Category: Exchanges

FBI asks node operators, exchanges to block transactions tied to Bybit hackers

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The US Federal Bureau of Investigation has urged crypto node operators, exchanges and the private sector to block transactions from addresses used to launder funds from the $1.4 billion Bybit hack. The FBI confirmed earlier industry investigation that North Korea was responsible for the hack, which the US law enforcement agency dubbed as “TraderTraitor” in a Feb. 26 public service announcement. The FBI noted in an April 2022 statement that TraderTraitor is commonly referred to in the industry as the Lazarus Group, APT38, BlueNoroff and Stardust Chollima. “TraderTraitor actors are…

Bybit Is Back: Crypto Exchange Resumes Full Operations in India After FIU Approval

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Bybit is back in India! After overcoming regulatory hurdles and a security breach, the crypto exchange fully restores services, resuming new user onboarding and trading access. Bybit Reinstates Services in India After Regulatory Compliance Cryptocurrency exchange Bybit has officially registered with Indian authorities, allowing the platform to fully restore its services in the country. The […] Source

New Avalanche Card Simplifies Cryptocurrency Transactions Across Three Continents

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The Avalanche Foundation and digital payment firm Rain launched the Avalanche Card on Feb. 26, 2025, enabling users in Southeast Asia, Africa, and Latin America to spend cryptocurrencies through Visa’s global network. Avalanche and Rain Partner to Launch Crypto Card for Conversion-Free Spending The card supports transactions using USDC, USDT, Wrapped AVAX (wAVAX), and AVAX, […] Source

Cryptocurrency Markets Reel Under Trade Policy Uncertainty

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The altcoin and meme coin sectors incurred significant losses on Feb. 26, 2025, as investor apprehension over former President Donald Trump’s proposed EU tariffs sparked a widespread sell-off, with safe coin (SAFE) declining by 8.83%. Altcoins Plummet Amid Trump-EU Tariff Uncertainty Global cryptocurrency market capitalization dropped 3.16% to $2.78 trillion in 24 hours, according to […] Source

Crypto Exchange Bybit Fully Closes Ethereum Gap, According to Updated Proof of Reserves Report

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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 are echoed in a proof-of-reserves audit report published by the blockchain security auditor Hacken on Sunday. “The Hacken team’s Proof of Reserves audit, conducted on Sunday, February 23, 2025, demonstrates that Bybit maintains an in-scope…

Bybit CEO Says Crypto Exchange Is Solvent, All User Assets Backed 1:1 Following ‘Largest Heist of All Time’

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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 attack the biggest theft in recorded history. “The NK (North Korea) hack of Bybit is the largest heist of all time, of any medium (Central Bank of Iraq heist was ~$1 billion). It’s ~10x…

Three Altcoins Skyrocket in Hours After Going Live on Top US Crypto Exchange Coinbase

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A decentralized oracle provider and two artificial intelligence (AI)-focused altcoins surged just hours after going live on top US-based crypto exchange platform Coinbase. The data reveals that Chainlink (LINK) rival Pyth Network (PYTH) and AI-based projects Kaito (KAITO) and Bittensor (TAO) all saw significant increases in price after gaining support from Coinbase. KAITO – an “InfoAI” protocol that aims to solve the problem of fragmentation within the digital assets industry – was recently listed by both Coinbase and the top global crypto exchange by volume Binance en route to nearly…

SEC Drops Enforcement Lawsuit Against Against Top US Crypto Exchange, ‘Righting a Major Wrong’: Coinbase

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The U.S. Securities and Exchange Commission (SEC) is dropping a lawsuit against the top US-based crypto exchange, according to a new Coinbase blog post. Coinbase says the SEC has agreed “in principle” to dismiss its case with Commissioner approval. According to Coinbase, the suit being dropped should be viewed as a “major win for the rule of law”. Coinbase says that it has always complied with the SEC since going public in 2021. However, according to the top US-based crypto exchange by trading volume, political changes at the top of…

$1,400,000,000 Drained From Crypto Exchange Bybit As Hackers Crack Ethereum (ETH) Contract Address: Arkham

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The Singapore-based crypto exchange Bybit says it’s suffered a major security breach involving its Ethereum (ETH) cold wallet. According to the crypto analysis firm Arkham, about $1.4 billion in ETH and stETH has been taken. CEO Ben Zhou says the breach happened when an ETH transfer to a warm wallet was manipulated through a sophisticated attack. “Bybit ETH multisig cold wallet just made a transfer to our warm wallet about 1 hr ago. It appears that this specific transaction was musked, all the signers saw the musked UI which showed…