Self-custodial wallet Safe Wallet says that a compromised developer’s laptop was at the center of last month’s $1.4 billion hack of the crypto exchange platform Bybit. In a new thread on the social media platform X, the firm says a joint investigation with cybersecurity firm Mandiant revealed that the hacker used a multi-pronged process to […]
The post Compromised Developer’s Laptop at the Center of $1,400,000,000 Bybit Heist, Says Safe Wallet appeared first on The Daily Hodl.
The CEO of the recently hacked crypto exchange Bybit says that North Korean hackers have converted 417,348 stolen Ethereum (ETH) into Bitcoin (BTC). According to Bybit CEO Ben Zhou, North Korean state-sponsored hackers stole approximately $1.4 billion in ETH from Bybit, bridging a significant portion of the assets to Bitcoin. Says Zhou, “Total hacked funds […]
The post North Korean Hackers Convert 417,348 Ethereum Worth $1,000,000,000 Into Bitcoin Mostly via THORChain: Bybit CEO appeared first on The Daily Hodl.
The Bybit CEO is launching a new initiative that calls on the crypto community to help retrieve digital assets stolen by a notorious group of North Korean hackers. Ben Zhou, Bybit’s co-founder and CEO, says on the social media platform X that they have launched a bounty program website to target the Lazarus Group after […]
The post Bybit Launches Community Effort To Fight North Korean Hackers Lazarus Group After $1,400,000,000 Heist appeared first on The Daily Hodl.
The chief investment officer of crypto asset management firm Bitwise says the industry needs a new selling point now that memecoins are losing mindshare. In a new interview with crypto influencer Scott Melker, Bitwise CIO Matt Hougan says that North korean hacking group Lazarus attempting to launder funds from the Bybit hack through memecoin platform […]
The post Bitwise CIO Matt Hougan Says Crypto Needs ‘Another Story’ As Memecoin Narrative Fizzles Out appeared first on The Daily Hodl.
An investigation into the recent Bybit hack has determined that the attackers most likely took advantage of a vulnerability in Safe, the crypto wallet that Bybit was using. Late last week, hackers linked to North Korea’s Lazarus Group pulled off what is believed to be the biggest heist in history, stealing $1.48 billion from Bybit’s […]
The post Bybit Forensic Investigation Determines $1,480,000,000 Hack Stemmed From Vulnerability in Safe Wallet appeared first on The Daily Hodl.
Bybit’s chief executive says the firm has now fully closed the Ethereum gap after hackers stole nearly $1.5 billion worth of ETH and Lido Staked Ether (stETH) from the crypto exchange last week. Bybit CEO Ben Zhou says the exchange has restored a 1:1 backing on all client assets after the record-setting hack. Zhou’s claims […]
The post Crypto Exchange Bybit Fully Closes Ethereum Gap, According to Updated Proof of Reserves Report appeared first on The Daily Hodl.
The Singapore-based crypto exchange Bybit is offering a large bounty for information that could lead to the recovery of the funds that were stolen in a major hack. Last week, hackers manipulated a transfer executed by one of Bybit’s Ethereum (ETH) cold wallets. The exchange says the perpetrators used a sophisticated attack to gain control […]
The post Bybit Promises up to $140,000,000 Bounty To Hunt Down Perpetrators of ‘Largest Heist’ in Crypto History appeared first on The Daily Hodl.
Market intelligence platform CryptoQuant says that the Ethereum (ETH) reserves of Bybit are recuperating after the crypto exchange was hacked to the tune of $1.4 billion. In a new thread on the social media platform X, Julio Moreno – CryptoQuant’s head of research – says that Bybit is seeing inflows worth over $390 million in […]
The post Bybit Ethereum (ETH) Reserves Steadily Recovering Following Massive Hack, According to CryptoQuant appeared first on The Daily Hodl.
The chief executive of the crypto exchange Bybit is assuring customers that the firm can meet all withdrawal requests following a massive cybersecurity incident. On Friday, Bybit witnessed a major security breach that allowed thieves to siphon $1.4 billion worth of Ethereum (ETH) and stETH from the exchange’s cold wallet. Coinbase executive Conor Grogan calls […]
The post Bybit CEO Says Crypto Exchange Is Solvent, All User Assets Backed 1:1 Following ‘Largest Heist of All Time’ appeared first on The Daily Hodl.
Bitcoin advocate Samson Mow says Ethereum should undergo a hard fork after North Korean hackers stole a staggering $1.4 billion in ETH and stETH by exploiting crypto exchange Bybit. In a new thread on the social media platform X, Bitcoin (BTC) maximalist Samson Mow says the leading smart contract platform by volume should roll back […]
The post Crypto Veteran Samson Mow Slams Ethereum, Calls for Chain Rollback After Hackers Loot $1,400,000,000 From Bybit appeared first on The Daily Hodl.
