π₯· Bybit Hack Linked to North Korean Lazarus Group!
π 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 β a notorious North Korean hacking syndicate.
π His findings include:
βͺοΈTest transactions and linked wallets used before the hack.
βͺοΈForensic graphs & timing analysis.
The report has been shared with Bybit to aid their investigation. π
π 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 β a notorious North Korean hacking syndicate.
π His findings include:
βͺοΈTest transactions and linked wallets used before the hack.
βͺοΈForensic graphs & timing analysis.
The report has been shared with Bybit to aid their investigation. π
π13β€1
π₯ Arthur Hayes and Samson Mow Proposes Ethereum Rollback After Bybit Hack
π Arthur Hayes suggested rolling back Ethereum to the block before the $1.5B Bybit hack, arguing it would help both the exchange and hodlers. π
He compares Ethereum to BNB, calling it "DeFi on CZβs computer."
π₯Έ Bitcoin maximalist Samson Mow supports the idea, claiming ETH rollback would prevent $1.4B from fueling North Koreaβs nuclear program.
π Proposed Plan:
1οΈβ£ Pause all ETH trading.
2οΈβ£ Pre-hack chain keeps the ETH ticker.
3οΈβ£ The hacked chain is renamed ETHNK (North Korean ETH).
4οΈβ£ ETH, ETHNK, and ETC continue separately.
5οΈβ£ ETHNK gets delisted from Coinbase immediately.
Will Ethereum devs consider this radical move? π€
π Arthur Hayes suggested rolling back Ethereum to the block before the $1.5B Bybit hack, arguing it would help both the exchange and hodlers. π
π¬ "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 CZβs computer."
π₯Έ Bitcoin maximalist Samson Mow supports the idea, claiming ETH rollback would prevent $1.4B from fueling North Koreaβs nuclear program.
π Proposed Plan:
1οΈβ£ Pause all ETH trading.
2οΈβ£ Pre-hack chain keeps the ETH ticker.
3οΈβ£ The hacked chain is renamed ETHNK (North Korean ETH).
4οΈβ£ ETH, ETHNK, and ETC continue separately.
5οΈβ£ ETHNK gets delisted from Coinbase immediately.
Will Ethereum devs consider this radical move? π€
π15π€1
Crypto soothsayer
π₯· Bybit Hack Linked to North Korean Lazarus Group! π 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 Lazarusβ¦
π° Kim Jong Un β Now a Top ETH Holder?
π₯· Following the $1.5B Bybit hack, North Korea may have become the 14th largest ETH holder globally β surpassing Vitalik Buterin and even the Ethereum Foundation. π
With Lazarus Group identified as the attackers, the stolen funds could now be under Kim Jong Unβs control. Whatβs next for these assets? π€
π₯· Following the $1.5B Bybit hack, North Korea may have become the 14th largest ETH holder globally β surpassing Vitalik Buterin and even the Ethereum Foundation. π
With Lazarus Group identified as the attackers, the stolen funds could now be under Kim Jong Unβs control. Whatβs next for these assets? π€
π13π€4β€2π₯2
π° 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. β³
How did they do it? π€ 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.π₯
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. β³
How did they do it? π€ 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.π₯
π18β€3π₯1πΎ1
π¨ Infini Crypto Bank Hacked for $50M!
Hackers just drained $50M from Infini, according to SpotOnChain. While itβs nowhere near Bybitβs $1.4B disaster, the trend is getting scary. π¬
Another day, another crypto hackβwhoβs next? π₯
Hackers just drained $50M from Infini, according to SpotOnChain. While itβs nowhere near Bybitβs $1.4B disaster, the trend is getting scary. π¬
Another day, another crypto hackβwhoβs next? π₯
π8β€1
π₯· Meet the Leader of Lazarus Hackers!
His name is Pak Inβa North Korean hacker wanted by the FBI. π΅οΈββοΈ
π Studied at Kim Chaek University of Technology (Pyongyang)
πΌ Worked at Chosun Expo, a Lazarus Group front company
π» Accused of launching WannaCry, the ransomware that hit 150+ countries
π° Lazarusβ Biggest Heists:
π Bangladesh Central Bank β $81M
π Axie Infinity (Ronin Bridge) β $625M
π Harmony Bridge β $100M
π Stake.com β $41M
π Atomic Wallet β $100M
π WazirX β $230M
π Bybit β $1.4B (Record-breaking!)
His name is Pak Inβa North Korean hacker wanted by the FBI. π΅οΈββοΈ
π Studied at Kim Chaek University of Technology (Pyongyang)
πΌ Worked at Chosun Expo, a Lazarus Group front company
π» Accused of launching WannaCry, the ransomware that hit 150+ countries
π° Lazarusβ Biggest Heists:
π Bangladesh Central Bank β $81M
π Axie Infinity (Ronin Bridge) β $625M
π Harmony Bridge β $100M
π Stake.com β $41M
π Atomic Wallet β $100M
π WazirX β $230M
π Bybit β $1.4B (Record-breaking!)
π₯18π7β€3
π Strategy Buys Another 20,356 BTC for $1.99B
Michael Saylorβs Strategy just grabbed 20,356 BTC at $97,514 per coin, bringing their total holdings to 499,096 BTC ($33.1B spent).
π Average buy price: $66,357
π° Unrealized profit: $14.8B+
Saylor keeps stackingβis there ever a top? π€―π₯
Michael Saylorβs Strategy just grabbed 20,356 BTC at $97,514 per coin, bringing their total holdings to 499,096 BTC ($33.1B spent).
π Average buy price: $66,357
π° Unrealized profit: $14.8B+
Saylor keeps stackingβis there ever a top? π€―π₯
π10π₯1
Crypto soothsayer
π¨ 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. π‘ Key Updates: πΉ Users can now withdraw funds withoutβ¦
The Bybit exploiter is actively moving stolen funds through multiple DEXs, including OKX DEX! π΅
π Recently swapped $3.64M in ETH for DAI
π Recently swapped $3.64M in ETH for DAI
π9πΎ3
π₯ Crypto Traders Lose $1.25B in 24H!
Bitcoin dipped below $89K for the first time since Nov 2024, dragging most top-100 alts down 15%+ in a day.
π Liquidations hit $1.25B as long traders got wiped out across major exchanges, according to Coinglass.
How low can we go? ππ₯
Bitcoin dipped below $89K for the first time since Nov 2024, dragging most top-100 alts down 15%+ in a day.
π Liquidations hit $1.25B as long traders got wiped out across major exchanges, according to Coinglass.
How low can we go? ππ₯
π₯5π3
Crypto soothsayer
π₯ Crypto Traders Lose $1.25B in 24H! Bitcoin dipped below $89K for the first time since Nov 2024, dragging most top-100 alts down 15%+ in a day. π Liquidations hit $1.25B as long traders got wiped out across major exchanges, according to Coinglass. Howβ¦
π¨ Crypto Market Loses $175B β Fear at 6-Month Low!
In the past 24 hours, the crypto market shed $175B in capitalization.
π Fear & Greed Index: 25 (Extreme Fear) β the lowest since Sept 2024.
Panic or opportunity? π€π₯
In the past 24 hours, the crypto market shed $175B in capitalization.
π Fear & Greed Index: 25 (Extreme Fear) β the lowest since Sept 2024.
Panic or opportunity? π€π₯
π8π3
π¨ OKX Pays $84M Fine, Forfeits $421M in U.S. Settlement
OKX has admitted to operating in the U.S. without a money transmitter license. Its subsidiary, Aux Cayes FinTech, settled with the DOJ, agreeing to:
π° Pay an $84M fine
πΈ Forfeit $421M in fees from U.S. clients
Regulatory pressure on crypto keeps risingβwhoβs next? π
OKX has admitted to operating in the U.S. without a money transmitter license. Its subsidiary, Aux Cayes FinTech, settled with the DOJ, agreeing to:
π° Pay an $84M fine
πΈ Forfeit $421M in fees from U.S. clients
Regulatory pressure on crypto keeps risingβwhoβs next? π
π5
π° Bybit Repays 40,000 ETH Loan After $1.4B Hack
Bybit has repaid a 40,000 ETH ($104M) loan from Bitget just days after suffering a $1.4B hackβone of the largest in crypto history, allegedly linked to Lazarus Group.
πΉ Despite the attack, Bybit maintained operations and replenished reserves.
πΉ Investors withdrew $5B amid uncertainty.
πΉ Bybit recovered 88% of stolen funds through loans, deposits & asset purchases.
πΉ Proof-of-reserve audit confirms user funds remain fully backed.
Bybit has repaid a 40,000 ETH ($104M) loan from Bitget just days after suffering a $1.4B hackβone of the largest in crypto history, allegedly linked to Lazarus Group.
πΉ Despite the attack, Bybit maintained operations and replenished reserves.
πΉ Investors withdrew $5B amid uncertainty.
πΉ Bybit recovered 88% of stolen funds through loans, deposits & asset purchases.
πΉ Proof-of-reserve audit confirms user funds remain fully backed.
π14β€5
π₯· Bybit Hacker Launders 100,000 ETH ($250M) in Under 4 Days!
That's 20% of the stolen 499,000 ETH! The exploiter is actively splitting funds across multiple wallets, using THORChain for cross-chain swaps into BTC, DAI, and other assets. π
While with 399,000 ETH still in their balance, the hacker holds more ETH than Vitalik Buterin and the Ethereum Foundation! π
That's 20% of the stolen 499,000 ETH! The exploiter is actively splitting funds across multiple wallets, using THORChain for cross-chain swaps into BTC, DAI, and other assets. π
While with 399,000 ETH still in their balance, the hacker holds more ETH than Vitalik Buterin and the Ethereum Foundation! π
π12β€2
π Bitcoin Drops to $87K Amid Investor Uncertainty
Bitcoin has fallen below $87,000 at one point, with Bloomberg attributing the drop to growing investor distrust in Donald Trumpβs trade policies and fears of renewed inflation. π
πΊπΈ The U.S. President announced 25% tariffs on imports from Mexico & Canada, including 10% on Canadian energy resources, starting March 4 (Reuters).
Market volatility is heating up! π₯
Bitcoin has fallen below $87,000 at one point, with Bloomberg attributing the drop to growing investor distrust in Donald Trumpβs trade policies and fears of renewed inflation. π
πΊπΈ The U.S. President announced 25% tariffs on imports from Mexico & Canada, including 10% on Canadian energy resources, starting March 4 (Reuters).
Market volatility is heating up! π₯
π8β€1
π BTC Dominance Hits 4-Year High at 58%
Bitcoin's market dominance has reached 58%, the highest level in four years! If the BTC cycle remains intact, this suggests we haven't yet seen a proper altcoin season, where alts take the lead. This could also mean the bear market is still far off. π§
According to CryptoQuant's CEO, this altseason might not follow the usual pattern. Instead, tokens linked to ETF filings or strong tech fundamentals could outperform, while others may not survive long enough. π€·
A weak hope, but still a chance for a positive outcome! π€
Bitcoin's market dominance has reached 58%, the highest level in four years! If the BTC cycle remains intact, this suggests we haven't yet seen a proper altcoin season, where alts take the lead. This could also mean the bear market is still far off. π§
According to CryptoQuant's CEO, this altseason might not follow the usual pattern. Instead, tokens linked to ETF filings or strong tech fundamentals could outperform, while others may not survive long enough. π€·
A weak hope, but still a chance for a positive outcome! π€
π17β€3π€1
β‘οΈ BTC Faces Key Level at $72,000 After Losing $92,800 Support
According to trader Ali Martinez, Bitcoin failed to hold $92,800, making $72,000 the next strong support level. πΌ
The next three days will be crucial, as positive economic data could push BTC back above $92K and squeeze the bears. So far, BTC has recovered from $86K to $89K, but hasnβt gained further momentum. π
Meanwhile, Bitcoin ETFs saw a record $1.01B outflow yesterday β a worrying sign amid continuous withdrawals in recent weeks. π€
According to trader Ali Martinez, Bitcoin failed to hold $92,800, making $72,000 the next strong support level. πΌ
The next three days will be crucial, as positive economic data could push BTC back above $92K and squeeze the bears. So far, BTC has recovered from $86K to $89K, but hasnβt gained further momentum. π
Meanwhile, Bitcoin ETFs saw a record $1.01B outflow yesterday β a worrying sign amid continuous withdrawals in recent weeks. π€
π9π’2π1
π Tron Removes Fees for USDT Transfers
Justin Sun has announced the launch of Gas Free, making USDT transfers on Tron completely free! π₯
With this feature, users wonβt need TRX to cover gas fees for USDT transactions. πΈ The rollout is expected within a week.
Justin Sun has announced the launch of Gas Free, making USDT transfers on Tron completely free! π₯
With this feature, users wonβt need TRX to cover gas fees for USDT transactions. πΈ The rollout is expected within a week.
π15β€8
π½ $1.7B in Losses for BTC Holders
Bitcoin investors realized $1.7 billion in losses as BTC tumbled, marking the biggest sell-off of 2025 π¬.
π€― A total of 79.3K BTC was sold at a lossβthe largest single-day realized loss since August 2024.
Are we in for more pain, or is this the last shakeout before a rebound? π€
Bitcoin investors realized $1.7 billion in losses as BTC tumbled, marking the biggest sell-off of 2025 π¬.
π€― A total of 79.3K BTC was sold at a lossβthe largest single-day realized loss since August 2024.
Are we in for more pain, or is this the last shakeout before a rebound? π€
π12β€3π±2π1