The Bybit funds have been swapped, but 77% are still traceable, noted the exchange's CEO Ben Zhou. The hack caused unprecedented partnership with other markets and protocols to intercept funds where possible.

Joe Lonsdale, Palantir co-founder and 8VC founding partner, joins 'Squawk Box' to discuss why he's against the idea of a crypto reserve, the gutting of USAID, DOGE's spending cuts, the contentious White House meeting between President Trump and Ukrainian President Zelenskyy, and more.

David Bailey, a former aide of the Trump campaign, called for an audit of the U.S. bitcoin, stressing the current state of the digital assets owned by the U.S. was unacceptable. He remarked few or nobody was able to ascertain the state of the 200,000 BTC allegedly in possession of government agencies.

TL;DR Lazarus Group successfully laundered 499,000 ETH stolen from Bybit, valued at $1.39 billion, in just 10 days, causing Ethereum's price to drop by 23%. THORChain processed over $5.9 billion in transactions for the hackers, collecting $5.5 million in fees, making this the largest crypto laundering case in history.

Bybit has requested a refund from ParaSwap DAO for swap fees paid by a hacker, sparking a governance debate over ethical responsibility.

Decentralized social media platform Farcaster's co-founder Dan Romero does not see the US government buying any more crypto tokens to add to its upcoming crypto reserve. Romero predicts that the strategic federal crypto holdings will only contain assets that were seized by US financial authorities from fines and illicit activities.

Beijing Internet Court ruled in favor of TRON founder Justin Sun in a prolonged defamation case against Beijing SINA Internet Information Service Co. Ltd, operator of finance.sina.com. The Dec. 31, 2024 verdict, which Sina declined to appeal by the Feb.

Yuga Labs has announced a significant legal win, revealing that the U.S. Securities and Exchange Commission (SEC) has officially wrapped up its years-long investigation into the company.

Turkish banks have been increasingly moving into crypto by offering investment in diverse crypto assets to their clients, with BankPozitif as the latest bank.

Turkey's economic woes have buoyed crypto adoption in recent years as users have turned to cryptocurrency as a lifeline against double-digit inflation

Illinois Democratic Senator Dick Durbin has announced a new bill that aims to prevent fraud associated with crypto ATMs. Americans suffered $66 million worth of losses to crypto ATM scams in the first half of 2024, according to the Federal Trade Commission (FTC).

​In the midst of escalating trade tensions and economic uncertainties, investors are exploring alternative avenues to safeguard their assets. One such avenue gaining attention is cryptocurrency presales.

Meme-themed cryptos are an intriguing part of the trading industry, and their value is based on internet memes and investor demand. In the last few years, meme coin cryptocurrency status has turned from volatile and low-value digital assets to profitable opportunities due to their explosive rallies.

The financial world is at a turning point, and the Web3 Banking Symposium 2025 is poised to lead the conversation. Organized by the Crypto Valley Association (CVA) together with the City of Lugano, this exclusive one-day event will take place in Lugano, Switzerland, focusing on the transformative intersection of traditional banking and Web3 technologies.

​In the midst of escalating trade tensions and economic uncertainties, investors are exploring alternative avenues to safeguard their assets. One such avenue gaining attention is cryptocurrency presales.

According to on-chain data, hackers successfully laundered 499,000 ETH (worth $1.4 billion) stolen from Bybit, marking one of the largest crypto heists in history. The laundering process began on February 21 and lasted 10 days.

The SEC will host a roundtable on March 21 to discuss crypto regulation and the future of digital assets. The agency has closed major lawsuits against the crypto exchanges, including the most recent Kraken case, and Coinbase.

The SEC has agreed to dismiss the lawsuit against Kraken, marking a shift in regulatory attitudes. Kraken's victory signals a potential end to aggressive legal actions against crypto firms.

The Bybit hacker has laundered $1.04 billion in stolen funds in just 10 days, but security firms believe some assets may still be recoverable through blockchain tracing.

The combined market capitalisation of all cryptocurrencies, excluding Bitcoin, is at the $1 trillion major support. Another $80 billion could be about to get erased from altcoins if this support fails.

The future of ZK will be massive, and organizations won't have to change much to reap the benefits—they can just plug and play.

The cryptocurrency market is bracing for significant volatility ahead of the highly anticipated White House Crypto Summit on 7 March. The event, hosted by former US President Donald Trump and tech investor David Sacks, is expected to shape future regulations and tax policies for digital assets in the US.

The crypto market has had a rough time, losing nearly $500 billion in just one day, reflecting a 10% drop. Looking at past trends, March has been a bearish month for crypto, with losses recorded 50% the time since 2013.

TL;DR SEC Withdraws Lawsuit: The U.S. SEC has dropped its lawsuit against Kraken, dismissing it with prejudice, meaning no penalties or operational changes for Kraken. Yuga Labs Cleared: The SEC has concluded its investigation into Yuga Labs, deciding not to pursue any enforcement measures, marking a significant win for the NFT industry.

President Donald Trump is gearing up for a high-profile White House Crypto Summit this Friday, aiming to position the US as a global leader in digital assets. With major tax reforms and government-backed crypto initiatives on the table, this could be a turning point for the industry. But not everyone is convinced.

Bybit CEO Ben Zhou said 83% of stolen funds were converted to Bitcoin and spread across 7,000 wallets, with 20% untraceable and 3% frozen.

Coinbase CLO Paul Grewal revealed that the company has submitted a FOIA request to gain a complete understanding of the costs and the individuals involved in the SEC's actions against crypto, focusing on its Crypto Assets and Cyber Unit.

The first week of March has seen significant market volatility. Unexpected news from President Trump, including plans to include altcoins in US crypto reserves and new tax policies, has influenced capital flows.

The crypto market took a massive rollercoaster ride on Monday, March 3. Just 24 hours after US President Donald Trump's bullish announcement of building a crypto reserve sent the market soaring by $350 billion, things reversed dramatically.

Bitcoin surged to a high of nearly $95,000 following President Donald Trump's announcement of a crypto strategic reserve during the weekend. However, the gains quickly evaporated as escalating trade tensions between the US and key partners, including China, Canada, and Mexico, triggered a sharp market downturn.

TL;DR Trade War Turmoil: Escalating tensions between the US and China spurred crypto market panic, leading to nearly $1B in liquidations within just 24 hours. Major Cryptos Hit Hard: Bitcoin fell by 9%, and Ethereum dropped over 11%, severely impacting leveraged positions and triggering widespread losses.

Investors are constantly looking for the best cryptos to buy now. With the potential for substantial returns, identifying promising projects early can be a game-changer. Among the myriad of options, three standout cryptocurrencies—Arctic Pablo Coin, Toshi, and Ponke—are capturing the attention of savvy investors.

Bybit is still tracking most of the $1.4 billion stolen in a February 21 hack, but CEO Ben Zhou revealed that $280 million has completely disappeared.

As the Trump administration tightens customs controls, cryptocurrencies tremble. Between fleeting euphoria and brutal economic reality, the market reveals its vulnerability to geopolitical shocks.

Will the SEC's Crypto Task Force bring real clarity—or just more confusion?

French crypto trading firm Flowdesk has raised $102 million in a mix of equity and debt financing to expand its market-making and liquidity services. The post France-Based Flowdesk Secures $102M to Expand Crypto Market-Making Services appeared first on Cryptonews.

President Trump's plan for a strategic crypto reserve consisting of multiple digital currencies was met with a hefty dose of criticism from many of his supporters.

Prime Minister Phạm Minh Chính has charged the Ministry of Finance and the State Bank of Vietnam with finalizing crypto regulations.

PayPal-backed Mintoak acquires Digiledge for $3.5M, marking India's first CBDC-related deal, aiming to enhance digital payment solutions for SMEs and expand its role in the e-rupee ecosystem. The post PayPal-Backed Mintoak Acquires CBDC Startup Digiledge in $3.5M Deal appeared first on Cryptonews.

The Bank of Israel has released a preliminary design for the digital shekel, detailing its ecosystem, technical framework and regulatory considerations.

Binance will list GoPlus Security (GPS) with HODLer Airdrops, while market activity shows strong interest and rising GPS trading volume.

The cryptocurrency market is facing selling pressure, with nearly $1 billion in liquidations across various assets in the past 24 hours, per Coinglass data. The stock market also saw a similar decline, with legendary trader Peter Brandt weighing in on the current market situation.

Cryptocurrency market lost $500 billion in value after Trump announced new trade tariffs on Canada, Mexico, and China, with Bitcoin dropping to $83,700 and causing $1 billion in trading liquidations.

Onyx Protocol has launched a Layer 1 blockchain, powered by XCN token, to drive institutional blockchain adoption for transaction processing.

Analysts have warned that the crypto market could face increased volatility ahead as key macroeconomic developments are driving a risk-off sentiment among investors.

SBI VC Trade has become the first firm in Japan to receive regulatory approval to handle stablecoins. The exchange plans to start processing USDC transactions on March 12.

BitDegree, the leading platform for Web3 education, has launched its latest Mission, Cryptomus: For Traders & Businesses.