Bybit saw $5.5 billion in outflows following crypto’s biggest hack
Cryptocurrency exchange Bybit has experienced total outflows exceeding $5.5 billion after suffering a $1.4 billion security breach, reportedly carried out by hackers linked to North Korea’s Lazarus Group. The attackers targeted the exchange’s ether cold wallet, prompting Bybit to secure emergency funding to maintain withdrawal operations.
Overall, the crypto community is reassured by Bybit’s ability to manage over $6 billion in withdrawals following the hack.
Bybit Web3, one of the world’s most visited crypto exchanges and an NFT marketplace, has closed the liquidity gap left after ...
Crypto exchange Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion worth of ...
It praised the work of industry groups that came together to help trace, block and recover some of the stolen funds. For ...
Hackers may launder Bybit’s $1.4B stolen funds through crypto mixers, but the large volume could complicate the process, ...
Crypto exchange Bybit announced that it has recovered almost 100% of its Ethereum lost through loans and other OTC deals.
Dubai-based cryptocurrency exchange Bybit reported on Friday that hackers stole $1.5 billion worth of digital assets in what ...
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Lazarus Group launches ‘QinShihuang’ meme coin to launder $26M more from Bybit stashNorth Korea’s Lazarus Group dropped a meme coin Sunday morning called QinShihuang on the Pump Fun platform to launder $26 ...
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