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news-imageFebruary 23, 2025

Crypto Market Liquidation Hits $566M Following Bybit Hack

The cryptocurrency market experienced a major downturn recently, with $566 million worth of liquidations occurring within just 24 hours. This sharp drop in value came after the shocking $1.4 billion Bybit hack, which sent traders into a panic sell-off and led to a significant market correction.
Publisher: The Currency Analytics
Sentiment: Negative
General

More News Articles

Negative
cover-imageCryptopolitan
February 23, 2025

Extreme ideology tokens increase amid Kanye West's Swasticoin launch

The cryptocurrency industry has been the subject of debate in the last few weeks after the increase in tokens promoting extremist ideologies. While the sector has been seen as a place where community-led initiatives thrive, there have been questions surrounding the limits of decentralization that it needs.

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Positive
cover-imageUToday
February 23, 2025

Ex-Binance Boss CZ Shares His Plan for $1 Million Crypto Gift

It started with a charity dinner. Former Binance CEO Changpeng Zhao, better known as CZ, donated 150 BNB — around $100,000 — to support victims of the LIBRA token rug-pull scandal, a project controversially linked to the Argentine president.

general-iconGeneral
Negative
cover-imageBitcoinist
February 23, 2025

Consensys Pushes Back, Calls For SEC To Drop DeFi Exchange Rule Change

Blockchain software company Consensys has submitted a letter to the US Securities and Exchange Commission (SEC) urging the withdrawal of a proposed definition amendment that could classify DeFi protocols as part of securities exchanges. The US-based blockchain firm is opposing this motion citing concerns over regulatory overreach and violations of US core constitutional amendments.

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Positive
cover-imageBitcoinist
February 23, 2025

Kanye West Vs. Censorship: YZY Token Launch Sparks Crypto Buzz

Kanye West, also known as Ye, is once again generating headlines, this time in the cryptocurrency space. The controversial musician and entrepreneur has announced the launch of his cryptocurrency, YZY, with the objective of creating a financial environment independent from traditional payment platforms.

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Negative
cover-imageInvezz
February 23, 2025

Top 3 overvalued ghost chain crypto coins to avoid in 2025

Cryptocurrencies have demonstrated strong growth in the past few years. Some, like Bitcoin, Mantra, and BNB have become highly popular and rewarding to their investors. Mantra has had quadruple gains in the past 12 months. Ghost chains refer to layer-1 and layer-2 blockchains that don't have a thriving ecosystem of applications.

general-iconGeneral
Negative
cover-imageBitcoin
February 23, 2025

FBI Cracks $290M Crypto Scam—Trade Coin Club Exposed

A Brazilian man accused of masterminding a $290 million crypto Ponzi scheme has been extradited to the U.S., where he faces fraud charges and a potential 20-year sentence. Global Crypto Fraudster Faces U.S.

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Positive
cover-imageNewsBTC
February 23, 2025

Crypto CEO Calls Start Of The Altcoin Season With A Caveat

According to CryptoQuant's data, the long-awaited altcoin season may have officially arrived. The CEO of the crypto market company, Ki Young Ju, has pointed out a significant surge in altcoin volume on Centralised Exchanges (CEXs).

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Negative
cover-imageCryptopolitan
February 22, 2025

Crypto trader kills himself on X live to create a meme coin

A crypto trader known as MistaFuccYou shot himself live on X (formerly Twitter) after losing his last $500 in a meme coin rug pull on Friday night. Before pulling the trigger, MistaFuccYou loaded a revolver on stream and said: “If I die, make me a meme coin.

general-iconGeneral
Positive
cover-imageCrypto Reporter
February 22, 2025

4 Best Cryptos to Invest in for Short Term: Top Picks for February 2025

Cryptocurrency is moving faster than ever in 2025. With institutional adoption, government regulations evolving, and blockchain innovations pushing the market forward, it's an exciting time to be an investor. If you're looking for the best cryptos to invest in for the short term, you've come to the right place.

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Negative
cover-imageBenzinga
February 22, 2025

North Korea's Lazarus Group Suspected in $1.4 Billion Bybit Crypto Hack

North Korea's infamous Lazarus Group is suspected to be the mastermind behind the $1.4 billion Ethereum (CRYPTO: ETH) hack on cryptocurrency exchange Bybit, as per findings from blockchain data platform Arkham Intelligence. What Happened: According to the report, Lazarus Group, a state-sponsored hacking organization from North Korea, is believed to have pilfered over $1.4 billion worth of Ethereum and related tokens from Bybit last Friday.

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Neutral
cover-imageBitcoin
February 22, 2025

Bybit's Hack Handling Earns Commendation From Former Binance CEO

A $1.4 billion hack at Bybit prompted former Binance CEO Changpeng Zhao, known as CZ, to commend Bybit's chief executive, Ben Zhao, for his transparent and measured response. Massive Bybit Hack Spurs CZ to Warn: ‘We Should Never Take Security for Granted' The breach, linked to sophisticated North Korean hackers, targeted Bybit's multi-sig cold storage.

general-iconGeneral
Positive
cover-imageBeInCrypto
February 22, 2025

Top 3 Meme Coins To Watch For The Last Week of February

DOGEai, TST, and BROCCOLI are three meme coins drawing attention for the last week of February. DOGEai, launched on Solana, is up 110% in the past seven days, positioning itself as a leading AI meme coin.

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