Following the massive Bybit hack on Feb 21, 2025, in which hackers stole about $1.4 billion worth of ethereum (ETH) from the exchange's cold wallet, a contentious debate has emerged within the crypto community regarding whether to roll back the Ethereum blockchain to reverse the theft. Ethereum's 2025 Crisis: Reverse $1.

The Ethereum price dropped from $2,840 to $2,620 after the Bybit hack. However, the crypto exchange appears stable and is gradually recovering from the shock.

The rise comes amid reports that Bybit has allocated 100 million USDT to a new wallet to buy the cryptocurrency.

Arthur Heyes suggests rolling back the Ethereum network to reverse the Bybit hack. Community opposes the idea as it could impact the entire Ethereum ecosystem and its interlinked systems.

Ethereum emerged top of the real-world assets table as the total value of assets under management grew by 10% in the past 30 days to $4.1B. Ethereum's RWA market share also went up 3.39% to 54.5% as the number of RWA holders in the ecosystem increased 3.05% to 62.28K.

Crypto exchange Bybit is offering up to $140 million for help recovering the $1.4 billion in Ethereum swiped in Friday's exchange hack.

OpenSea CEO Devin Finzer said late Friday that the SEC is ending its investigation, as the regulator shifts course under President Trump.

According to data provided by CryptoQuant, the total supply of Ripple's US dollar-pegged stablecoin RLUSD has now reached $120 million. This has been called a “huge milestone” given that RLUSD is a highly regulated stablecoin.

The Bybit hack has caused Ethereum price to drop and now trading around the $2.7K range. ETH's daily trading volume has surged by over 103%.

Ethereum's native token, Ether (ETH), has rallied over 12% since slumping to $2,460 on Feb. 3, following the crypto market's drawdown. While most altcoins have struggled to master meaningful recovery, ETH has received plaudits for its bullish outlook.

Ethereum drops 7% after Bybit hack, recovering to $2,735. Can ETH break above $2,795 resistance? Key support at $2,643. Rollback debate intensifies. The post Ethereum Faces 7% Drop After Bybit Hack: Can Recovery Hold? appeared first on Cryptonews.

Ether trades 2% higher as the hacked ETH is seen as a permanently lost supply.

The crypto community is divided over calls for an Ethereum blockchain rollback following a massive security breach at Bybit.

The recent Bybit hack has sent shockwaves through the crypto world, with hackers making away with a whopping $1.4 billion worth of digital assets. While the attack caused panic, it also led to massive fund transfers, with large amounts of BTC, ETH, XRP, and USDT pouring into Bybit.

Adam Back, cypherpunk, Satoshi Nakamoto ally and Blockstream CEO, has taken to his X account to comment on the Bybit exchange exploit as hackers drained an enormous $1.4 billion of the second largest cryptocurrency Ethereum from the trading platform.

Hayes argued that it has already been done once in the past, so why not again?

Bybit, one of the leading cryptocurrency exchanges, has fallen victim to a massive hack, resulting in the theft of $1.46 billion worth of Ethereum and other ERC-20 tokens. This cyberattack, which targeted Bybit's cold wallet, has been linked to the notorious North Korean hacking group, Lazarus.

Ethereum is in the spotlight again, but not for good reasons. Hackers broke into Bybit's secure storage, known as a cold wallet, and stole over $1 billion worth of Ethereum tokens. More than 401,000 ETH, including staked tokens, were taken. Following the news, Ethereum dropped over 5% to $2,700 in the last 24 hours.

In the ever-volatile world of cryptocurrency, performance fluctuations are common, and recent market trends have once again brought to light the stark contrast between two prominent digital assets: XRP and Ethereum (ETH). A recent observation from crypto influencer Da Sheriff Crypto highlights the contrasting performances of these two tokens over the past year, showing XRP's substantial gains while Ethereum has faced a decline.

Bears have turned out to be more powerful than bulls at the beginning of the weekend, according to CoinMarketCap.

A crypto heist on major crypto exchange Bybit has propelled the hacker into the ranks of one of the world's largest Ethereum (ETH) holders.

A potential reversal may be on the cards, despite many traders losing some hope.

The $1.4 billion Bybit hack has sparked chaos in the crypto community, triggering massive asset transfers to and from the exchange. In a surprising turn of events, billions of tokens, including Bitcoin and Ethereum, have been transferred to Bybit as a show of support.

North Korean hacking group Lazarus just started laundering 5,000 ETH from the Bybit $1.5 billion hack, kicking off their typical complex operation to clean the money.

Bitcoin and Ethereum may be holding steady on the price front, but that's not the whole story.

The launch of bitcoin and ether ETFs on the Australian Securities Exchange (ASX) by Betashares provides Australian investors with a regulated and accessible way to gain exposure to digital assets.

Ethereum (ETH) is making waves again in the cryptocurrency market, as analysts predict the potential for a new all-time high (ATH) by 2025. This forecast is rooted in Ethereum's historical price cycles, its ongoing network growth, and rising on-chain activity.

The crypto market faced a huge shock when 401,346.76 ETH worth $1.5B was drained from ByBit's wallets on Friday. Ethereum (ETH) price dropped 8% on February 21 due to this security incident.

Bitcoin maximalist and JAN3 boss Samson Mow calls for the Ethereum chain to be rolled back after North Korean hackers have exploited the Bybit exchange, stealing a whopping $1.4 billion worth of Ethereum.

The year 2024 was not only a boom year for Solana, but it was also a bear year for Ethereum.

The crypto-market is rocking once again after one of the biggest hacks ever.

The recent Bybit hack of $1.5 billion has raised serious security concerns, with reports confirming the attackers used a highly sophisticated method to drain millions in crypto assets. Crypto analyst David Leung has provided a detailed breakdown of how the attack unfolded, revealing major lapses in Bybit's security.

I would support it because we already voted no on immutability in 2016, Hayes said on X. Others are worried that a potential rollback would hurt the Ethereum ecosystem.

The cryptocurrency market experienced a downturn following a major security breach at Bybit, where hackers managed to drain $1.4 billion in Ethereum. This has rattled investor confidence, leading to a wave of liquidations worth $566.64 million, per Coinglass data. As a result, the market cap of the business is down 1.86% to $3.17 Trillion.

Franklin Templeton has introduced the Franklin Crypto Index ETF (EZPZ) on the Cboe BZX Exchange, offering investors exposure to Bitcoin (BTC) and Ethereum (ETH). The ETF, weighted 82% BTC and 18% ETH, tracks market capitalization and may expand to include more cryptocurrencies pending regulatory approval.

Bybit, a leading cryptocurrency exchange, has fallen victim to one of the largest security breaches in digital asset history. Reports indicate that hackers stole approximately $1.46 billion in Ethereum (ETH) from Bybits hot wallets, sending shockwaves across the crypto industry.

JPMorgan (JPM) analysts report that the cryptocurrency market currently lacks positive catalysts, contributing to weak demand for Bitcoin (BTC) and Ethereum (ETH) futures. Both assets have seen their futures contracts nearing backwardation, where spot prices exceed futures prices, signaling lower investor confidence.

The New York Stock Exchange (NYSE) has submitted a proposed rule change aimed at allowing the Grayscale Ethereum Trust (ETHE) and the Grayscale Ethereum Mini Trust (EZET) to stake their ETH holdings.

Analyst predictions and increasing network activity could mean something for ETH in 2025

Crypto market today (February 22): Bitcoin (BTC), Ethereum (ETH), and other altcoins reflect an alarmingly waning price action as the week comes to a close. Primarily against Bybit's recent $1.4 billion hack, over $566 million was liquidated across the broader market in the last 24 hours.

Bybit CEO Ben Zhou has confirmed that the $1.5 billion security breach on the exchange resulted in the loss of 70% of its Ethereum (ETH) holdings.

Earlier today, Bybit lost $1.5 billion in digital assets after one of its cold wallets got compromised. Following the incident, Bybit received over 350K customer withdrawal requests.

Ethereum launches the Pectra Audit Competition on Cantina, focusing on enhancing blockchain security with key EIPs. The event runs from February 21 to March 24.

Ethereum security researchers hackers deployed malware and then forced the multisig holders to "blind sign" a malicious transaction.

The Lazarus Group, a hacking organization linked to North Korea, has been identified as behind the recent $1.4 billion Ethereum theft from cryptocurrency exchange Bybit. This revelation was made after blockchain investigator ZachXBT provided strong evidence linking the attack to them.

Bybit has officially reported the $1.5 billion hack to authorities, launching an aggressive effort to track and block the 401,000 ETH stolen from its cold wallet. The exchange confirmed that law enforcement is involved, and forensic teams are working to demix hacker addresses to limit how the funds can be sold.

Ethereum has been gaining traction as it looks to reclaim the $3,000 mark after a period of consolidation. With Bitcoin bouncing back to the $98,000 mark, Ethereum has followed suit, rising to $2,755 with a 0.61% intraday recovery.