Cryptocurrency markets are trading lower on Friday after a $1.4 billion hack on Bybit dragged down the market. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $95,385.38 -3.1% Ethereum (CRYPTO: ETH) $2,634.96 -4.3% Solana (CRYPTO: SOL) $168.78 -3.5% XRP (CRYPTO: XRP) $2.52 -6.9% Dogecoin (CRYPTO: DOGE) $0.2400 -5.6% Shiba Inu (CRYPTO: SHIB) $0.00001494 -4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 12.3% and daily active addresses growing by 4%.

Investigator ZachXBT says the hack was pulled off by the North Korean Lazarus Group, connecting it on chain to the Phemex hack.

The transfer of ETH to Bybit highlights the importance of collaboration and trust among exchanges in maintaining stability after security breaches. The post Binance and Bitget transfer over 50K ETH to Bybit in sign of confidence appeared first on Crypto Briefing.

Ethereum (ETH) price has recorded a 4% decline in the past 24 hours, trading below $2,650 at press time. The drop follows reports of a security breach at cryptocurrency exchange Bybit, which confirmed an unauthorized transfer of approximately 401,347 ETH, valued at $1.12 billion, from its cold wallet.

When it comes to crypto, value is determined by price, utility and users. Based on these metrics, is Solana or Ethereum winning the battle to be the best blockchain?

On-chain sleuthing linked Friday's $1.4 billion hack of crypto exchange Bybit to North Korea's Lazarus Group, Arkham Intelligence said.

The Bybit Hack has shaken the market today, with over $1.46 billion in ETH stolen, marking one of the largest security breaches in history. As the stolen assets are being liquidated, Ethereum's price dropped by 5% in a straight line, impacting key technical indicators.

Today, Bybit experienced a massive hack from Lazarus Group that wiped out 400,000 ETH worth around $1.5 billion from its cold wallets today and shortly after said it was gonna get some loans to settle users.

Following the Bybit hack, the team organized a livestream to deliberate on the recent billion-dollar hack that transpired on the exchange. Bybit's founder Ben Zhao clarified that the platform was undergoing “massive withdrawals” but emphasized, “It's not an issue—We have enough tokens to give to clients.

Financial markets do not only react to numbers but also to the feelings and expectations of investors. In the crypto universe, where volatility is the norm, every signal emitted by a major institution can influence trends.

Bybit Co-Founder and CEO Ben Zhao said all client withdrawals will be processed, even if they are under review, following the firm's $1.4 billion hack Friday morning.

Bybit, one of the world's largest cryptocurrency exchanges, fell victim to a massive security breach on February 21, 2025, resulting in the loss of more than $1.4 billion worth of digital assets.

On-chain data shows Bitcoin (CRYPTO: BTC) has maintained its strength comparatively to overall crypto market volatility as a major market move may be imminent. What Happened: In a post on X on Friday, analytics provider Glassnode showed meme coins experiencing sharp declines, with TRUMP (CRYPTO: TRUMP) dropping by 33.1% and Shiba Inu (CRYPTO: SHIBA) falling by 27.9%.

Bybit loses $1.4B in hacked wallet transfer, remains solvent despite the breach as Ethereum price drops 2%.

Ben Zhou, ByBit CEO, assured the public that user funds were safe and the platform could cover losses from the largest crypto exchange hack in history.

Looking at the current market sentiment and ongoing liquidations, it appears that the crypto market is crashing today. However, this market crash comes after several positive developments in recent days.

It has been a rough couple of years for ETH, hasn't it? The jokes, the memes, the endless debates about its relevance.

Ethereum (ETH) has dropped by 3.6% in the past couple of hours as Bybit, the second-largest exchange in the world by spot trading volume, confirmed that it was hacked.

Bitcoin is showing signs of strength by rallying within a hair of $100,000. Which altcoins will follow?

Bybit founder Ben Zhou has raised concerns that multisig wallet provider Safe may have been compromised, allowing hackers to steal $1.4 billion in Ethereum (CRYPTO: ETH). Speaking in a live stream, Zhou explained that the attack targeted Bybit's Ethereum cold wallet, but all other wallets, including its Bitcoin (CRYPTO: BTC) reserves, remain unaffected.

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Ethereum has yet to return to its all-time high for over three years, a stark contrast to Bitcoin, which has surged past many price levels in the current cycle. Despite being the second-largest cryptocurrency, Ethereum has struggled to keep up with the broader market even during price rallies.

BNB Chain announces the Pascal hard fork to improve Ethereum compatibility, introducing native smart contract wallets and enhanced cryptography. Scheduled for February 2025 on testnet and March 2025 on mainnet.

Mutuum Finance (MUTM) is rapidly emerging as a breakthrough force in the crypto market, with its opening phase of the presale already surpassing $1 million in funding and attracting over 1,900 holders.

Bybit co-founder and CEO Ben Zhou said Friday that the platform is struggling to keep up with withdrawal requests after a $1.4 billion hack.

Cryptocurrency exchange Bybit said on Friday that an attacker gained control of an ether wallet and transferred the holdings to an unidentified address.

The Singapore-based crypto exchange Bybit says it's suffered a major security breach involving its Ethereum (ETH) cold wallet. According to the crypto analysis firm Arkham, about $1.4 billion in ETH and stETH has been taken.

Recent fluctuations in Ethereum's price range have become a point of focus for both market analysts and investors. Currently, Ethereum (ETH) trades at approximately $2,818, indicating that the market is moving cautiously. Key price levels are expected to significantly influence Ethereum's price trajectory 1in the near term.

TL;DR Bybit suffered a cyber attack, resulting in the theft of over $1.4 billion in stETH and MegaETH (mETH). The exchange's CEO confirmed that the attackers manipulated a transaction in a multisignature wallet to steal funds, but assured that the other cold wallets are secure.

Bybit's Ethereum cold wallet was drained in a transaction upgrade attack, draining $1.46B in funds. The exchange remains solvent and will continue operations, as only one multisig wallet was affected.

Offchain Labs introduces the Crosschain Broadcaster Standard, a smart contract system designed to enhance secure cross-chain communication in the Ethereum ecosystem.

Ethereum faced steep losses Friday after a security breach at Bybit drained an estimated $1.4 billion from the exchange. Ethereum Faces 2.6K Low Following the Hack—Can Recovery Hold? Bybit's CEO confirmed on Feb.

XRP has surged ahead of Ethereum in trading revenue on Coinbase, marking a significant milestone for the asset.

The CEO immediately stated that user funds are safe.

The crypto exchange ByBit has been hacked, and roughly $1.5 billion in Ethereum (ETH) has been stolen — making this one of the biggest hacks in history. On Feb. 21, the crypto trading platform stated on social media platform X that it detected unauthorized activity involving one of its Ethereum cold wallets.

In a development that could have a significant impact on the Ethereum price, cryptocurrency exchange Bybit has confirmed a major security breach involving its ETH cold wallet.

Bybit founder Ben Zhou has confirmed that the cryptocurrency exchange suffered a $1.4 billion Ethereum (CRYPTO: ETH) hack, making it one of the largest security breaches in recent history. The attack, which targeted Bybit's Ethereum cold wallet, resulted in the loss of 401,347 ETH ($1.12 billion), 90,376 stETH ($253 million), 15,000 cmETH ($44 million), and 8,000 mETH ($23 million), according to Onchain Lens.

ByBit has confirmed that it was the victim of a hacker attack that led to the theft of over $1.4 billion in Ethereum (ETH).

Bybit confirmed its multi-sig cold wallet was breached hours after the crypto exchange increased access to liquidation data for transparency.

The crypto market experienced a significant downturn after Bybit, a prominent cryptocurrency exchange, announced a devastating hack involving $1.5 billion worth of cryptocurrencies. This incident marks the largest crypto hack to date. Recent updates, including statements from the CEO, confirm that Bybit was compromised, resulting in the loss of approximately $1.5 billion in Ethereum.

On Friday, onchain investigators including Arkham Intelligence and Zachxbt identified an alleged “security incident” involving more than $1 billion in outflows from Bybit. Onchain Experts Report $1B+ Outflow From Bybit in Latest Security Incident The incident saw $1.

Crypto exchange Bybit was attacked Friday, CEO Ben Zhou confirmed, with more than $1.4 billion worth of funds apparently swiped.

Bybit confirmed a series of malicious transactions, which redirected $1.46B from its cold wallets to unauthorized addresses.

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A hacker took control of an ETH cold wallet on the Bybit exchange on Feb. 21, stealing over $1.4 billion in funds.

Bybit, the Singapore-based centralized crypto exchange, according to several crypto security experts and researchers.

The move happened as crypto exchange Bybit saw a sudden $1.4 billion worth of ETH outflow.

In a developing story, the Bybit exchange is suspected to have been hacked for over $1.4 billion. This comes following a report from on-chain sleuth ZachXBT about ETH outflows from the crypto exchange.