🚀 Cryptocurrency Thefts Surge in February 2025
#Cryptocurrency #Thefts #Hacking #Bybit #Immunefi #Security #Losses #February2025 #Blockchain
According to PANews, a recent report by security service platform Immunefi reveals a significant increase in cryptocurrency thefts in February 2025, largely due to a record-breaking hack on Bybit. The month witnessed nine hacking incidents resulting in a total loss of $1.53 billion, marking a 20-fold increase compared to the previous month. This figure is 18 times higher than the $81.6 million recorded in February 2024. So far this year, losses have reached $1.6 billion, an eightfold rise from the same period last year.#Cryptocurrency #Thefts #Hacking #Bybit #Immunefi #Security #Losses #February2025 #Blockchain
🚀 Significant Solana Transfer From Bybit To Unknown Wallet
#Solana #Bybit #WhaleAlert #cryptocurrency #blockchain #crypto #SOL
According to PANews, Whale Alert has reported a substantial transfer of approximately 500,000 Solana (SOL), valued at around $64.43 million, from the Bybit exchange to an unknown wallet. The transaction occurred at 15:09 UTC+8.#Solana #Bybit #WhaleAlert #cryptocurrency #blockchain #crypto #SOL
🚀 Mirana Ventures Transfers Significant Funds to Bybit Exchange
#MiranaVentures #Bybit #FalconX #cryptocurrency #ETH #USDT #financialtransactions
According to PANews, Mirana Ventures recently conducted substantial financial transactions involving cryptocurrency. Six hours ago, the firm deposited $50 million USDT into FalconX. Following this, four hours ago, they withdrew 21,667 ETH, valued at approximately $46.25 million, with an acquisition price of around $2,134 per ETH. These funds have now been entirely transferred to the Bybit exchange.#MiranaVentures #Bybit #FalconX #cryptocurrency #ETH #USDT #financialtransactions
🚀 Bybit Hacker Resumes Asset Laundering After Brief Pause
#Bybit #Hacker #AssetLaundering #Crypto #ETH #Blockchain
According to BlockBeats, on March 1, on-chain data analyst Yu Jin reported that the Bybit hacker has resumed transferring and laundering stolen assets after a one-day pause. As of the hacker's 'rest' period yesterday, their address still contained 218,000 ETH, valued at approximately $486 million.#Bybit #Hacker #AssetLaundering #Crypto #ETH #Blockchain
🚀 Safe Collaborates With Mandiant On Bybit Hack Investigation
#Safe #Mandiant #Bybit #hack #investigation #forensic #security #audit #transparency
According to Foresight News, Safe has announced that its team has been working closely with Mandiant over the past few days to conduct a comprehensive forensic investigation and security audit concerning the Bybit hacking incident. Safe emphasized its commitment to transparency throughout the process. The preliminary findings from Mandiant's report are expected to be released next week.#Safe #Mandiant #Bybit #hack #investigation #forensic #security #audit #transparency
🚀 Digital Asset Investment Products Face Record Outflows
#DigitalAssets #InvestmentProducts #Outflows #Bitcoin #Ethereum #CryptoMarket #Blockchain #Bybit #MarketSentiment #BTC #ETH #SOL
According to PANews, a recent CoinShares report reveals that digital asset investment products have experienced a third consecutive week of outflows, reaching a record high of $2.9 billion last week. Over the past three weeks, the total outflows have amounted to $3.8 billion. Bitcoin was the most affected, with $2.59 billion withdrawn last week, while short Bitcoin products saw a modest inflow of $23 million.
The majority of the outflows originated from the United States ($2.87 billion), Switzerland ($73 million), and Canada ($16.9 million). However, German investors took advantage of the situation, contributing $55.3 million in inflows. Ethereum recorded its largest single-week outflow of $300 million, with Solana and Ton experiencing outflows of $7.4 million and $22.6 million, respectively.
Sui emerged as the best performer, attracting $15.5 million in inflows, while XRP saw $5 million in inflows. Blockchain equities were not spared, with outflows totaling $25.3 million. CoinShares analysts attribute the weakened market sentiment to the Bybit hacking incident, the Federal Reserve's hawkish stance, and profit-taking following a cumulative inflow of $29 billion over the previous 19 weeks.#DigitalAssets #InvestmentProducts #Outflows #Bitcoin #Ethereum #CryptoMarket #Blockchain #Bybit #MarketSentiment #BTC #ETH #SOL
🚀 Hackers Launder Stolen ETH From Bybit Within 10 Days
#hackers #launder #stolenETH #Bybit #THORChain #ETH #cryptocurrency #blockchain #security #RUNE
According to Odaily, hackers have successfully laundered 499,000 ETH, valued at approximately $1.39 billion, stolen from Bybit within a span of 10 days. During this period, the price of ETH dropped from $2,780 to $2,130, marking a 23% decline. The hackers primarily used THORChain for laundering the funds, resulting in a transaction volume of $5.9 billion on the platform and generating around $5.5 million in fee revenue.#hackers #launder #stolenETH #Bybit #THORChain #ETH #cryptocurrency #blockchain #security #RUNE
🚀 Hackers Launder Stolen ETH From Bybit Within 10 Days
#hackers #launder #stolenETH #Bybit #THORChain #ETH #cryptocurrency #blockchain #security #RUNE
According to Odaily, hackers have successfully laundered 499,000 ETH, valued at approximately $1.39 billion, stolen from Bybit within a span of 10 days. During this period, the price of ETH dropped from $2,780 to $2,130, marking a 23% decline. The hackers primarily used THORChain for laundering the funds, resulting in a transaction volume of $5.9 billion on the platform and generating around $5.5 million in fee revenue.#hackers #launder #stolenETH #Bybit #THORChain #ETH #cryptocurrency #blockchain #security #RUNE
🚀 Majority Of Stolen Funds In Bybit Hack Remain Traceable
#Bybit #hack #crypto #cryptocurrency #Ethereum #ETH #Bitcoin #BTC #lazarus #funds #blockchain #OTC #P2P #THORChain #maliciouscode #cybersecurity #defi #exchanges #hacking #RUNE
According to CoinDesk, over 77% of the funds stolen in a significant hack on the crypto exchange Bybit remain traceable, while 20% have become untraceable, as reported by CEO Ben Zhou. In an update shared on X early Tuesday, Zhou emphasized the importance of the current and upcoming week for freezing these funds as they begin to clear through exchanges, over-the-counter (OTC) platforms, and peer-to-peer (P2P) networks. The hackers are reportedly attempting to launder the stolen money and convert it into cash.
Approximately 417,348 ether (ETH), valued at around $1 billion, remain traceable on the blockchain after being moved using the privacy-focused THORChain. However, about 20% of the funds, equivalent to roughly 79,655 ETH or $200 million, have "gone dark" through ExCH. A smaller portion, 40,233 ETH or $100 million, passed through OKX’s web3 proxy, but 23,553 ETH, worth $65 million, remain untraceable.
Zhou revealed that the hackers converted 83% of the stolen ETH — 361,255 ETH, or $900 million — into Bitcoin (BTC), distributing it across 6,954 wallets, with an average of 1.71 BTC per wallet using THORChain. THORChain has processed $4.66 billion in swaps in the week ending March 2, marking the highest tally on record, according to data from DefiLlama, generating over $5.5 million in fees from these illicit flows.
The North Korean hacking group Lazarus targeted Bybit in late February by injecting malicious code into SafeWallet, a third-party wallet platform used by the exchange, to steal billions in customer assets. The attackers compromised a developer’s device, allowing them to manipulate a routine wallet transfer and siphon off nearly $1.5 billion in ETH.
Bybit managed to fully restore a 1:1 backing of client assets days after the attack, as previously reported by CoinDesk. Address activity indicates that more than $400 million were purchased through over-the-counter trading, with an additional $300 million acquired directly from exchanges.#Bybit #hack #crypto #cryptocurrency #Ethereum #ETH #Bitcoin #BTC #lazarus #funds #blockchain #OTC #P2P #THORChain #maliciouscode #cybersecurity #defi #exchanges #hacking #RUNE
🚀 Thorchain Contributors Criticized For Withholding Fees From Bybit Hack
#Thorchain #Bybit #hacking #decentralizedexchange #ZachXBT #cryptocurrency #ASGARDEX #blockchain #fees #decentralization
According to Foresight News, blockchain investigator ZachXBT has criticized contributors to the decentralized exchange ASGARDEX on THORChain for their stance on being 'merely open-source tools, not direct beneficiaries.' Several contributors have refused to return approximately $900,000 in fees obtained from the Bybit hacking incident, despite other teams opting to return their fees. ZachXBT stated, 'Choosing to maintain THORChain's decentralization is one thing, but not scrutinizing protocol-level activities is another. Profiting from a hack and then refusing to return these fees is a criminal act.'#Thorchain #Bybit #hacking #decentralizedexchange #ZachXBT #cryptocurrency #ASGARDEX #blockchain #fees #decentralization
🚀 Cryptocurrency Industry Faces Record Losses in February 2025
#Cryptocurrency #Losses #Bybit #LazarusGroup #Hacking #Web3 #Security #CryptocurrencyAttack #Stablecoin #Phishing #WalletLeaks #CodeVulnerabilities
According to Odaily, data from Web3.0 security firm CertiK reveals that the cryptocurrency industry suffered losses amounting to $1.53 billion in February 2025. The most significant incident was a $1.4 billion attack on Bybit by North Korea's Lazarus Group, marking the largest crypto hacking event in history and accounting for 91% of the month's total losses. Excluding the Bybit incident, February's losses still reached $126 million, representing a 28.5% increase from January. Other notable incidents included a $49 million loss by stablecoin payment company Infini due to a suspected administrator privilege vulnerability, and a $10 million theft from the ZkLend protocol. CertiK identified the primary causes of losses this month as wallet leaks, code vulnerabilities ($20 million), and phishing attacks ($1.8 million).#Cryptocurrency #Losses #Bybit #LazarusGroup #Hacking #Web3 #Security #CryptocurrencyAttack #Stablecoin #Phishing #WalletLeaks #CodeVulnerabilities
🚀 Bybit Proposes Fee Refund From ParaSwap DAO
#Bybit #ParaSwap #DAO #feeRefund #transactionFees #LazarusGroup #cryptoSecurity
According to Foresight News, Bybit has confirmed on the X platform that it has submitted a proposal to the ParaSwap DAO. The proposal requests the return of transaction fees amounting to approximately 44.67 wETH (around $99,000) that were generated when the Lazarus hacking group used stolen digital assets from the exchange.#Bybit #ParaSwap #DAO #feeRefund #transactionFees #LazarusGroup #cryptoSecurity
🚀 Mirana Ventures Transfers 649 BTC to Bybit
#MiranaVentures #BTC #Bybit #WhaleAlert #cryptocurrency #blockchain #transaction
According to Odaily, Whale Alert has detected a recent transaction involving Mirana Ventures. Approximately two minutes ago, a marked address associated with Mirana Ventures transferred around 649 BTC to the cryptocurrency exchange Bybit. The value of this transaction is estimated to be $57,251,799.#MiranaVentures #BTC #Bybit #WhaleAlert #cryptocurrency #blockchain #transaction
🚀 Safe Wallet Services Fully Restored After Security Incident
#SafeWallet #SecurityIncident #ByBit #MultiSignatureWallet #SafeAPI #Blockchain #CryptoNews
According to BlockBeats, Safe has announced that its Safe{Wallet} services have resumed normal operations as of March 7. All networks and Safe API are now fully repaired and available for use. Previously, Safe had temporarily suspended some functions and conducted a comprehensive security review following a hacking incident involving ByBit, where Safe serves as a multi-signature wallet service provider.#SafeWallet #SecurityIncident #ByBit #MultiSignatureWallet #SafeAPI #Blockchain #CryptoNews
🚀 Bitcoin News Today: $4.7B Bitcoin Whale Awakens Again, Moves Final 40K BTC After 14 Years
#Bitcoin #Cryptocurrency #Whale #Satoshi #Blockchain #BTC #GalaxyDigital #Bybit #Binance #MarketTrends #CryptoNews
Key Takeaways:A dormant Satoshi-era whale moved another 40,192 BTC, worth $4.77 billion, to a new wallet.The move follows a similar transfer of 40,009 BTC to Galaxy Digital earlier this week.Blockchain data shows the whale originally received 80K BTC in April–May 2011, when Bitcoin was under $4.The transfers suggest a possible sale, with 6,000 BTC already sent to Binance and Bybit.Whale activity marks one of the largest old-balance awakenings in Bitcoin history.A legendary Bitcoin whale dormant for over 14 years has moved the second half of its 80,000 BTC trove, worth approximately $4.77 billion, to a new wallet — just days after sending billions to Galaxy Digital, sparking speculation of a major liquidation.According to blockchain analytics firm Lookonchain, the whale transferred 40,192 BTC on Thursday, following an earlier 40,009 BTC transfer to Galaxy Digital. Nansen data shows Galaxy later sent 6,000 BTC to Binance and Bybit, possibly to execute sales.Whale Origin: Satoshi-Era RichesThe whale first caught attention on July 4, when it began moving funds for the first time since 2011. The addresses involved had received:20,000 BTC on April 2, 2011, when Bitcoin was worth $0.78.60,009 BTC on May 4, 2011, when BTC traded at $3.37.Combined, the whale’s total 80,000 BTC was originally worth less than $220,000, but now exceeds $9.5 billion.Broader Whale ContextWhile this dormant whale is showing signs of activity, other large holders remain steadfast:Satoshi Nakamoto is believed to hold 1.096 million BTC that have never moved.The Winklevoss twins reportedly own 70,000 BTC.Tim Draper holds around 30,000 BTC.Michael Saylor owns 17,732 BTC personally, aside from his firm’s large holdings.The recent whale awakening comes as Bitcoin trades above $118,000, intensifying market interest in long-term holder behavior and potential selling pressure during new all-time highs.#Bitcoin #Cryptocurrency #Whale #Satoshi #Blockchain #BTC #GalaxyDigital #Bybit #Binance #MarketTrends #CryptoNews
🚀 Blockchain Freeze Mechanisms Analyzed in New Report
#Blockchain #FreezeMechanisms #Bybit #LazarusSecurityLab #FundFreezing #BlockchainSecurity #BNBChain #VeChain #Sui #Aptos #HECO #Decentralization #CryptoSecurity #EmergencyMechanisms #Governance
According to Odaily, Bybit's Lazarus Security Lab has released a report titled "Unveiling Blockchain Freezes: Examining the Impact of Blockchain Fund Freezing Capabilities." The report reveals that out of 166 blockchain networks analyzed, 16 contain code that can directly freeze or restrict user funds, while 19 others could achieve similar functionality with minor protocol adjustments.
The report categorizes fund freezing mechanisms into three types: hard-coded freezes, such as those on BNB Chain and VeChain; configuration-based freezes set by validators or foundations, like on Sui and Aptos; and contract freezes executed by system contracts, as seen on HECO.
Examples cited in the report include Sui freezing $162 million in assets following the Cetus hack, Aptos adding a blacklist feature, BNB Chain using a hard blacklist to prevent the transfer of $570 million in cross-chain vulnerability funds, and VeChain's precedent-setting freeze of $6.6 million in stolen funds in 2019.
David Zong, Bybit's Head of Risk and Security, noted that while blockchain is fundamentally decentralized, many chains are adopting more pragmatic security measures to address potential threats. He emphasized that transparency should be central to governance, urging project teams to proactively disclose related emergency mechanisms.#Blockchain #FreezeMechanisms #Bybit #LazarusSecurityLab #FundFreezing #BlockchainSecurity #BNBChain #VeChain #Sui #Aptos #HECO #Decentralization #CryptoSecurity #EmergencyMechanisms #Governance
🚀 Crypto Market Experiences Significant Liquidations Over 24 Hours
#crypto #liquidations #Bitcoin #Ethereum #Coinglass #ChainCatcher #BTCUSD #Bybit #market #ETH
According to ChainCatcher, Coinglass data reveals that the crypto market saw liquidations totaling $482 million in the past 24 hours. Long positions accounted for $75.8192 million, while short positions reached $406 million. Specifically, Bitcoin long positions were liquidated for $16.636 million, and Bitcoin short positions for $221 million. Ethereum long positions faced liquidations of $14.4346 million, with Ethereum short positions at $83.0568 million.
In the same timeframe, 122,348 individuals globally experienced liquidations. The largest single liquidation occurred on Bybit's BTCUSD, valued at $13 million.#crypto #liquidations #Bitcoin #Ethereum #Coinglass #ChainCatcher #BTCUSD #Bybit #market #ETH
🚀 Bybit's Mantle Vault Achieves Significant Growth in Stablecoin Management
#Bybit #MantleVault #Stablecoin #OnChainAssetManagement #USDT #USDC #HighYield #MarketNeutral #InvestmentProduct #AnnualizedReturns #Crypto #BearMarket #BullMarket
Bybit's Mantle Vault, the first stablecoin on-chain asset management product under Bybit's On-Chain Earn, has seen substantial growth since its launch on December 22. According to PANews, the product has accumulated over 150 million USDT in funds within just over a month. This high-yield stablecoin investment product employs a market-neutral strategy, offering notable appeal amid uncertain market conditions. The target annualized returns for USDT/USDC range from 5% to 10% during bear markets and can reach 10% to 25% in bull markets, with actual returns varying based on market fluctuations.#Bybit #MantleVault #Stablecoin #OnChainAssetManagement #USDT #USDC #HighYield #MarketNeutral #InvestmentProduct #AnnualizedReturns #Crypto #BearMarket #BullMarket
🚀 Global Liquidations Reach $182 Million in 24 Hours
#globalliquidations #cryptomarket #bitcoin #ethereum #liquidations #Bybit #Coinglass #ChainCatcher #BTCUSDT #cryptotrading #cryptocurrency #ETH
In the past 24 hours, global liquidations have totaled $182 million, according to ChainCatcher. Data from Coinglass reveals that long positions accounted for $72.5 million, while short positions amounted to $109 million. Specifically, Bitcoin long positions saw liquidations of $24.5 million, and Bitcoin short positions experienced $45.3 million in liquidations. Ethereum long positions faced $17.5 million in liquidations, with Ethereum short positions reaching $18.1 million.
Additionally, over the last 24 hours, 80,609 individuals globally have been liquidated. The largest single liquidation occurred on Bybit's BTCUSDT pair, valued at $2.03 million.#globalliquidations #cryptomarket #bitcoin #ethereum #liquidations #Bybit #Coinglass #ChainCatcher #BTCUSDT #cryptotrading #cryptocurrency #ETH
🚀 Crypto Market Experiences $363 Million Liquidation in 24 Hours
#Crypto #Cryptocurrency #Bitcoin #Ethereum #Liquidation #Trading #CryptoMarket #Bybit #MarketUpdate #CryptoNews #BTC #ETH
In the past 24 hours, the cryptocurrency market witnessed liquidations totaling $363 million, according to ChainCatcher. Data from Coinglass reveals that long positions accounted for $243 million of the liquidations, while short positions made up $120 million. Specifically, Bitcoin long positions saw liquidations of $89.97 million, and short positions experienced $50.73 million in liquidations. Ethereum long positions faced $70.21 million in liquidations, with short positions at $40.27 million.
Additionally, over the last 24 hours, a total of 94,934 traders were liquidated globally. The largest single liquidation occurred on Bybit's BTCUSD market, amounting to $9.8018 million.#Crypto #Cryptocurrency #Bitcoin #Ethereum #Liquidation #Trading #CryptoMarket #Bybit #MarketUpdate #CryptoNews #BTC #ETH