In a significant move following its recent security breach, cryptocurrency exchange Bybit has reportedly purchased 266,700 Ethereum (ETH) worth approximately $742 million over two days, according to blockchain analytics firm Lookonchain. The purchases were made by wallets associated with...
The cryptocurrency industry has been rocked by a devastating security breach, as Dubai-based exchange Bybit fell victim to a massive $1.4 billion hack—the largest in crypto history. The attack, which took place on February 21, 2025, has not only...
Blockchain intelligence firm Arkham Intelligence has confirmed that the North Korean state-backed Lazarus Group is responsible for the massive $1.46 billion exploit of crypto exchange Bybit on February 21. The revelation came after on-chain investigator ZachXBT successfully traced wallet...
Ho Kai Xin, a former payroll manager at Bybit, has been reportedly sentenced to nine years and 11 months in prison for embezzling approximately $4.2 million from the exchange’s coffers. According to The Straits Times, the 32-year-old Singaporean was...
A U.S. federal court has finalized the forfeiture of $1 billion in assets from Sam Bankman-Fried, the disgraced co-founder of FTX, marking a major step in efforts to compensate victims of the exchange's collapse. The ruling, issued on February...
The cybercrime division of the Cyprus police has warned about a rise in fraudulent SMS messages impersonating Binance, a major cryptocurrency exchange. Scammers are sending messages claiming that there has been an unauthorized login attempt on the recipient's Binance...
Scammers posing as Saudi Arabia’s Crown Prince Mohammed bin Salman has launched a fraudulent cryptocurrency, exploiting the growing hype around celebrity-endorsed memecoins. The deceptive token, branded as the “Official” Saudi Arabia memecoin (KSA), was introduced on February 17 through...
U.S. federal authorities have charged six individuals in connection with a kidnapping case in Chicago that netted approximately $15 million in Bitcoin, Ethereum, and other cryptocurrencies. The suspects, identified as Zehuan Wei, Fan Zhang, Huajing Yan, Shengnan Jiang, Shiqiang...
zkLend, a Starknet-based Layer 2 money-market protocol, has suffered a security breach resulting in the loss of over $9 million worth of Ether from its coffers. In response, the platform has suspended all withdrawals and launched an internal investigation...
In a coordinated international effort, the United States, the United Kingdom, and Australia have imposed sanctions on Russia-based hosting provider Zservers and its UK-based affiliate, XHOST Internet Solutions LP, for allegedly facilitating cybercrime. The sanctions, announced on February 11...
