Bybit

Bybit

Markets

THORChain Sees Record $4.6B Volume After Bybit's $1.4B Hack

THORChain was one of the platforms Bybit hackers used to launder funds, according to observers.

Thor hammer (UnSplash)

Policy

FBI Seeks Crypto Industry Help to Track, Block Laundering of Bybit Hack Funds

The FBI reiterated North Korean involvement, and identified the activity as TraderTraitor.

FBI symbol on side of a building.

Finance

Bybit and Safe Custody Are at Odds on Who's to Blame for $1.5B Hack

The apparent stand-off mirrors that of WazirX and Liminal Custody, which blamed each other following a $230 million exploit last July.

A hooded figure sits typing on a laptop in a darkened (Pixabay)

Markets

Bybit Declares ‘War on Lazarus’ as It Crowdsources Effort to Freeze Stolen Funds

The exchange is offering a 5% bounty for submissions that could lead to stolen funds being frozen.

Bybit lost roughly $1.5 billion in crypto to a theft Friday. (appshunter.io/Unsplash)

Markets

Bybit Closes 'ETH Gap' as Exchange Replenishes $1.4B Hole After Hack

Bybit has returned to a 1:1 backing of client assets days after being hit by the biggest crypto heist ever.

Bybit lost roughly $1.5 billion in crypto to a theft Friday. (appshunter.io/Unsplash)

Tech

Ethereum 'Roll Back' Suggestion Has Sparked Criticism. Here's Why It Won't Happen

Call for "roll back" by some, to negate Bybit hack, immediately provoked a fierce reaction from the Ethereum community, which was firm in its belief that it wouldn't happen.

(Jacob Lund/Shutterstock)

Finance

Bybit Sees Over $4 Billion ‘Bank Run’ After Crypto’s Biggest Hack

The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to access frozen funds.

Bybit CEO Ben Zhou (Danny Nelson/ CoinDesk)

Markets

Ether Price Spikes Further on Reports of Bybit Starting to Buy ETH

The rise comes amid reports that Bybit has allocated 100 million USDT to a new wallet to buy the cryptocurrency.

Bybit lost roughly $1.5 billion in crypto to a theft Friday. (appshunter.io/Unsplash)

Markets

Ether Supply Squeeze? Bybit Hacker Emerges as World's 14th-Largest ETH Holder

Ether trades 2% higher as the hacked ETH is seen as a permanently lost supply.

Bybit lost roughly $1.5 billion in crypto to a theft Friday. (appshunter.io/Unsplash)

Markets

Crypto Exchanges Start to Fill Bybit's $1.4B Hole as Hackers Move Stolen Funds

"At Bitget we strongly believe in supporting the community and everyone contributing towards the growth of crypto," company CEO Gracy Chen told CoinDesk.

Crypto hacks, scams and exploits netted some $2 billion this year. (fikry anshor/Unsplash, modified by CoinDesk)