FBI confirms North Korea's Lazarus Group stole $1.4 billion in cryptocurrency from Bybit exchange through a compromised developer machine during a routine transfer.

Bitcoin plunged under $83,000, marking a 25% drop from its January peak, with the Fear and Greed Index sinking to 10—lower than during the FTX collapse. The official index website noted that extreme fear often signals excessive investor worry, which could present a buying opportunity for those looking to enter the market.

The SEC ended its 699-day investigation into Gemini without charges, prompting co-founder Cameron Winklevoss to demand accountability for millions in legal costs and lost innovation.

Winklevoss twin-led Gemini is the latest crypto firm to shake off the U.S. Securities and Exchange Commission's scrutiny, as the agency closed its probe after nearly two years.

Iran is tightening control over cryptocurrencies as its economy struggles with rising inflation and a weakening national currency. The latest restrictions have left millions of crypto users in the country facing new challenges.

Blockchain security experts uncovered a malicious mobile app that stole sensitive wallet data from users' devices, leading to the theft of over $1.8 million in cryptocurrency. A fake app called BOM stole over $1.

The crypto market today has seen a notable decline, with the business's market cap taking a hit of 8.46% to $2.86 trillion in the past 24 hours. Meanwhile, trading volume whooshed a jaw-dropping 115.29% to $186.48 billion, indicating growing activity as investors react to the downturn.

Bank of America is considering launching its own stablecoin but is waiting for official regulatory approval before moving forward.

Russian crypto entrepreneur Aleksei Andriunin has been extradited to the US to face charges of orchestrating a multi-million dollar scheme that artificially inflated cryptocurrency trading volumes

The SEC and Justin Sun requested a legal pause to explore a potential settlement regarding the regulator's lawsuit against Sun and his companies.

Lawmakers could face possible delays in creating clear rules for the cryptocurrency market. Senator Cynthia Lummis recently led the first meeting of the Senate Subcommittee on Digital Assets, which is a major step toward creating rules for cryptocurrencies.

A cybercrime group has launched a complex social engineering scheme with fake crypto job ads, a fake firm and a malicious meeting app.

Citadel Securities is reportedly preparing to expand into the cryptocurrency market, with plans to become a key liquidity provider for digital assets.

The Pump.fun X account was compromised on Feb. 26, leading to the promotion of a fake governance token called "PUMP.”

The FBI says it “encourages” private sector entities to prevent Bybit hackers from laundering more funds from the $1.4 billion hack on Oct. 21.

The Federal Bureau of Investigation (FBI) has confirmed that North Korean hackers, operating under the codename “TraderTraitor,” were behind the theft of approximately $1.5 billion in virtual assets from ByBit, a major cryptocurrency exchange.

The U.S. House of Representatives has taken a key step to overturn an IRS rule that imposes strict tax reporting on decentralized finance (DeFi) platforms. The House Ways and Means Committee voted 26-16 in favor of a resolution to nullify the IRS policy under the Congressional Review Act.

The FBI has identified North Korea as the culprit behind the massive $1.5 billion cryptocurrency theft from ByBit, a major crypto exchange. The agency attributed the attack to the TraderTraitor hacking group, known for targeting digital asset platforms.

Bybits forensic review of last weeks $1.5 billion hack confirmed that its systems remained secure, attributing the breach to compromised Safe wallet infrastructure. The investigation found that a Safe developers credentials were compromised, allowing the notorious Lazarus Group to infiltrate the wallet and trick Bybit staff into authorizing a malicious transaction.

The U.S. Treasury has appointed Tyler Williams, regulatory counsel at Galaxy Digital, to advise on digital asset and blockchain policy. Williams, who currently leads Regulatory and Legislative Affairs at Galaxy Digital, also teaches part-time at The George Washington University Law School.

Bank of America is prepared to launch its own U.S. dollar-backed stablecoin if lawmakers approve necessary legislation, CEO Brian Moynihan said in an interview at the Economic Club of Washington, D.C. If they make that legal, we will go into that business, Moynihan stated, emphasizing that stablecoins function similarly to money market funds or traditional bank accounts.

A new cybersecurity report warns that hackers are planting malicious code in GitHub projects to steal Bitcoin (BTC) and other cryptocurrencies. Security firm Kaspersky uncovered a campaign called GitVenom, which has been active for at least two years, exploiting unsuspecting developers by hiding malware in seemingly legitimate repositories.

The fallout from the recent $1.5 billion Bybit hack continues to unfold as Safe Wallet confirms that hackers exploited its infrastructure.

Cybercriminals have initiated a sophisticated attack that targets GitHub users. They are utilizing fake repositories to disseminate malware that steals personal data and cryptocurrency.

Federal authorities arrested three individuals in California for allegedly laundering over $13 million from victims of crypto investment scams known as “pig butchering.

The SEC has already dismissed the probe against Robinhood Crypto, Coinbase, Uniswap and the latest being Gemini. The post SEC Drops Aggressive Crypto Enforcement Campaigns, Gemini Confirms to be Latest appeared first on Cryptonews.

In one of the biggest crypto heists ever! North Korean hackers have stolen a staggering $1.5 billion from ByBit, one of the world's largest cryptocurrency exchanges, according to the FBI's official statement. This marks one of the biggest crypto hacks in history, nearly doubling what North Korea stole in digital assets last year.

Bybit is back in India! After overcoming regulatory hurdles and a security breach, the crypto exchange fully restores services, resuming new user onboarding and trading access. Bybit Reinstates Services in India After Regulatory Compliance Cryptocurrency exchange Bybit has officially registered with Indian authorities, allowing the platform to fully restore its services in the country.

The US Securities and Exchange Commission (SEC) has ended its investigation into Gemini without filing any charges. However, Gemini co-founder Cameron Winklevoss has strongly criticized the agency, accusing it of causing financial and operational harm to the crypto industry.

The FBI, while late to the party, has confirmed the $1.4 billion theft of Ethereum from a Bybit cold wallet originated from North Korea.

Crypto's recent downturn is a “tactical retreat, not a reversal,” Binance's CEO said, pointing to strong institutional demand, resilient fundamentals, and past market recoveries. Binance CEO Breaks Down Crypto's ‘Tactical Retreat'—Why It's a Bullish Signal Binance CEO Richard Teng addressed recent market turbulence on social media platform X on Feb.

The SEC has ended its probe into Gemini exchange, deciding not to take enforcement action, though it left open the possibility of future actions.

The crypto market is experiencing a significant upheaval, with a staggering $300 billion erased in just 24 hours. This massive sell-off has raised concerns among investors, prompting analysts to explore the underlying causes of this dramatic decline.

Russian law enforcers have confiscated over 200 crypto mining rigs after power outages struck a village in Ingushetia. The post FSB Seizes Hundreds of Crypto Mining Rigs After Power Outages Hit Russian Village appeared first on Cryptonews.

The resolution repealing the IRS law needs to pass through the House, then the Senate, and if successful, it can then be sent to US President Donald Trump to sign into law.

Gemini co-founder Cameron Winklevoss disclosed Wednesday that the SEC has concluded its investigation into the cryptocurrency exchange with no enforcement action to be taken. What happened: In an X post, Winklevoss stated that the regulator notified the company's litigation counsel of the closure.

The cryptocurrency market has been rocked by a significant surge in liquidations, with over $1.5 billion wiped out in just 24 hours. This marks the third time in February that liquidations have surpassed the billion-dollar threshold, fueling fears of an impending bear market.

The incident underscores the growing threat of state-sponsored cybercrime in the crypto sector, necessitating enhanced global cybersecurity measures. The post FBI identifies North Korea as responsible for $1.5 billion Bybit crypto heist, labels activity “TraderTraitor” appeared first on Crypto Briefing.

According to Bloomberg, lawyers representing Justin Sun and the US Securities and Exchange Commission (SEC) are requesting a stay in the ongoing regulatory proceedings against him. Justin Sun And SEC Seek Case Pause This joint filing, submitted on Wednesday, indicates that both parties believe it is in their mutual interest to pause the case while they explore a potential resolution.

Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, announced that the US Securities and Exchange Commission (SEC) has officially closed its investigation into the company without pursuing any enforcement action.

Legislators convened a panel to discuss what stablecoin and market structure bills need to address.

The US House of Representatives has now proposed a bill that would bar the IRS from regulating taxes in decentralized finance or DeFi platforms.

A popular market analyst known for his timely crypto calls says that the astronomical altcoin gains of the last cycle are probably never going to happen again.

In a Wednesday X post, the co-founder and president of Gemini suggested the SEC publicly fire all staff members involved in the investigation.

During a Wednesday meeting, lawmakers and industry experts expressed less urgency to speed-run new crypto reforms.

The Federal Bureau of Investigation said on Wednesday that North Korea was responsible for the theft of approximately $1.5 billion in virtual assets from cryptocurrency exchange ByBit.

Safe{Wallet} has released a statement on Bybit's targeted. The forensic report has left former Binance CEO Changpeng Zhao with more questions than answers and he heavily criticized them claiming the report is written in vague language to brush over the issues.