Investigator ZachXBT says the hack was pulled off by the North Korean Lazarus Group, connecting it on chain to the Phemex hack. Bybit CEO Ben Zhou confirmed in a Friday livestream that the $1.5 billion hack against his crypto exchange lost the firm the vast majority of its customers’ ETH...
Bybit Hack Aftermath: Single Whale Liquidated for $46M as BTC Dumps by $4K
The total crypto market cap shed over $150 billion since the incident. As the details around perhaps the largest hack in the cryptocurrency industry continue to unravel, BTC’s price has started to crash once again, falling by over four grand since today’s peak. With the altcoins in a similar state,...
SEC Faces Critical Deadlines in Major Crypto Cases as Agency Shifts Direction
The United States Securities and Exchange Commission may be prioritizing crypto litigation as some big court deadlines approach. The financial regulator also appears to be easing up or pausing its rafts of ongoing litigation against crypto companies. However, those with imminent deadlines may still be on the table. “I’m told...
6 Reasons Why This Finance Expert Dumped His Ripple (XRP) Holdings
Cardone sold when XRP was worth $2.71. TL;DR Finance expert Gary Cardone sold his XRP positions, citing unclear supply/demand dynamics, skepticism toward the Ripple community, and other reasons. Despite his concerns, the potential approval of a spot XRP ETF in the US and the ongoing Ripple-SEC lawsuit developments, could create...
Bitcoin Goes Mainstream: Over 1,500 Financial Institutions Have BTC Exposure
More and more financial institutions are increasing their exposure to Bitcoin, according to researchers. There were 1,573 institutions with long exposure to Bitcoin as of the end of 2024, according to findings from Bitcoin analyst and educator Sam Callahan. The researcher took a deep dive into US Securities and Exchange...
Meme Coin Meltdown: Crypto Community Turns Against Speculative Tokens
The crypto community is slowly turning against meme coins following high-profile scandals and scams involving some of these ersatz tokens. As highly speculative meme coins continue their inevitable plunge, crypto executives and analysts have been throwing their thoughts into the arena, and they are not very complimentary. “Some meme coins...
Helius Labs CEO Defends Solana Amid Criticism Over Meme Coin Frenzy
Solana’s defenders highlight its tech and innovation, arguing meme coin chaos doesn’t define the chain’s potential or progress The Solana blockchain has come under fire, with critics calling it a breeding ground for speculative assets. However, Helius Labs CEO Mert Mumtaz argues that the chain is being unfairly blamed for...
Ethereum Layer 2 Platform Abstract Reports $400K Crypto Breach in Cardex Incident
A shared session signer wallet and exposed private key in Cardex's front end led to a large-scale crypto theft. Ethereum Layer 2 platform, Abstract, has released an initial post-mortem on a security incident that resulted in the compromise of approximately $400,000 worth of ETH across 9,000 wallets interacting with Cardex,...
Wintermute Wants to Expand Crypto Market Making Services to The US: Report
Wintermute’s CEO says the company’s expansion to the U.S. follows favorable regulatory changes in the country. The leading cryptocurrency market maker, Wintermute, has revealed plans to expand its business to the United States amid the emergence of a more favorable environment for digital assets in the country. Wintermute’s CEO Evgeny...
Barstool Founder Launches and Dumps GREED Meme Coin in Just 1 Hour
Portnoy called meme coins a "greed-driven ecosystem," launching $GREED as a social experiment before selling his holdings. Barstool Sports founder Dave Portnoy launched a meme coin called $GREED today from his official wallet. However, he sold his entire position an hour later, causing the token’s value to crash by more...
