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Articles by In Bybit
Compromised Developer’s Laptop at the Center of $1,400,000,000 Bybit Heist, Says Safe Wallet
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 breach Bybit’s security protocols.
What Caused Bybit's $1.4 Billion Ethereum Hack? New Details Revealed
Home BybitWhat Caused Bybit... By Decrypt In Bybit, Hackers Multi-signature wallet provider Safe said Thursday that last month’s $1.4 billion Ethereum heist from Dubai-based centralized exchange Bybit stemmed from a compromised developer laptop.
SafeWallet releases Bybit hack post-mortem report
The developer of SafeWallet has released a post-mortem report detailing the cybersecurity exploit that led to the $1.4 billion hack against Bybit in February. According to a forensic analysis conducted by SafeWallet and cybersecurity firm Mandiant, the hacking group hijacked a Safe developer’s Amazon Web Services (AWS) session tokens to bypass the multifactor authentication security measures put in place by the firm.
Multisig cold wallets: How secure are they really?
What are multisig cold wallets? Multisignature (multisig) cold wallets are often considered one of the safest ways to store digital assets, providing an extra layer of protection against theft. However, even these advanced security measures are not infallible, as demonstrated by the February 2025 Bybit hack. Before diving into their security, let’s break down what multisig cold wallets actually are.
Bybit asks DAO to return fees earned from hack transactions
Home BybitBybit asks DAO to return fees earned from hack transactions By Cointelegraph In Bybit, DAO, DeFi, Hackers Bybit onfirmed it was behind a proposal requesting that decentralized finance (DeFi) protocol ParaSwap return fees earned from swaps conducted by the Lazarus Group using digital assets stolen from the exchange.
ByBit CEO: This Is 'Critical' Week to Freeze Funds From $1.4 Billion Hack
The CEO of Bybit has warned that the exchange is in a race against time to recover the $1.4 billion in crypto stolen by North Korean hackers. In an update on X, formerly Twitter, Ben Zhou revealed that 20% of the Ethereum taken in last month’s audacious attack has already “gone dark.” About 77% of the illicit funds remain traceable, meaning just 3% has been successfully frozen.
$1.5B crypto hack losses expose bug bounty flaws
As cryptocurrency losses from security breaches surge past $1.5 billion, cybersecurity experts are urging exchanges to improve bug bounty programs to attract top ethical hackers and strengthen platform security. On March 3, blockchain security firm CertiK said that crypto lost from hacks in February had reached $1.53 billion, with the Bybit hack accounting for the majority of losses at more than $1.4 billion.
Bybit hackers resume laundering activities, moving another 62,200 ETH
North Korea’s Lazarus Group laundered another 62,200 Ether, worth $138 million, from the Feb. 21 Bybit hack on March 1 — leaving only 156,500 left to be moved, a pseudonymous crypto analyst noted. Approximately 343,000 Ether (ETH) of the 499,000 Ether stolen from the $1.4 billion Bybit hack has been moved, said X user EmberCN, who expects the remaining funds to be cleared in the next three days. The 343,000 Ether moved equates to 68.7% of the stolen funds — up from 54% on Feb. 28.
Secure onchain UI would have prevented Bybit hack - Dfinity founder
Dominic Williams, the founder and chief scientist at the Dfinity Foundation — a nonprofit organization that maintains and facilitates the development of the Internet Computer Protocol (ICP) — recently told Cointelegraph that applications should be fully onchain to prevent the user interface compromise seen in the recent Bybit hack.
Bybit hacker launders $605M ETH, over 50% of stolen funds
The Bybit exploiter managed to launder over 50% of the stolen funds within a week since it exploited the exchange, despite onchain analysts pursuing the identity of the exploiters. Centralized crypto exchange Bybit was hacked for over $1.4 billion worth of crypto on Feb. 21, marking the largest hack in crypto history The Bybit exploiter has already laundered over $605 million worth of Ether (ETH), or over 54% of the total stolen funds, according to Lookonchain.
Pi Network responds to Bybit CEO’s scam allegations
Pi Network has responded to a controversy triggered by a post from Bybit CEO Ben Zhou challenging the project’s legitimacy and accusing it of being a scam. On Feb. 20, an X account describing itself as the “unofficial technical team” of Pi Network alleged that the project had rejected a listing offer from the crypto exchange and that Bybit was “losing its position” in the market.
Crypto Hacks Nearly Match 2024 Total Thanks to $1.4 Billion Bybit Theft
This year is shaping up ominously for the crypto space–and it’s only February. Data from Blockchain security firm Immunefi shows that the total money lost in hacks for 2025 is already nearing last year’s total of $2.2 billion. With last week’s record Bybit exploit, the number for 2025 stands at $1.6 billion. 2/ 🚀 Losses skyrocketed in February 2025, reaching a staggering total of $1.53B from hacks alone.
3AC-related OX.FUN denies insolvency rumors, Bybit goes to war: Asia Express
Su Zhu and Kyle Davies’ latest insolvency drama OX.FUN, a memecoin exchange that emerged from the remnants of Open Exchange (OPNX), found itself at the center of insolvency rumors this week after freezing $1 million in user deposits. The controversy erupted on Feb. 21, when X user JefeDAO claimed on X that one of its members had deposited $1 million in USDC into OX.FUN, only to find the funds locked moments later.
Inside the Lazarus Group money laundering strategy
In the post-mortem of the $1.5 billion Bybit hack, two blockchain research organizations — Nansen and Chainalysis — have revealed the Lazarus Group’s money laundering strategy, which includes swapping illiquid assets for liquid assets, creating a complex money trail, and letting certain wallets sit dormant to let scrutiny die down. According to Nansen, the typical Lazarus Group strategy first involves swapping the illiquid assets into those that are more fungible and, therefore, easier to move.
Bybit Launches Community Effort To Fight North Korean Hackers Lazarus Group After $1,400,000,000 Heist
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 cybercriminal outfit is believed to have stolen $1.4 billion in digital assets from their platform last week. “Join us on war against Lazarus: http://lazarusbounty.com.
Bybit hack a setback for institutional staking adoption: Everstake exec
Cryptocurrency exchange Bybit’s billion-dollar cybersecurity exploit was a setback for institutional adoption of crypto staking, Bohdan Opryshko, staking services provider Everstake’s chief operating officer, told Cointelegraph. On Feb. 21, the Lazarus Group, a hacking operation based in North Korea, gained access to Bybit’s wallet credentials and stole some $1.4 billion worth of liquid staked Ether (STETH). It was the industry’s largest-ever hack.
Bybit Hackers Launder $335,000,000 in Ethereum (ETH) With ‘No Friction, No Risk’: Report
The perpetrators of the largest crypto heist in history have reportedly moved a large portion of the stolen funds without significant risks. On February 21st, the crypto exchange ByBit suffered large losses when a malicious actor believed to be the North Korean government-backed Lazarus Group breached one of its Ethereum (ETH) cold wallets and siphoned tokens worth $1.4 billion.
Market Meltdown: Why is SOL, XRP, DOGE Plummeting Today?
The crypto market faced a significant downturn, with major currencies like XRP, SOL, and DOGE experiencing over 10% drops. Growing bearish sentiment on social media has contributed to the market’s instability. The recent ByBit hack and fears of stagflation have further exacerbated the market’s short-term challenges. Despite the current panic, some experts believe that the crypto market has made substantial progress over the past year and may recover in the long run.
ByBit Breach: $1.5 Billion in Funds Stolen as Exchange Vows to Return Customer Assets
The crypto exchange ByBit was hacked last Friday, resulting in US$1.5 billion lost — the largest single crypto theft in history. ByBit’s CEO, Ben Zhou, says the hack occurred during a routine transfer of assets from one of the exchange’s cold wallets to one of its warm-wallets used to cover daily trading volume. A professional response from ByBit has limited the damage, with exchange’s apparent preparedness suggesting the crypto industry may be learning from past mistakes.
Is Bybit the Next Target? Coinbase Reports CFTC Initiated Investigations
After Binance’s settlement and CEO resignation, the crypto community is abuzz, with Bybit possibly facing regulatory scrutiny. This comes as Coinbase has apparently notified customers of a CFTC subpoena, requiring user account information. Coinbase’s lawsuit by the SEC and the escalating SEC-CFTC rivalry highlight increasing regulatory challenges for U.S. crypto firms.
Coinbase Might Be Forced to Share Your Bitcoin Trading Data With the CFTC
Home BybitCoinbase Might Be Fo... By Decrypt In Bybit, Coinbase, Trading In the last day, an unconfirmed number of Coinbase users have received emails from America’s top crypto exchange, informing them that information linked to their customer accounts might soon be shared with the Commodities Futures Trading Commission (CFTC) after Coinbase was served with a subpoena.
FTX’s Bankruptcy Managers Pursue $953 Million Asset Recovery
FTX’s bankruptcy managers have initiated legal action against Bybit crypto exchange and two other entities, pursuing the recovery of $953 million in assets withdrawn before its collapse. This move follows recent efforts by the bankruptcy managers to reclaim the exchange’s funds from various parties. Lawsuit Against Bybit On November 10, bankruptcy advisers filed a lawsuit against Bybit and its investment arm, Mirana Corp.
This new crypto debit card brings low fees and convenience to cryptocurrency payments
Home BybitThis new crypto debi... By Cointelegraph In Bybit, Cards, Cryptocurrencies, Payments Cryptocurrencies offer several advantages to traditional money, including lower costs, faster transfers, and decentralized systems that do not collapse at a single point of failure. Despite these benefits, many people don’t consider digital currencies practical for everyday use.
Will Investors Warm to KuCoin and Bybit Products as Industry Struggles?
Crypto exchanges KuCoin and ByBit are introducing new ways to generate revenue as exchange volumes dwindle. Bybit’s Double-Win allows customers to profit from dramatic price movements, while KuCoin’s Pre-Market trading allows peer-to-peer access to up-and-coming tokens. Bybit’s new product enables traders to profit quickly from large price swings, provided the current price differs from a settlement.
Bybit Bows Out of UK Market After Stifling New FCA Crypto Regulations
Bybit, a leading cryptocurrency exchange, has announced its decision to suspend operations in the UK following the introduction of the Financial Conduct Authority’s (FCA) new marketing regulations for crypto businesses. The move comes in direct response to a June FCA policy entitled “Financial Promotion Rules for Crypto Assets.” Bybit Says Goodbye to the UK Bybit’s decision to halt its UK operations marks a stark contrast to its earlier statement, which assured its commitment to the UK market.
Bybit Cannot Keep Up With Regulations, Exits the UK
Bybit, a leading crypto exchange, anticipates its imminent exit from the United Kingdom market. The initiative comes in response to the forthcoming stringent marketing rules in the UK, set to take effect on October 8. Bybit Leaves the UK Due to Tight Regulations Bybit’s decision to leave the UK mirrors the ongoing challenges many crypto exchanges face in adjusting to tighter regulatory scrutiny.
Crypto Exchange Bybit 'Exploring All Options' to Stay in UK: CEO
Crypto exchange Bybit is looking for ways to stay in the U.K. even as changes in financial promotions rules set to take effect next month have already prompted some companies to cut back on their services, according to CEO Ben Zhou. “Leaving the U.K. is not part of our current strategy,” Zhou said in a Telegram message.
Crypto Express
Home BybitCrypto Express By Medium In Bybit, Cryptocurrencies, NFTs Bitcoin Mining 2 min read Bybit debuts AI-powered ‘TradeGPT’ for market analysis and data-driven Q&A (Express Summary) Cryptocurrency exchange Bybit has released a free AI-powered trading assistant that delivers insights from the platform’s market data.
Bybit Unveils TradeGPT: AI Mentor Leveraging Bybit’s Market Data for Helping Crypto Traders
Bybit, a popular cryptocurrency exchange, has launched TradeGPT, an AI-based educational tool. This new addition is part of Bybit’s initiative to serve as a “Crypto Ark,” aiming to be a resource center in the cryptocurrency sector. In a blog post published earlier today, Bybit said that TradeGPT is designed to utilize Bybit’s existing market data, trading analytics, and technical analysis tools.
VEXT To List Exclusively With ByBit On September 4th
London, United Kingdom, August 31st, 2023, Chainwire Veloce, the world’s largest digital racing media network, will be launching its governance and utility token, VEXT, exclusively on ByBit, one of the leading global crypto exchanges. Veloce, perfectly positioned to drive Web3 adoption, has so far attracted over 35 million subscribers and nearly one billion monthly views with a focus on gaming, purpose-driven motorsport, and now Web3.
Shiba Inu (SHIB) and Floki Inu (FLOKI) Seek Potential While Everlodge (ELDG) Presale Boosts Earnings Expectations
Shiba Inu (SHIB) and Floki Inu (FLOKI) are exploring new opportunities. In this changing landscape, a new player, Everlodge, is gaining attention. It has the potential to change the way real estate works. Let’s take a look at the recent news about Shiba Inu (SHIB), Floki Inu (FLOKI), and the exciting possibilities that Everlodge offers.
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