The Bybit hack has been traced back by the blockchain investigator ZachXBT, with conclusive evidence linking the hackers to the $1.46 billion theft.

Societe Generale-Forge (SG-FORGE) has chosen the Stellar blockchain to launch its MiCA-compliant euro stablecoin (EURCV). Stellar Network to Host Societe Generale-Forge's Euro-Backed Stablecoin Societe Generale-Forge (SG-FORGE) has expanded its multichain strategy by launching its EUR-backed stablecoin (EURCV) on the Stellar network.

Newly launched funds holding Bitcoin and Ether have so far seen scant interest from investors.

In a significant blow to the cryptocurrency industry, Bybit, one of the leading crypto exchanges, has confirmed a major security breach involving its Ethereum cold wallet. The incident, reported on Friday by Bitcoinist, marks one of the largest cryptocurrency hacks in history, with losses estimated at over $1.5 billion.

The Bybit hack is more than twice as large as the second-largest crypto exploit, which belongs to Ronin Network.

Coinbase announced on Feb. 21 that the U.S. Securities and Exchange Commision is set to dismiss its June 2023 lawsuit against the crypto exchange, a move that analysts at H.C. Wainwright & Co.

A widely followed cryptocurrency analyst and trader is leaning bullish on the altcoin market but with a caveat. The analyst pseudonymously known as Capo tells his 929,300 followers on the social media platform X that altcoins could go up by double-digit percentage points from the current level. “Expecting altcoins to pump 10%-20% from here.

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.

South Korea's "Jonbur Kim" Park, the "Coin King," has been re-arrested for a $47M crypto fraud scheme involving Artube coin manipulation. Prosecutors accuse him of deceiving investors, inflating token prices, and bribing exchange officials, just weeks after being released on bail for a separate fraud case. The post South Korean “Jonbur Kim” Park, ‘Coin King,' Re-Arrested for $47M Crypto Fraud After Bail Release appeared first on Cryptonews.

"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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BitMEX has announced the delisting of 10 derivatives contracts, settled early on February 21, 2025. This move affects traders holding positions in these contracts.

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.

A prominent South Korean crypto personality has been rearrested alongside an accomplice for orchestrating a massive $47M fraud scheme involving the Artube token while awaiting trial for previous charges.

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.