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.

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.

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.