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.

Meme coins are pure chaos, and Dave Portnoy is thriving in it. Wrong trades, wild flips, and token launches — he's turning madness into millions.

Cryptocurrency exchange Bybit said Friday (Feb. 21) that a cyberattacker stole some of its holdings. In its posts on X about the incident, the company did not say how much was taken.

According to a new survey of FTX creditors, 79% plan to reinvest their payments into crypto. More than half of them plan to buy Solana, and meme coins and AI tokens are also popular.

Coinbase CEO Brian Armstrong on SEC dismissing litigation and stock rallying on the news.

The U.S. Senate Banking Committee is set to revisit U.S. Crypto regulations in a February 26 hearing. Lawmakers and industry experts, including representatives from Kraken and Lightspark, will debate stablecoins, market structure, and a proposed Bitcoin reserve to shape future digital asset policies. The post U.S. Digital Assets Sub-Committee to Hold Hearing on Bipartisan Crypto Legislation appeared first on Cryptonews.

Shares of financial services company Robinhood fell 14% in their worst week since August as investors withdrew from the surge that followed President Trump's election.

The North Korean-linked Lazarus Group has adopted a new method of breaching crypto firms: sending cryptocurrency to their targets as part of an elaborate social engineering scheme. According to 23pds, the pseudonymous Chief Information Security Officer (CISO) at Web3 security firm SlowMist, this tactic aims to gain the victim's trust before deploying malicious code.

A decentralized oracle provider and two artificial intelligence (AI)-focused altcoins surged just hours after going live on top US-based crypto exchange platform Coinbase. The data reveals that Chainlink (LINK) rival Pyth Network (PYTH) and AI-based projects Kaito (KAITO) and Bittensor (TAO) all saw significant increases in price after gaining support from Coinbase.

An on-chain investigation proved that the Bybit hack earlier today was carried out by the infamous North Korean Lazarus Group. As previous incidents showed, it will be nearly impossible to recover funds from these hackers.

SafeMoon CTO Thomas Smith pleads guilty to securities and wire fraud conspiracy, reversing his 2023 plea amid allegations of misappropriated investor funds and luxury spending. The post SafeMoon CTO Thomas Smith Pleads Guilty to Massive Crypto Fraud Scheme appeared first on Cryptonews.

The SEC is abandoning cases and shaping new rules for the industry, reflecting the Trump administration's more crypto-friendly approach.

Comparing Base's past and current performance raises concerns about the network experiencing a temporary setback or a turning point.

Bybit, a major cryptocurrency exchange, has been hit by the largest crypto heist in history.

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The crypto market has seen a bearish trend recently, causing significant liquidation in various assets. Among the altcoins to avoid this cycle are MELANIA, CAR, and LIBRA WIF.

Coinbase announced this morning that the SEC has agreed to drop its lawsuit against the crypto exchange.

Lazarus Group was behind Bybit's $1.5 billion hack on Friday, Arkham Intelligence said, citing ZackXBT.

A group of US senators, led by Cynthia Lummis, has urged the Securities and Exchange Commission (SEC) to clarify its position on protocol staking in crypto exchange-traded products (ETPs) in a Feb. 20 letter.

China's Jiangsu Provincial High People's Court recently released information about a foreign-related case involving a 15.74M yuan cryptocurrency contract gone bad between Singaporean investor, Pan Moumou and Chinese citizen, Tian Moumou. China's regulation of cryptocurrencies has always been strict.

The Bybit hack has been traced back by the blockchain investigator ZachXBT, with conclusive evidence linking the hackers to the $1.46 billion theft.

Societe Generale-Forge (SG-FORGE) has chosen the Stellar blockchain to launch its MiCA-compliant euro stablecoin (EURCV). Stellar Network to Host Societe Generale-Forge's Euro-Backed Stablecoin Societe Generale-Forge (SG-FORGE) has expanded its multichain strategy by launching its EUR-backed stablecoin (EURCV) on the Stellar network.

Newly launched funds holding Bitcoin and Ether have so far seen scant interest from investors.

In a significant blow to the cryptocurrency industry, Bybit, one of the leading crypto exchanges, has confirmed a major security breach involving its Ethereum cold wallet. The incident, reported on Friday by Bitcoinist, marks one of the largest cryptocurrency hacks in history, with losses estimated at over $1.5 billion.

The Bybit hack is more than twice as large as the second-largest crypto exploit, which belongs to Ronin Network.

Coinbase announced on Feb. 21 that the U.S. Securities and Exchange Commision is set to dismiss its June 2023 lawsuit against the crypto exchange, a move that analysts at H.C. Wainwright & Co.

A widely followed cryptocurrency analyst and trader is leaning bullish on the altcoin market but with a caveat. The analyst pseudonymously known as Capo tells his 929,300 followers on the social media platform X that altcoins could go up by double-digit percentage points from the current level. “Expecting altcoins to pump 10%-20% from here.

Bybit got ripped apart by hackers today, and now we know exactly who did it. The infamous Lazarus Group, North Korea's state-backed cybercriminal syndicate, has been exposed as the masterminds behind the $1.5 billion Bybit exploit, which is the largest crypto theft in history.

South Korea's "Jonbur Kim" Park, the "Coin King," has been re-arrested for a $47M crypto fraud scheme involving Artube coin manipulation. Prosecutors accuse him of deceiving investors, inflating token prices, and bribing exchange officials, just weeks after being released on bail for a separate fraud case. The post South Korean “Jonbur Kim” Park, ‘Coin King,' Re-Arrested for $47M Crypto Fraud After Bail Release appeared first on Cryptonews.

"We've had to spend over $50 million just on outside law firms and other advisors alone. That doesn't even include the cost internally.

"ZachXBT submitted definitive proof that this attack on Bybit was performed by the LAZARUS GROUP," Arkham said in a post to X.

The week's uptrend was quickly upended by the hack at crypto exchange Bybit.

The hearings in both chambers of Congress will contemplate CBDCs, stablecoins, and market structure legislation.

The Bybit exchange was hacked for some $1.4 billion in ether this morning, marking the largest exploit in crypto history.

The scale of the staggering $1.4 billion hack on crypto exchange Bybit will undoubtedly unfold in coming days and weeks.

Cryptocurrency holders of should we ‘'hodlers'' love to dream big. They dream of big mansions, nice cars, and a life of ease.

The United States Securities and Exchange Commission may be prioritizing crypto litigation as some big court deadlines approach.

Since doubling down on political spending last year, crypto exchange Coinbase has reaped major wins, including a claimed SEC agreement to drop charges.

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BitMEX has announced the delisting of 10 derivatives contracts, settled early on February 21, 2025. This move affects traders holding positions in these contracts.

On today's episode of CNBC Crypto World, Solana plunges on the week as meme coin mania subsides. Plus, Coinbase says the SEC is planning to drop its lawsuit against the crypto exchange, pending commissioner approval.

The makeover of the U.S. Securities and Exchange Commission appears to be well underway following news that the agency plans to dismiss its years-long case against Coinbase.

The European Union's new MiCA regulations will require all stablecoin issuers to get official approval starting in 2025. Major crypto exchanges Kraken and Crypto.com are creating their own proprietary stablecoins to stay compliant. The post Kraken and Crypto.com Plan to Launch Their Own Stablecoins in 2025: Report appeared first on Cryptonews.

The U.S. Securities and Exchange Commission (SEC) is dropping a lawsuit against the top US-based crypto exchange, according to a new Coinbase blog post. Coinbase says the SEC has agreed “in principle” to dismiss its case with Commissioner approval.

Crypto exchange ByBit says everyone is affected by the suspected hack of one of its cold wallets leading to the theft of almost $1.4 billion in Ethereum. During a live stream X platform, ByBit's head of derivatives and Institutions, Shunyet Jan, precisely said “to be honest right now, everyone is affected.