Bybit got ripped apart by hackers today, and now we know exactly who did it. The infamous Lazarus Group, North Korea's state-backed cybercriminal syndicate, has been exposed as the masterminds behind the $1.5 billion Bybit exploit, which is the largest crypto theft in history.

"ZachXBT submitted definitive proof that this attack on Bybit was performed by the LAZARUS GROUP," Arkham said in a post to X.

The week's uptrend was quickly upended by the hack at crypto exchange Bybit.

The hearings in both chambers of Congress will contemplate CBDCs, stablecoins, and market structure legislation.

The Bybit exchange was hacked for some $1.4 billion in ether this morning, marking the largest exploit in crypto history.

The scale of the staggering $1.4 billion hack on crypto exchange Bybit will undoubtedly unfold in coming days and weeks.

Cryptocurrency holders of should we ‘'hodlers'' love to dream big. They dream of big mansions, nice cars, and a life of ease.

The United States Securities and Exchange Commission may be prioritizing crypto litigation as some big court deadlines approach.

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The makeover of the U.S. Securities and Exchange Commission appears to be well underway following news that the agency plans to dismiss its years-long case against Coinbase.

The European Union's new MiCA regulations will require all stablecoin issuers to get official approval starting in 2025. Major crypto exchanges Kraken and Crypto.com are creating their own proprietary stablecoins to stay compliant. The post Kraken and Crypto.com Plan to Launch Their Own Stablecoins in 2025: Report appeared first on Cryptonews.

The U.S. Securities and Exchange Commission (SEC) is dropping a lawsuit against the top US-based crypto exchange, according to a new Coinbase blog post. Coinbase says the SEC has agreed “in principle” to dismiss its case with Commissioner approval.

Crypto exchange ByBit says everyone is affected by the suspected hack of one of its cold wallets leading to the theft of almost $1.4 billion in Ethereum. During a live stream X platform, ByBit's head of derivatives and Institutions, Shunyet Jan, precisely said “to be honest right now, everyone is affected.

ConsenSys has submitted a letter to the U.S. Securities and Exchange Commission (SEC) expressing concerns about the proposed amendments to the definition of “exchange” under U.S. securities laws. The letter, addressed to Commissioner Hester Peirce and the SEC's Crypto Task Force, requests the removal of the rulemaking from the regulatory agenda.

OKX Ventures has announced its investment in Cygnus Finance, a platform aimed at enhancing Web3 through modular real yield layers and innovative creator economy solutions.

Ran Neuner, founder of Crypto Banter, says recent crypto liquidations have scared off some retail investors.

Bitfinex releases version 7.7.0 of its mobile app, introducing performance improvements and new features, including enhanced navigation and express onboarding for El Salvador users.

The memo could escalate global trade tensions, impacting US crypto firms with increased compliance costs and potential market contraction. The post Trump's digital tax memo signals potential impact on US crypto firms appeared first on Crypto Briefing.

The agency has been plagued with procedural and organizational issues for years.

August Co-Founder and CEO Aya Kantorovich dives into crypto's capital markets, and how banks are looking to get started with DeFi.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The 90-day moving average of altcoin trading volume on centralized exchanges has risen since mid-November, potentially signaling the start of an altcoin season, according to CryptoQuant. CryptoQuant CEO and founder Ki Young Ju shared data showing the trading volume ratio of altcoins compared to Bitcoin (BTC) rose from 1.77 to 2.77 as of Feb. 20.

Bybit exchange has suffered a massive $1.4 billion hack, one of the largest in crypto history. How did the attack happen, and what's next for crypto security?

Sam Bankman-Fried criticizes the handling of his fraud trial in The New York Sun interview, claiming the prosecution misled the jury. He also condemns Democratic policies on crypto, calling the Republican Party “more reasonable.” The post SBF Says Court Narrative Was Misleading in Latest The New York Sun Interview appeared first on Cryptonews.

The Bybit hack from this morning is already seeing a massive fallout, with conflicting narratives surrounding the security breach. The exchange is seeing extreme liquidity demand for withdrawals while Pi Network surges nearly 10%.

According to the initial analyses conducted by the blockchain analytics company Nansen, the total amount of the attack on Bybit is $1.44 billion. The cryptocurrency sector has been shaken by an unprecedented cyberattack on Bybit, one of the largest exchanges in the world.

Cryptocurrency exchange Bybit has been hacked for over $1.4 billion in liquid-staked Ether (stETH), Mantle Staked ETH (mETH), and other ERC-20 tokens. The exploit was identified shortly after it occurred, with onchain security analyst ZachXBT urging users to blacklist the associated hacker addresses.

This time, the season will be likely driven by stablecoin holders, rather than a rotation out of Bitcoin, he said.

Bybit will repay all users, though some of the lost Ethereum (ETH) may be secured via a bridge loan for short-term claims. The exchange has enough reserves to compensate all users in kind, and is working through the withdrawal queue.

A popular crypto analyst has made a bold proclamation about altcoins as the broader crypto market attempts a recovery. The chief executive of blockchain intelligence platform CryptoQuant stated that the stage is set for altcoins — aka cryptocurrencies that aren't Bitcoin — to witness a big burst to the upside.

Bybit CEO has said that the exchange is solvent and withdrawals remain open.

SBF, once a Democratic donor, pivots to Trump-aligned rhetoric in hopes of escaping his 25-year prison sentence.

Bybit has launched an industry-first initiative by making all liquidation data fully accessible in real-time via its enhanced API. This move aims to improve market transparency, empower traders, and boost institutional confidence in the crypto space.

Ethereum multisig wallet Safe has announced it is temporarily halting certain functionalities as the post-mortem of the $1.4 billion Bybit hack on Feb. 21 begins.

A bipartisan challenge to the SEC's exclusion of staking from ETPs is an essential step to maintaining America's competitiveness in the digital asset markets.

The Securities and Exchange Commission blocked staking when crypto exchange-traded funds were granted, but the lawmakers suggest the SEC may have been off-base.

Bybit Hack Update: Bybit cryptocurrency exchange is facing a severe security incident that has left the crypto community concerned. The Bybit hack, which involved the compromise of a multi-signature cold wallet, has resulted in significant financial losses.

Memecoins show explosive growth, but their speculative nature raises concerns over sustainability.

In a livestream, Bybit CEO stated that 70% of transactions have successfully gone through, though some users may experience delays due to network congestion.

Coinbase said Friday (Feb. 21) that Securities and Exchange Commission (SEC) staff have agreed in principle to dismiss the agency's enforcement case against the cryptocurrency company, subject to commissioner approval.

The SEC has agreed in principle to dismiss Coinbase lawsuit without penalties or operational changes.

On February 21, 2025, Bybit, one of the leading cryptocurrency exchange platforms, revealed that it had fallen victim to a sophisticated cyberattack. According to an official statement, a cold wallet holding Ethereum (ETH) was compromised, allowing an attacker to transfer $560 million to an unidentified hot wallet.

Bybit has reportedly suffered a massive security breach, with approximately $1.46 billion in digital assets mysteriously leaving its wallets, according to blockchain investigator ZachXBT.

Leverage these AI technologies to unlock a competitive edge for your investments and business in the crypto industry.

Elliptic, Flashbots and Binance founder CZ all reacted to Bybit's apparent $1.4 billion hack, perhaps the largest crypto theft of all time.

On Friday, crypto exchange Bybit opened its liquidation data to the public through its enhanced application programming interface (API).

Apex Fusion, a cutting-edge Web3 project aiming to unify blockchain ecosystems, has officially launched Prime Chain, its foundational Layer 1 blockchain. With a mission to bridge the gap between UTXO-based and account-based systems, Apex Fusion's Prime Chain marks a significant milestone in the evolution of blockchain interoperability and scalability.

Bybit was hacked today for around $1.4 billion in ether (ETH) and staked ether (stETH). Blockchain analyst ZachXBT first flagged the suspicious outflows, confirming the breach through his sources. Bybit's CEO, Ben Zhou, later confirmed the attack, stating the hacker gained control of one specific cold wallet, transferring all its ETH.