The market volatility was expected to increase as it heads towards the end of the monthly trade; however, the rise in the volatility has strengthened the bears. Bitcoin yet again slipped below $96,000 but the broader markets continued to remain stable as Ethereum demonstrated strength.

Adam Back, a cypherpunk and Blockstream CEO, has taken to his account on the X social media network to comment on the recent Bybit hack when the exchange lost a mind-blowing $1.4 billion worth of Ethereum.

The hacker who carried out the biggest heist in cryptocurrency history now holds more Ethereum (CRYPTO: ETH) than the blockchain's creator, Vitalik Buterin. What happened: North Korean state-backed Lazarus Group allegedly pilfered over $1.4 billion worth of ETH tokens after seizing control of the cold wallet of cryptocurrency exchange Bybit.

Ether's price is at a critical point following the Bybit exchange hack on Feb. 21, in which over $1.4 billion worth of liquid-staked Ether and other digital assets were stolen.

According to CertiK Alert, there have been some suspicious transfers of funds from unverified contracts on Ethereum.

Crypto exchange Bybit has successfully restored its Ethereum (ETH) reserves. This marked a significant milestone in its recovery from one of the largest heists in crypto history.

Just a few days after the shocking Bybit hack, another suspicious fund movement has been detected in the cryptocurrency ecosystem. According to Certik Alert, no fewer than $49.5 million have been transferred from an unverified Ethereum contract. Last week, in the largest hacking event in the history of the crypto industry, approximately $1.

Bybit, one of the world's largest cryptocurrency exchange, suffered a massive security breach, losing over $1.46 billion in what is now the biggest crypto theft in history. The attack primarily targeted Bybit's Ethereum multi-signature cold wallet, which was used for daily trading operations.

Ethereum prices have shown signs of recovering as Bybit buys back enough ETH to cover its losses.

Crypto exchange Bybit, which lost over $1.4 billion in a suspected North Korean hacker attack, says it fully covered the loss within two days. Cryptocurrency exchange Bybit covered its $1.

Bybit has taken a bold step after suffering one of the biggest hacks in crypto history. Following the massive $1.4 billion security breach, the exchange has reportedly purchased $742 million of Ethereum (ETH) to recover from the attack. This has made the ETH price recover by 6% from last week's drop.

Arbitrum's hopes of reinvesting its Ethereum holdings in yield-generating opportunities has hit a hurdle.

Bybit plans to release an audited proof of reserves report to verify that it has restored its client assets on a one-to-one basis.

The crypto market kicked off the week on a bearish note, with Bitcoin (BTC) slipping back to the $95K level, dragging major altcoins lower. Ethereum (ETH), Solana (SOL), and XRP fell between 1% and 5%, while meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also posted losses.

In recent days, the cryptocurrency platform Bybit fell victim to a sophisticated cyberattack, hemorrhaging over $1.4 billion in assets purportedly tied to operatives from North Korea. As of this report, the perpetrator controls roughly 449,395.23 ETH—equivalent to nearly $1.26 billion—making them one of Ethereum's most formidable custodians.

Bybit has returned to a 1:1 backing of client assets days after being hit by the biggest crypto heist ever.

Bybit CEO Ben Zhou announced the exchange has restored its Ethereum holdings after a $1.4B hack and will release a proof-of-reserves audit soon. The post Bybit CEO: ETH Gap Closed Post $1.4B Hack, Exchange to Publish POR Audit appeared first on Cryptonews.

Crypto Market Today (February 24): A wave of caution engulfed traders and investors as the week kicked off, primarily as Bitcoin (BTC) price waned back to the $95K level. Moreover, Ethereum (ETH), Solana (SOL), and XRP prices also tanked 1%-5%, mimicking the flagship coin.

Ethereum's Open Intents Framework has gained support from leading Layer 2s, including Arbitrum, Optimism, Scroll, and Polygon.

Ethereum Foundation lead developer Tim Beiko has dismissed the idea of an Ethereum blockchain rollback following the Bybit crypto exchange hack. In a detailed post on X, Beiko explained why such a proposal is impractical and unfeasible.

Bybit said on Sunday it froze $42.89 million of the hacked funds thanks to the efforts of multiple parties as the cryptocurrency exchange shores up its reserves after the shocking $1.4 billion exploit. What Happened: Bybit announced via X that it was successful in restricting hackers' ability to move the funds, a day after hackers stole over $1.4 billion worth of Ethereum (CRYPTO: ETH) and related tokens.

Ethereum price failed to clear the $3,000 resistance zone. ETH is consolidating near $2,750 and might aim for a fresh increase.

Is Solana slowing down on its promise to be the Ethereum killer?

Ethereum (ETH) has demonstrated resilience in recent days, rebounding from a sharp drop caused by the Bybit hack, though its price remains down by nearly 18% over the last month. Despite the ongoing volatility, Ethereum's recovery has been supported by renewed buying momentum, as indicated by its Relative Strength Index (RSI) and an increase in whale activity.

Ethereum (ETH) has officially confirmed a death cross, with its 50-day moving average crossing below the 200-day moving average, a bearish signal that typically suggests downward momentum. However, ETH has shown resilience despite this technical formation and a recent $1.4 billion hack on Bybit.

Blockchain analytics firm Lookonchain reports Bybit bought $742 million worth of Ether using two wallet addresses between Feb. 22 and 23.

The statement came shortly after Lookonchain reported Bybit had bought $742 million worth of Ether between Feb. 22 and 23.

Leading coins remained weak on Sunday as the cryptocurrency market grappled with the massive $1.4 billion hack on cryptocurrency exchange Bybit. Cryptocurrency Gains +/- Price (Recorded at 7:45 p.m.

Some Arbitrum DAO delegates have criticized the proposal as a missed opportunity for boosting Arbitrum-native protocols.

As Shiba Inu successfully breaks above a significant resistance level, it is indicating that a potential reversal may be imminent. After struggling under a descending trendline, the meme coin is now making an effort to break out of its bearish trend, giving investors new hope.

Ethereum price rallied 8% to reclaim territories just above $2,800 on Sunday, February 23, propelled by speculations that resolutions to the Bybit's 401,346 ETH hack could inadvertently trigger a bullish impact. Ethereum (ETH) rebounds 8% as community anticipates bullish resolution to Bybit hack Ethereum (ETH) suffered a significant setback on Friday as hackers, allegedly linked

The exchange declined to block addresses flagged by Bybit as receiving stolen funds from its recent $1.4 billion hack.

Declining risk appetite raises concerns about Ethereum's future, with prolonged stability possibly giving way to stagnation.

Ethereum (ETH) has shown signs of bullish momentum recently, driven by a significant purchase from the cryptocurrency exchange Bybit. With the asset surging 3.79% in the last 24 hours, many traders are now considering whether Ethereum can fully recover from its recent 17.84% loss over the past week.

Bitcoin price is pinned below $100,000, but several altcoins are showing sighs of breaking out.

Ethereum (ETH) has officially confirmed the formation of a death cross, a technical indicator often associated with bearish market conditions. A death cross occurs when a cryptocurrency's 50-day moving average (MA) crosses below its 200-day moving average, signaling potential downward price momentum.

Fermion Protocol wants to fractionalize luxury goods. It's starting with a million-dollar digital suit from Dolce & Gabbana.

Although the cryptocurrency market rally has stalled, the long-term outlook remains bullish, with analysts anticipating sustained gains for assets such as Bitcoin (BTC).

Ethereum co-founder Vitalik Buterin has voiced concerns over criticisms directed at Ethereum's stance on blockchain-based gaming applications.

Ethereum price held steady as the market came to terms with the $1.4 billion hack by the Lazarus Group. Ethereum (ETH) traded at $2,795 on Sunday, a few points above last Friday's low of $2,665.

Nifty Island, a Roblox-like Ethereum game for creating and sharing 3D game worlds, has added a user-friendly way to implement AI agents.

Everyone loves a good story of a scrappy underdog picking a fight with the reigning champion. That's exactly the situation between Ethereum (ETH 2.69%) and a cryptocurrency designed specifically to unseat it, created by one of its very founders: Cardano (ADA 1.18%).

An Ethereum developer provided an explanation of why the network cannot “rollback” transactions to recover Bybit's stolen $1.4 billion. The analysis compares the current situation with two historical cases where blockchain reversals were feasible.

Bybit's purchase of ETH could add to the existing buying pressure.

Bybit's near $300 million Ether buy may contribute to a potential rally above the $3,000 psychological mark.

Ethereum (ETH) has shown signs of recovery after a sharp decline caused by the Bybit hack, which impacted its price. Despite this bounce back, ETH is still down nearly 18% over the past 30 days, reflecting continued volatility.

Cryptocurrency firm Bybit has restored nearly half of its Ether (ETH) reserves after a massive crypto hack that rattled the global Web3 industry.