon from President Trump.

TL;DR Somnia launched Shannon Testnet to assess the scalability and stability of its blockchain technology before mainnet deployment. The network surpassed 1 million transactions per second in previous tests and now optimizes its congestion resistance. Its infrastructure enables the development of on-chain games, financial applications, and social networks without scalability limitations.

A portion of staked ether is currently being liquidated on decentralized exchanges.

Coinbase's Chief Policy Officer (CPO) asked US lawmakers to establish a robust regulatory framework that benefits the crypto industry and American investors, suggesting six key priorities to protect users and develop the sector with clear regulations.

Binance Square has introduced a new ‘Trader Profile' feature, allowing users to verify and follow trusted traders on the platform.

The case between the SEC and Coinbase could close soon. The news, reported by internal sources and confirmed by Coinbase's legal team, marks a significant turning point in the battle between the cryptocurrency exchange and the main US financial regulator.

Coinbase Inc. (NASDAQ:COIN) CEO Brian Armstrong announced that the Securities and Exchange Commission has decided to fully withdraw its enforcement case against the company. What Happened: Speaking to CNBC on Friday, Armstrong described the lawsuit as an unjustified attack on the cryptocurrency industry and said the SEC had no legal basis for its claims.

The move is meant to help lure instituional investors and improve market transparency.

Sam Bankman-Fried, once the crypto king with a $32 billion valuation, is now serving a 25-year sentence after being found guilty of fraud and misusing customer funds. But even from behind bars, he isn't giving up. He's shifting the political side from Biden to backing Trump, with the aim of a presidential pardon.

SEC to drop Coinbase lawsuit – a major shift in crypto regulation? Investors react as COIN stock climbs.

The Securities & Exchange Commission of the United States is said to have agreed to dismiss its enforcement case against Coinbase Global Inc (NASDAQ: COIN). Shares of the crypto firm are up more than 5.0% at the time of writing.

OI in major cryptos and memecoins have dropped as data shows diminishing market interest.

Blockchain interoperability is the key that unlocks institutional adoption and success.

Illegal crypto mining continues to grow in many Russian regions, with many energy-poor areas continuing to suffer energy shortages despite recent bans, new data shows. The post Illegal Crypto Mining ‘Growing' in Siberia, Despite Russian Ban appeared first on Cryptonews.

Recently, Societe Generale-FORGE, a subsidiary of Societe Generale Group and licensed investment firm, has launched its EUR-backed stablecoin (EURCV) on the Stellar network, offering users and businesses a secure, transparent, and scalable digital euro stablecoin.

Sunil Kavuri, a representative of the FTX Creditors' group, revealed that the bankrupt crypto exchange is exploring ways to compensate creditors in multiple countries, including Russia, China, Egypt, Nigeria, and Ukraine. According to Kavuri, creditors from these regions are currently excluded from ongoing distributions despite making up a significant portion of FTX's user base.

South Korean crypto figure Park, known as “Jonbur Kim” or the “Coin King,” has been arrested again on fresh fraud charges. This arrest comes just weeks after his release on bail for a separate crypto scam case.

Owen Lau, Oppenheimer senior analyst, joins 'Squawk Box' to discuss news of Coinbase announcing that the SEC has agreed to dismiss its enforcement case against the company, what it means for the larger crypto community, and more.

The U.S. Securities and Exchange Commission (SEC) has agreed in principle to dismiss its high-profile enforcement case against Coinbase, pending approval from the agency's commissioners, marking a pivotal moment in the regulator's contentious oversight of the cryptocurrency sector.

Crypto.com President and COO Eric Anziani joins CoinDesk live at Consensus Hong Kong with insights into the current crypto market cycle with growing interest from institutions and the importance of a clear regulatory framework for further innovation. Plus, his prediction on AI agents taking a bigger role in our daily lives and how blockchain technologies can enable the operation of those agents.

A Singapore court sentenced Ho Kai Xin to almost ten years in prison for embezzling $5.7 million from Bybit while handling payroll.

Sam Bankman-Fried, the former FTX CEO, has spoken from prison about his political donations and ideological shift, criticizing the Biden administration.

Popular Telegram game Zoo has initiated its airdrop claim period for the upcoming ZOO token, which will be launched on The Open Network (TON).

A new MiCA-compliant stablecoin