⚖️ Nigeria sues Binance for $81.5B!
🇳🇬 The Nigerian government is taking Binance to court, demanding $79.5B for economic damages and $2B in back taxes. Officials blame the exchange for the naira’s troubles and even detained two Binance executives in 2024. 💰
The charges? Tax evasion, failure to file returns, and enabling tax avoidance. Authorities also want a 26.75% interest rate on unpaid taxes.🧐
Binance, which isn't registered in Nigeria, has denied the money laundering accusations and halted naira trading last year.
🇳🇬 The Nigerian government is taking Binance to court, demanding $79.5B for economic damages and $2B in back taxes. Officials blame the exchange for the naira’s troubles and even detained two Binance executives in 2024. 💰
The charges? Tax evasion, failure to file returns, and enabling tax avoidance. Authorities also want a 26.75% interest rate on unpaid taxes.🧐
Binance, which isn't registered in Nigeria, has denied the money laundering accusations and halted naira trading last year.
😁13👻4👍3🤔2🤪2🍌1😐1
Mark Cuban Backs Out of Meme Coins! 🚫🐸
💵 Billionaire Mark Cuban was considering launching his own meme token but has now shelved the idea, saying the space lacks transparency and fairness.
His decision comes after Argentina's President Milei got caught in a meme coin scandal, where the team behind $LIBRA pulled a $100M rug. Meanwhile, Trump’s token is still going strong, and Cuban once joked about using meme coin revenue to reduce U.S. debt. 💰
Looks like Cuban doesn’t want to play "musical chairs" with meme coins. But in crypto, never say never… 👀
💵 Billionaire Mark Cuban was considering launching his own meme token but has now shelved the idea, saying the space lacks transparency and fairness.
His decision comes after Argentina's President Milei got caught in a meme coin scandal, where the team behind $LIBRA pulled a $100M rug. Meanwhile, Trump’s token is still going strong, and Cuban once joked about using meme coin revenue to reduce U.S. debt. 💰
Looks like Cuban doesn’t want to play "musical chairs" with meme coins. But in crypto, never say never… 👀
👍11🔥2❤1
☠️ Zombie Companies Turning to Bitcoin for Salvation
In a desperate bid to survive, struggling companies are abandoning business development and instead betting on Bitcoin to attract investors. 💰
Following Michael Saylor’s playbook, they hope that adding crypto to their balance sheets will boost stock prices and grab headlines. But is this a smart strategy, or just another fad for companies on life support? 🤔
In a desperate bid to survive, struggling companies are abandoning business development and instead betting on Bitcoin to attract investors. 💰
Following Michael Saylor’s playbook, they hope that adding crypto to their balance sheets will boost stock prices and grab headlines. But is this a smart strategy, or just another fad for companies on life support? 🤔
❤8👍2🤩1👾1
📊 February: Bitcoin’s Lucky Month? 🚀
Historically, February has been one of the greenest months for BTC. To keep the streak alive and avoid marking only the third red February ever, Bitcoin needs to close above $102,500. 📈🥺
Will the bulls step up, or is history about to get a rare red mark? 🤔🔥
Historically, February has been one of the greenest months for BTC. To keep the streak alive and avoid marking only the third red February ever, Bitcoin needs to close above $102,500. 📈🥺
Will the bulls step up, or is history about to get a rare red mark? 🤔🔥
👍14🔥3🎃2❤1
Altseason is Here? 🧐
According to CryptoQuant CEO, altseason has begun! 🚀
Is this really the altseason we’ve been waiting for? 🤔😁
According to CryptoQuant CEO, altseason has begun! 🚀
No direct BTC-to-alt rotation, but stablecoin holders are favoring alts. Alt volume is 2.7x BTC. BTC Dominance no longer defines alt season—trading volume does.
It’s a very selective alt season tho. DYOR.
Is this really the altseason we’ve been waiting for? 🤔😁
👍16😁2👎1
A former employee of Bybit's service provider was sentenced to 10 years in prison for a $5,700,000 fraud! 🚓💰
A former fintech employee in Singapore, Ho Kai Xin, scammed $5.7M, mostly in crypto, by editing Excel payroll files to funnel funds into her own wallets. She splurged on a $3.7M penthouse, a Mercedes-Benz, and Louis Vuitton goods—until reality caught up. 💵💃
⚖️ Ho was sentenced to nearly 10 years in jail, but not before ignoring court orders and blowing another $840K. ByBit managed to recover some funds, but millions remain missing. 🤷
A former fintech employee in Singapore, Ho Kai Xin, scammed $5.7M, mostly in crypto, by editing Excel payroll files to funnel funds into her own wallets. She splurged on a $3.7M penthouse, a Mercedes-Benz, and Louis Vuitton goods—until reality caught up. 💵💃
⚖️ Ho was sentenced to nearly 10 years in jail, but not before ignoring court orders and blowing another $840K. ByBit managed to recover some funds, but millions remain missing. 🤷
👍13🙏2👾1
This media is not supported in your browser
VIEW IN TELEGRAM
🇦🇷🪚 Milei Gifts Musk a Chainsaw—Symbol of Budget Cuts
Argentinian President Javier Milei gave Elon Musk a chainsaw, representing his fight against corruption and budget cuts. In true Musk fashion, he updated his Twitter avatar and now seems ready to audit the Fed. 🚀
Chainsaw diplomacy or just another meme in the making? 🤔🔥
Argentinian President Javier Milei gave Elon Musk a chainsaw, representing his fight against corruption and budget cuts. In true Musk fashion, he updated his Twitter avatar and now seems ready to audit the Fed. 🚀
Chainsaw diplomacy or just another meme in the making? 🤔🔥
👍11❤3👎1💊1
🚀 Solana Leaves ETH & BTC in the Dust?
Solana now has 10x more daily active users than Ethereum and Bitcoin! The shift happened in January 2024 and is still holding strong. 📈
But before calling it a flippening, remember—the chart doesn’t account for Layer 2 networks. Is Solana truly dominating, or is there more to the story? 🤔🔥
Solana now has 10x more daily active users than Ethereum and Bitcoin! The shift happened in January 2024 and is still holding strong. 📈
But before calling it a flippening, remember—the chart doesn’t account for Layer 2 networks. Is Solana truly dominating, or is there more to the story? 🤔🔥
👍12❤2
💰 Pig Butchering Scams Rake in $5.5B in 2024
According to Cyvers, this scheme is now the biggest threat to retail investors and platforms in early 2025. 🚨
🐷 Pig Butchering works by luring victims into fake investments, building trust, and encouraging bigger deposits—only to vanish with the funds once the "pig" is fat enough. 🔪
Stay sharp and don’t get slaughtered! ⚠️🚫
According to Cyvers, this scheme is now the biggest threat to retail investors and platforms in early 2025. 🚨
🐷 Pig Butchering works by luring victims into fake investments, building trust, and encouraging bigger deposits—only to vanish with the funds once the "pig" is fat enough. 🔪
Stay sharp and don’t get slaughtered! ⚠️🚫
👍8👾1
CryptoQuant CEO on the Bull Cycle 🐂
Well… in the last 7 trading days, Bitcoin ETFs saw a net outflow of $1.057B! 😬 Is the bear cycle knocking on the door, or just a temporary shakeout? 🐻📉
"This bull cycle would last until significant ETF outflows emerge. Prolonged net negative demand would signal the start of a bear cycle" - says CryptoQuant’s CEO.
Well… in the last 7 trading days, Bitcoin ETFs saw a net outflow of $1.057B! 😬 Is the bear cycle knocking on the door, or just a temporary shakeout? 🐻📉
👍8🤔2❤1
🇺🇸💰 Bitcoin to Save the US Economy?
VanEck analysts claim that if the US accumulates 1M BTC by 2029, it could help offset $21T of national debt by 2049. 📈
Sounds like a bold plan—but can Bitcoin really fix America’s financial woes, or is this just another bullish fantasy? 🤔🚀
VanEck analysts claim that if the US accumulates 1M BTC by 2029, it could help offset $21T of national debt by 2049. 📈
Sounds like a bold plan—but can Bitcoin really fix America’s financial woes, or is this just another bullish fantasy? 🤔🚀
👍14😁2❤1
🇺🇸⚡️ Saylor: The US Must Buy 20% of Bitcoin Before China & Russia Do
Michael Saylor warns that digital economic dominance is at stake—and the US must secure 20% of Bitcoin’s supply before global rivals like China and Russia take the lead. 🚀
With 478,740 BTC ($45B), Saylor’s firm (ex-MicroStrategy) leads corporate holdings—but will Washington follow his call? 🤔🔥
Michael Saylor warns that digital economic dominance is at stake—and the US must secure 20% of Bitcoin’s supply before global rivals like China and Russia take the lead. 🚀
"Bitcoin is the foundation of the 21st-century economy. If others buy first, they’ll lock the US out of the future financial order."
With 478,740 BTC ($45B), Saylor’s firm (ex-MicroStrategy) leads corporate holdings—but will Washington follow his call? 🤔🔥
👍12❤2
⛽️ Ethereum Transaction Fees Hit 4-Year Low!
The cost of transactions on the Ethereum network has dropped to a 4-year low at just $0.94.
🔻 Additionally, the median gas price has returned to its historic minimum of 1.39 Gwei, a level last seen in 2020.
Is this a sign of reduced network activity or a more efficient blockchain? 🤔
The cost of transactions on the Ethereum network has dropped to a 4-year low at just $0.94.
🔻 Additionally, the median gas price has returned to its historic minimum of 1.39 Gwei, a level last seen in 2020.
Is this a sign of reduced network activity or a more efficient blockchain? 🤔
👍10❤1
🚨 ByBit Hacked – $1.1B Lost!
ByBit has suffered a major security breach. 401,346 wrapped ETH (~$1.1B) was withdrawn from an exchange wallet and immediately swapped for regular ETH on DEX.
ByBit’s CEO confirmed that a hacker gained control of a cold Ethereum wallet and moved all ETH to an unknown address. 👀
🔎 ZachXBT also flagged this as a confirmed hack.
Stay alert – more updates to come! ⚠️
ByBit has suffered a major security breach. 401,346 wrapped ETH (~$1.1B) was withdrawn from an exchange wallet and immediately swapped for regular ETH on DEX.
ByBit’s CEO confirmed that a hacker gained control of a cold Ethereum wallet and moved all ETH to an unknown address. 👀
🔎 ZachXBT also flagged this as a confirmed hack.
Stay alert – more updates to come! ⚠️
👍11🤯5
Crypto soothsayer
🚨 ByBit Hacked – $1.1B Lost! ByBit has suffered a major security breach. 401,346 wrapped ETH (~$1.1B) was withdrawn from an exchange wallet and immediately swapped for regular ETH on DEX. ByBit’s CEO confirmed that a hacker gained control of a cold Ethereum…
A massive 560,000,000 USDT transaction was just sent to Bybit! 🤯
With the recent hack and ongoing security concerns, what’s really going on? 👀
With the recent hack and ongoing security concerns, what’s really going on? 👀
🤯23👍6👏2
🚨 Bybit Restores Withdrawals After $1.5B Hack
Bybit CEO Ben Zhou confirmed that all withdrawals have been processed, and the system has returned to a normal pace after the largest hack in crypto history.
💡 Key Updates:
🔹 Users can now withdraw funds without delays.
🔹 A full incident report & security assessment will be released soon.
🔹 Bitget & Crypto.com have pledged support, with Bitget transferring 40,000 ETH ($105M) to help.
The response from Bybit’s team has been praised as a masterclass in crisis management. Stay tuned for further updates! 🔍
Bybit CEO Ben Zhou confirmed that all withdrawals have been processed, and the system has returned to a normal pace after the largest hack in crypto history.
💡 Key Updates:
🔹 Users can now withdraw funds without delays.
🔹 A full incident report & security assessment will be released soon.
🔹 Bitget & Crypto.com have pledged support, with Bitget transferring 40,000 ETH ($105M) to help.
The response from Bybit’s team has been praised as a masterclass in crisis management. Stay tuned for further updates! 🔍
👍18❤2
🥷 Bybit Hack Linked to North Korean Lazarus Group!
🚀 Arkham launched a $32,000 bounty (50,000 ARKM) for information on the Bybit hacker. Just one hour later, blockchain investigator ZachXBT provided definitive proof that the attack was carried out by Lazarus Group – a notorious North Korean hacking syndicate.
🔍 His findings include:
▪️Test transactions and linked wallets used before the hack.
▪️Forensic graphs & timing analysis.
The report has been shared with Bybit to aid their investigation. 🚔
🚀 Arkham launched a $32,000 bounty (50,000 ARKM) for information on the Bybit hacker. Just one hour later, blockchain investigator ZachXBT provided definitive proof that the attack was carried out by Lazarus Group – a notorious North Korean hacking syndicate.
🔍 His findings include:
▪️Test transactions and linked wallets used before the hack.
▪️Forensic graphs & timing analysis.
The report has been shared with Bybit to aid their investigation. 🚔
👍13❤1
🔥 Arthur Hayes and Samson Mow Proposes Ethereum Rollback After Bybit Hack
🗞 Arthur Hayes suggested rolling back Ethereum to the block before the $1.5B Bybit hack, arguing it would help both the exchange and hodlers. 👀
He compares Ethereum to BNB, calling it "DeFi on CZ’s computer."
🥸 Bitcoin maximalist Samson Mow supports the idea, claiming ETH rollback would prevent $1.4B from fueling North Korea’s nuclear program.
🚀 Proposed Plan:
1️⃣ Pause all ETH trading.
2️⃣ Pre-hack chain keeps the ETH ticker.
3️⃣ The hacked chain is renamed ETHNK (North Korean ETH).
4️⃣ ETH, ETHNK, and ETC continue separately.
5️⃣ ETHNK gets delisted from Coinbase immediately.
Will Ethereum devs consider this radical move? 🤔
🗞 Arthur Hayes suggested rolling back Ethereum to the block before the $1.5B Bybit hack, arguing it would help both the exchange and hodlers. 👀
💬 "ETH stopped being money after the 2016 DAO fork. If we already voted no on immutability then, why not do it again?"
He compares Ethereum to BNB, calling it "DeFi on CZ’s computer."
🥸 Bitcoin maximalist Samson Mow supports the idea, claiming ETH rollback would prevent $1.4B from fueling North Korea’s nuclear program.
🚀 Proposed Plan:
1️⃣ Pause all ETH trading.
2️⃣ Pre-hack chain keeps the ETH ticker.
3️⃣ The hacked chain is renamed ETHNK (North Korean ETH).
4️⃣ ETH, ETHNK, and ETC continue separately.
5️⃣ ETHNK gets delisted from Coinbase immediately.
Will Ethereum devs consider this radical move? 🤔
👍15🤔1
Crypto soothsayer
🥷 Bybit Hack Linked to North Korean Lazarus Group! 🚀 Arkham launched a $32,000 bounty (50,000 ARKM) for information on the Bybit hacker. Just one hour later, blockchain investigator ZachXBT provided definitive proof that the attack was carried out by Lazarus…
💰 Kim Jong Un – Now a Top ETH Holder?
🥷 Following the $1.5B Bybit hack, North Korea may have become the 14th largest ETH holder globally – surpassing Vitalik Buterin and even the Ethereum Foundation. 🙀
With Lazarus Group identified as the attackers, the stolen funds could now be under Kim Jong Un’s control. What’s next for these assets? 🤔
🥷 Following the $1.5B Bybit hack, North Korea may have become the 14th largest ETH holder globally – surpassing Vitalik Buterin and even the Ethereum Foundation. 🙀
With Lazarus Group identified as the attackers, the stolen funds could now be under Kim Jong Un’s control. What’s next for these assets? 🤔
👍13🤔4❤2🔥2
💰 Bybit Covers $1.4B Hack Losses
Bybit CEO Ben Zhou announced that the exchange has fully restored its Ethereum reserves after the record-breaking $1.4B hack. A Proof-of-Reserves (PoR) report is coming soon. ⏳
How did they do it? 🤔 According to Lookonchain, Bybit covered the deficit using borrowed funds, whale deposits, and OTC ETH purchases.
Despite losing 400,000+ ETH from a cold wallet on Feb 21, Bybit avoided a liquidity crisis and kept withdrawals running.🔥
Bybit CEO Ben Zhou announced that the exchange has fully restored its Ethereum reserves after the record-breaking $1.4B hack. A Proof-of-Reserves (PoR) report is coming soon. ⏳
How did they do it? 🤔 According to Lookonchain, Bybit covered the deficit using borrowed funds, whale deposits, and OTC ETH purchases.
Despite losing 400,000+ ETH from a cold wallet on Feb 21, Bybit avoided a liquidity crisis and kept withdrawals running.🔥
👍18❤3🔥1👾1
🚨 Infini Crypto Bank Hacked for $50M!
Hackers just drained $50M from Infini, according to SpotOnChain. While it’s nowhere near Bybit’s $1.4B disaster, the trend is getting scary. 😬
Another day, another crypto hack—who’s next? 🔥
Hackers just drained $50M from Infini, according to SpotOnChain. While it’s nowhere near Bybit’s $1.4B disaster, the trend is getting scary. 😬
Another day, another crypto hack—who’s next? 🔥
👍8❤1