Tag Archives: Bybit hack

Bybit closes its ETH gap after a $1.4B hack, with a new Proof of Reserves report confirming full asset coverage. Bybit, a major cryptocurrency exchange, has successfully closed its Ethereum (ETH) gap after suffering a major hack on February 22. Ben, CEO of Bybit, shared this news on his official X account. The company expressed that an audited Proof of Reserves (POR) report will soon become available to the public. The newly formed audit demonstrates that Bybit controls 100% of client assets...

Bybit launches a $140M bounty program, rewarding ethical hackers for recovering stolen crypto. The initiative strengthens security, transparency, and industry trust. Bybit has announced a $140 million bounty program to recover stolen cryptocurrency assets. The company works with ethical hackers and cybersecurity professionals to recover funds compromised through its platform. Bybit provides an incentive program that distributes 10% from recovered funds as a reward to those who participate....

Bybit freezes $42.89M in illicit funds with industry partners, halting crypto fraud. Swift action also blocks $26M meme token laundering scheme. In a significant move against crypto-related fraud, Bybit successfully froze $42.89 million in hqdk illicit funds within just one day. The collaboration between Tether and THORChain as well as ChangeNOW and FixedFloat with Avalanche Ecosystem and CoinEx and Bitget and Circle resulted in this accomplishment. Every partner took responsibility in...

Blockchain investigator ZachXBT confirms Lazarus Group behind Bybit’s $1B hack, tracing stolen ETH through laundering networks. Experts warn of growing cyber threats. Blockchain investigator ZachXBT has confirmed that the Lazarus Group is responsible for the $1 billion hack on Bybit. Arkham confirmed the discovery today. The evidence presented by ZachXBT consisted of demonstration transactions as well as account associations established before the attack. His submission included achievements...