💰 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.🔥
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🚨 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? 🔥
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🥷 Meet the Leader of Lazarus Hackers!
His name is Pak In—a North Korean hacker wanted by the FBI. 🕵️♂️
📚 Studied at Kim Chaek University of Technology (Pyongyang)
💼 Worked at Chosun Expo, a Lazarus Group front company
💻 Accused of launching WannaCry, the ransomware that hit 150+ countries
💰 Lazarus’ Biggest Heists:
💀 Bangladesh Central Bank – $81M
💀 Axie Infinity (Ronin Bridge) – $625M
💀 Harmony Bridge – $100M
💀 Stake.com – $41M
💀 Atomic Wallet – $100M
💀 WazirX – $230M
💀 Bybit – $1.4B (Record-breaking!)
His name is Pak In—a North Korean hacker wanted by the FBI. 🕵️♂️
📚 Studied at Kim Chaek University of Technology (Pyongyang)
💼 Worked at Chosun Expo, a Lazarus Group front company
💻 Accused of launching WannaCry, the ransomware that hit 150+ countries
💰 Lazarus’ Biggest Heists:
💀 Bangladesh Central Bank – $81M
💀 Axie Infinity (Ronin Bridge) – $625M
💀 Harmony Bridge – $100M
💀 Stake.com – $41M
💀 Atomic Wallet – $100M
💀 WazirX – $230M
💀 Bybit – $1.4B (Record-breaking!)
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🚀 Strategy Buys Another 20,356 BTC for $1.99B
Michael Saylor’s Strategy just grabbed 20,356 BTC at $97,514 per coin, bringing their total holdings to 499,096 BTC ($33.1B spent).
📈 Average buy price: $66,357
💰 Unrealized profit: $14.8B+
Saylor keeps stacking—is there ever a top? 🤯🔥
Michael Saylor’s Strategy just grabbed 20,356 BTC at $97,514 per coin, bringing their total holdings to 499,096 BTC ($33.1B spent).
📈 Average buy price: $66,357
💰 Unrealized profit: $14.8B+
Saylor keeps stacking—is there ever a top? 🤯🔥
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Crypto soothsayer
🚨 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…
The Bybit exploiter is actively moving stolen funds through multiple DEXs, including OKX DEX! 💵
🔄 Recently swapped $3.64M in ETH for DAI
🔄 Recently swapped $3.64M in ETH for DAI
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💥 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.
📉 Liquidations hit $1.25B as long traders got wiped out across major exchanges, according to Coinglass.
How low can we go? 👀🔥
Bitcoin dipped below $89K for the first time since Nov 2024, dragging most top-100 alts down 15%+ in a day.
📉 Liquidations hit $1.25B as long traders got wiped out across major exchanges, according to Coinglass.
How low can we go? 👀🔥
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Crypto soothsayer
💥 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. 📉 Liquidations hit $1.25B as long traders got wiped out across major exchanges, according to Coinglass. How…
😨 Crypto Market Loses $175B – Fear at 6-Month Low!
In the past 24 hours, the crypto market shed $175B in capitalization.
📉 Fear & Greed Index: 25 (Extreme Fear) – the lowest since Sept 2024.
Panic or opportunity? 🤔🔥
In the past 24 hours, the crypto market shed $175B in capitalization.
📉 Fear & Greed Index: 25 (Extreme Fear) – the lowest since Sept 2024.
Panic or opportunity? 🤔🔥
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🚨 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:
💰 Pay an $84M fine
💸 Forfeit $421M in fees from U.S. clients
Regulatory pressure on crypto keeps rising—who’s next? 👀
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:
💰 Pay an $84M fine
💸 Forfeit $421M in fees from U.S. clients
Regulatory pressure on crypto keeps rising—who’s next? 👀
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💰 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 hack—one of the largest in crypto history, allegedly linked to Lazarus Group.
🔹 Despite the attack, Bybit maintained operations and replenished reserves.
🔹 Investors withdrew $5B amid uncertainty.
🔹 Bybit recovered 88% of stolen funds through loans, deposits & asset purchases.
🔹 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 hack—one of the largest in crypto history, allegedly linked to Lazarus Group.
🔹 Despite the attack, Bybit maintained operations and replenished reserves.
🔹 Investors withdrew $5B amid uncertainty.
🔹 Bybit recovered 88% of stolen funds through loans, deposits & asset purchases.
🔹 Proof-of-reserve audit confirms user funds remain fully backed.
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🥷 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. 👀
While with 399,000 ETH still in their balance, the hacker holds more ETH than Vitalik Buterin and the Ethereum Foundation! 🙀
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. 👀
While with 399,000 ETH still in their balance, the hacker holds more ETH than Vitalik Buterin and the Ethereum Foundation! 🙀
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📉 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 Trump’s trade policies and fears of renewed inflation. 👀
🇺🇸 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! 🔥
Bitcoin has fallen below $87,000 at one point, with Bloomberg attributing the drop to growing investor distrust in Donald Trump’s trade policies and fears of renewed inflation. 👀
🇺🇸 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! 🔥
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🚀 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. 🧐
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. 🤷
A weak hope, but still a chance for a positive outcome! 🤔
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. 🧐
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. 🤷
A weak hope, but still a chance for a positive outcome! 🤔
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⚡️ 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. 🐼
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 hasn’t gained further momentum. 👀
Meanwhile, Bitcoin ETFs saw a record $1.01B outflow yesterday – a worrying sign amid continuous withdrawals in recent weeks. 🤔
According to trader Ali Martinez, Bitcoin failed to hold $92,800, making $72,000 the next strong support level. 🐼
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 hasn’t gained further momentum. 👀
Meanwhile, Bitcoin ETFs saw a record $1.01B outflow yesterday – a worrying sign amid continuous withdrawals in recent weeks. 🤔
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🚀 Tron Removes Fees for USDT Transfers
Justin Sun has announced the launch of Gas Free, making USDT transfers on Tron completely free! 🔥
With this feature, users won’t need TRX to cover gas fees for USDT transactions. 💸 The rollout is expected within a week.
Justin Sun has announced the launch of Gas Free, making USDT transfers on Tron completely free! 🔥
With this feature, users won’t need TRX to cover gas fees for USDT transactions. 💸 The rollout is expected within a week.
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🔽 $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 😬.
🤯 A total of 79.3K BTC was sold at a loss—the largest single-day realized loss since August 2024.
Are we in for more pain, or is this the last shakeout before a rebound? 🤔
Bitcoin investors realized $1.7 billion in losses as BTC tumbled, marking the biggest sell-off of 2025 😬.
🤯 A total of 79.3K BTC was sold at a loss—the largest single-day realized loss since August 2024.
Are we in for more pain, or is this the last shakeout before a rebound? 🤔
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Bybit Launches Lazarus Hunt Season! 🕵️♂️
🚀 Bybit has launched a new bounty aggregator targeting the North Korean Lazarus group involved in money laundering activities. Bounty hunters can connect their wallets and earn a 5% reward for freezing funds tied to Lazarus hackers. 🥷
This initiative is open to everyone, including exchanges and mixers. Anyone aiding Lazarus in money laundering will be added to the “Bad Guys” list.
Bybit's CEO, Ben Zhou, stated:
🔗 Read more
🚀 Bybit has launched a new bounty aggregator targeting the North Korean Lazarus group involved in money laundering activities. Bounty hunters can connect their wallets and earn a 5% reward for freezing funds tied to Lazarus hackers. 🥷
This initiative is open to everyone, including exchanges and mixers. Anyone aiding Lazarus in money laundering will be added to the “Bad Guys” list.
Bybit's CEO, Ben Zhou, stated:
"We have assembled a team to monitor and update this site, and we won’t stop until Lazarus and all the bad actors in this industry are eliminated."
🔗 Read more
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Could Strategy (MSTR) Go Bankrupt? 👀
Unlikely.
MSTR's debt stands at $8.2 billion, while its BTC holdings total $43.4 billion. This gives them a leverage ratio of 19%. 💵
With only $5 billion of BTC below the conversion price, the effective leverage ratio is even lower, around 11.5%.
For MSTR to become insolvent, BTC would need to drop 80-90% from its current price—an unlikely scenario. 📉
Additionally, none of MSTR's debt is due until 2028, so the company's financial position remains stable. ✔️
In short, bankruptcy is not a concern for now.
Unlikely.
MSTR's debt stands at $8.2 billion, while its BTC holdings total $43.4 billion. This gives them a leverage ratio of 19%. 💵
With only $5 billion of BTC below the conversion price, the effective leverage ratio is even lower, around 11.5%.
For MSTR to become insolvent, BTC would need to drop 80-90% from its current price—an unlikely scenario. 📉
Additionally, none of MSTR's debt is due until 2028, so the company's financial position remains stable. ✔️
In short, bankruptcy is not a concern for now.
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📊 How USD, Gold, and BTC Supply Changed Since 2020
💸 The US dollar supply grew by 3.7% in 2024, increasing at an average rate of 6.8% annually since 2015.
🥇 Gold supply rose by 1.95% in 2024, with an annual increase of 2-3% since 1800.
📱 Bitcoin's supply grew by 0.85% in 2024. Its issuance halves every 4 years, continuing until 2140.
💸 The US dollar supply grew by 3.7% in 2024, increasing at an average rate of 6.8% annually since 2015.
🥇 Gold supply rose by 1.95% in 2024, with an annual increase of 2-3% since 1800.
📱 Bitcoin's supply grew by 0.85% in 2024. Its issuance halves every 4 years, continuing until 2140.
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