bybit Archives - Coinspeaker

German Authorities Confiscate $38 Million in Cryptocurrency Connected to Bybit-Related eXch Exchange Hack

German authorities seized $38 million in cryptocurrency linked to the Bybit hack, with eXch exchange used to launder the stolen funds.

Bybit Exchange Liquidity Returns To Pre-Hack Level: Report

Cryptocurrency News, News

By Godfrey Benjamin May 7, 2025

Bitcoin liquidity on Bybit has returned to its pre-hack levels, signaling renewed stability after February’s $1.5 billion breach.

Bybit Hackers Have Already Swapped $1.2 Billion in ETH to BTC

Cryptocurrency News, News, Story of the Day

By Wahid Pessarlay Apr 21, 2025

Bybit is seeing its stolen funds fade away since only $200 million in Ethereum is left to be swapped to Bitcoin.

Cryptocurrency News, News

Bybit to Axe Major Web3 Portfolio Products, Here’s Reason

By Godfrey Benjamin Apr 16, 2025

Bybit plans to shut down major Web3 services, including wallets and NFT tools, by May in order to focus on core blockchain offerings.

Cryptocurrency News, News

Bybit Reclaims 7% Market Share After $1.46 Billion Hack

By Godfrey Benjamin Apr 10, 2025

Bybit recovers 7% of market share after a $1.4B hack by Lazarus Group, regaining investor confidence with new security measures and boosted liquidity.

Cryptocurrency News, News

Bybit Boosts Security with Zodia Custody Partnership Post-Hack

By Godfrey Benjamin Apr 3, 2025

Bybit has taken a significant step to enhance security by partnering with Zodia Custody.

Cryptocurrency News, News

Bybit Cyberattack Results in $1.5 Billion Ethereum Theft, the Largest Exchange Exploit

By Hamza Tariq Mar 6, 2025

Bybit lost $1.5B in a cyberattack linked to North Korean hackers. The breach stemmed from a compromised Safe{Wallet} developer machine.

Cybersecurity News, News, Technology News

Bybit Hack Spurs $4.6B Surge in THORChain Trading Activity

By Chimamanda U. Martha Mar 4, 2025

THORChain reportedly generated $5.5M in transaction fees from the surge in activity linked to the laundering of Bybit’s stolen funds.

Cybersecurity News, News, Technology News

Bybit Hacker Finishes Laundering All Stolen Ethereum

By Bhushan Akolkar Mar 4, 2025

North Korea’s Lazarus group, reportedly behind the Bybit hack, has laundered all 499,000 stolen ETH leveraging crypto mixers and DEXs.

Cryptocurrency News, News

THORChain Records $1B Trading Volume After Massive Bybit $1.4B Hack

By Chimamanda U. Martha Feb 27, 2025

In January, THORChain paused Bitcoin and Ethereum lending to prevent misuse, as part of a $200 million debt restructuring.

Cryptocurrency News, Cybersecurity News, News, Technology News

FBI Confirms North Korean Hackers Behind Record $1.5 Billion Bybit Theft

By Godfrey Benjamin Feb 27, 2025

FBI officially attributes February’s record-breaking $1.5 billion Bybit cryptocurrency hack to North Korean state-sponsored hackers who used sophisticated deception techniques targeting cold storage.

Cryptocurrency News, News

Bybit Secures Initial UAE Approval Despite Massive $1.4B Hack

By Temitope Olatunji Feb 27, 2025

Bybit received in-principle approval in the UAE, advancing its regulatory efforts while continuing expansion and strengthening compliance across key markets.

Cybersecurity News, News, Technology News

Bybit Hackers Have Strong Links to North Korea, Say Investigators

By Bhushan Akolkar Feb 26, 2025

Blockchain analytics firm Elliptic revealed that the Bybit hack is linked to North Korean hackers who laundered the money using over 11,000 wallets.

Cryptocurrency News, News

Bybit CEO Ben Zhou Declares War on Lazarus Group: Unveils $140M Hack Bounty

By Steve Muchoki Feb 25, 2025

Cryptocurrency exchange Bybit has established a $140 million bounty program to combat North Korea’s Lazarus Group, with rewards for tracking stolen funds while hackers have already laundered $94.1M.

Cryptocurrency News, News

Bybit Hacker Launders $250 Million via THORChain

By Godfrey Benjamin Feb 25, 2025

Bybit exchange is on a recovery mode as the hackers behind the exploit have laundered $250 million of the funds.