Tag: Bybit

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 ...

Blockchain security firm Elliptic has reported that the massive $1.46 billion stolen from Dubai-based crypto exchange Bybit is now being laundered, with hackers employing complex tactics to obscure their tracks. According to a blog post by Elliptic, the attack, attributed to North Korea’s Lazarus Group, follows a familiar pattern. Cybercriminals ...

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 Bybit, although the exchange has not officially acknowledged this. One wallet, ...

Bybit has invested $1 million in EthicHub through the Blockchain for Good Alliance (BGA), reinforcing its commitment to using blockchain for social impact. This investment establishes the "Bybit Pool," a dedicated fund within EthicHub’s ecosystem to provide ethical credit lines and alternative financing to smallholder coffee farmers who have long ...

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 shaken investor confidence but also reignited concerns over the security of ...

Bybit CEO Ben Zhou has confirmed that the crypto exchange has fully restored its withdrawal system after suffering the largest hack in the industry's 15-year history. In a post on X on February 22, Zhou assured users that all pending withdrawals had been processed and that the platform was operating ...

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 connections leading back to the notorious hacker collective. Arkham had offered ...

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 convicted of cheating, money laundering, and providing false information to authorities. ...