Bybit CEO Ben Zhou has revealed that hackers responsible for stealing around 500,000 ETH, valued at approximately 1.4 billion, increasingly rely on crypto mixers to obscure their tracks. Despite these efforts, about 88.87% of the stolen funds remain traceable, 7.59% have gone entirely dark, and 3.54% have been frozen. According ...
Bybit CEO Ben Zhou has addressed the recent liquidation of a massive Ethereum (ETH) position on Hyperliquid, shedding light on the challenges of managing high-leverage trading on decentralized exchanges (DEXs) and centralized exchanges (CEXs). The incident involved a whale holding a long ETH position valued at approximately 300 million, backed ...
Bybit has outpaced its competitors in providing liquidity for cryptocurrencies' spot trading. In its press release, the exchange claimed that the data collected between February 27 and March 3, 2025, shows a substantial increase in liquidity across key trading pairs on its platform. It reported that it achieved three times ...
Bybit has confirmed that it is behind a proposal requesting the return of fees earned by DeFi protocol ParaSwap from transactions linked to the Lazarus Group. The North Korean hacking group allegedly used digital assets stolen from Bybit to conduct swaps on ParaSwap, prompting the exchange to seek the recovery ...
Bybit has joined global financial leaders in tackling cross-border payment challenges for small and medium-sized enterprises (SMEs). The exchange participated in the Inclusive FinTech Forum at the Kigali International Financial Centre, where industry experts explored ways to enhance financial accessibility and streamline international transactions. Representing Bybit, Chief Legal & Compliance ...
North Korea’s notorious cybercrime syndicate, the Lazarus Group, has successfully laundered the entirety of the 499,000 ETH stolen in the recent Bybit hack, amounting to approximately $1.39 billion, in just ten days, according to on-chain analyst EmberCN. According to a March 4 post on X by on-chain analyst EmberCN, Tracking ...
Bybit CEO Ben Zhou disclosed that nearly 20% of the $1.4 billion stolen in a recent cyberattack is untraceable following an attack attributed to North Korea-backed hackers. In a March 4 update on X, Zhou noted that about 77% of the stolen assets remain traceable, but the laundered portion complicates ...
The hacker responsible for the $1.4 billion Bybit exploit has successfully laundered over 50% of the stolen Ethereum, primarily converting it into Bitcoin through THORChain, according to blockchain analytics firm Spot On Chain. The firm reported that the attacker had moved approximately 266,309 ETH—worth $614 million—over five days, maintaining a ...
Bybit is advancing toward securing a full operational license in the United Arab Emirates (UAE) following recent regulatory approval despite facing one of the largest crypto hacks in history. On February 27, Bybit announced that it had received in-principle approval from the UAE’s Securities and Commodities Authority (SCA) to establish ...
Blockchain forensic experts are raising alarms over the rapid laundering of funds from the recent Bybit hack, with evidence suggesting North Korea may have expanded its illicit financial operations. According to a February 27 report from TRM Labs, nearly $400 million of the stolen $1.46 billion was laundered in just ...
