Tag Archives: bybit

Bybit Theft Update: CEO Confirms Significant Portion Of Stolen $1.4 Billion Is Now Untraceable

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In a staggering breach that rocked the crypto world, crypto exchange Bybit has reported significant developments following a major hack attributed to alleged North Korean hackers.  The incident, part of a record-breaking $1.5 billion crypto heist, has seen hackers convert at least $300 million into unrecoverable funds. CEO Ben Zhou provided a detailed update on… Continue reading Bybit Theft Update: CEO Confirms Significant Portion Of Stolen $1.4 Billion Is Now Untraceable→

Ethereum Price Crash To $2,000 Could Happen As Smaller Timeframes Turn Bearish

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Ethereum’s price trajectory has taken a sharp downturn, with technical analysis showing a possible crash to $2,000. Crypto analyst SwallowAcademy pointed out on the TradingView platform that some bearish signals are forming in smaller timeframes, especially as buyers have failed to maintain a key support zone at $2,700. Notably, the broader market downturn over the… Continue reading Ethereum Price Crash To $2,000 Could Happen As Smaller Timeframes Turn Bearish→

Against The Tide: SEI Climbs 16% As Market Wobbles Post Bybit Hack

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The cryptocurrency token SEI has actually stood out as a noteworthy example of market endurance, which was further confirmed by this token posting a solid 16% within the previous week. Obviously, the token’s performance came on the back of a gloomy mood in the cryptocurrency markets after the Bybit security breach and what came thereafter… Continue reading Against The Tide: SEI Climbs 16% As Market Wobbles Post Bybit Hack→

North Korean Lazarus Group Identified As Culprit In Bybit’s Historic $1.5 Billion Hack

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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. Bybit Hack Linked To North Korea’s… Continue reading North Korean Lazarus Group Identified As Culprit In Bybit’s Historic $1.5 Billion Hack→

A Record $21.77 Billion In Bitcoin Shorts Will Be Liquidated Once BTC Breaks $70,500

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Bitcoin is trending higher at spot rates, floating above $60,000 and confirming gains of September 13. From price action in the daily chart, buyers appear to be back in the picture. The confidence follows the United States Federal Reserve’s (Fed) decision to slash rates by 50 basis points on September 18. Over $21 Billion Of… Continue reading A Record $21.77 Billion In Bitcoin Shorts Will Be Liquidated Once BTC Breaks $70,500→

Crypto Liquidation Data Rigged By Exchanges? Researcher Unveils The Truth

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Vetle Lunde, a senior analyst at K33 Research, has issued a stark warning regarding the practices of prominent crypto exchanges concerning the authenticity of liquidation data. In a post on X, Lunde outlines how exchanges such as Binance, Bybit, and OKX have systematically modified their data reporting processes in a way that he claims significantly… Continue reading Crypto Liquidation Data Rigged By Exchanges? Researcher Unveils The Truth→

Major Crypto Exchanges Tease Solana Liquid Staking Tokens, Will SOL Takeoff?

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Three major crypto exchanges teased the launch of new Solana-based products. The trading platforms shared mysterious hints on their official X accounts, suggesting their entry to Solana’s Liquid Staking ecosystem. The news received a positive reaction from the crypto community, seemingly fueling a bullish sentiment among SOL investors. Exchanges Hint At New Solana-Based Products On… Continue reading Major Crypto Exchanges Tease Solana Liquid Staking Tokens, Will SOL Takeoff?→