Tag Archives: Bybit

Ethena Labs’ exposure to Bybit decreased from $30 million to zero.  USDe stablecoin remains completely collateralized in off-exchange custody. Ethena Labs has assured that its unrealized profit and loss (PNL) exposure to Bybit is zero, after a significant security incident at the crypto exchange. The Ethereum-based synthetic dollar protocol assured users that it fully collateralized its USDe stablecoin and kept no backing funds on exchanges. The update comes after an initial release where...

Ho Kai Xin, a former payroll processing staff member at WeChain Fintech Singapore, has been sentenced to nine years and 11 months in jail for embezzling over $5.7 million. WeChain Fintech Singapore, which was contracted to manage payroll for Bybit Fintech, employed Ho as a payroll processing staff member. Ho, who was responsible for processing salaries for approximately 900 ByBit employees, exploited her position by manipulating Microsoft Excel files to divert company funds...

The cryptocurrency exchange Bybit, which just suffered a major security incident, is now launching a recovery bounty program. The team wants to give back 10% of the funds that anyone is able to recover, according to a press release shared with CryptoPotato. As reported previously, Bybit suffered a security breach, resulting in the theft of over $1.4 billion in ETH. The attack was carried out by the infamous Lazarus group, an organization allegedly run by the North Korean...

In what is considered now the largest hack within the cryptocurrency industry, Bybit’s hot wallet was compromised when trying to complete a legitimate transfer, and roughly $1.5 billion, mostly in ETH, was stolen by being sent to another address. Aside from the immediate impact on crypto prices, such a notable incident garnered the attention of the community, and now some prominent figures are calling for a rollback of Ethereum’s chain. Hayes, Mow Say Yes Arthur Hayes, the...

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, it’s no wonder that the total value of liquidated positions has skyrocketed to over $600 million on a daily scale. Recall the events that took place earlier today when reports emerged about suspicious transfers made from Bybit’s hot wallets. Later on,...

Bybit enhances crypto transparency by sharing real-time liquidation data, empowering traders with accurate insights, improving trust, and attracting institutional investors. Bybit has introduced a groundbreaking initiative by making all liquidation data fully open to the public through its enhanced API. With this update, Bybit delivers new liquidation data every half second to give precise and immediate information to users. Bybit works to add transparency to the crypto market which helps...

It was a relatively slow and quiet uneventful week for the cryptocurrency markets but Friday turned the tables around with some big news. But before we dive into the major developments that took place earlier today, let’s focus on the price movements over the past week. Recall that the largest digital asset spiked to $99,000 last Friday where it was met by the bears and was not allowed to progress toward the coveted six-digit territory. The weekend was quite sluggish as BTC...

Several reports emerged in the past minutes that one of the world’s leading crypto exchanges, Bybit, was compromised for roughly $1.5 billion in digital assets. Although the news is yet to be officially confirmed, the panic spread rapidly, causing an immediate price crash for BTC and most altcoins. Seems that @Bybit_Official hot wallet just got hacked. Though, it’s a multi-sign $1.5B worth of $ETH was withdrawn to the new address and is currently being sold More info below...

Bybit will stop withdrawal and custody services for French users starting January 8, 2025, amid increasing regulatory scrutiny in France. Bybit, a major cryptocurrency exchange, has announced it will cease providing withdrawal and custody services to users in France starting January 8, 2025. This decision follows increased scrutiny from French financial regulators. Bybit reiterated it will fully adhere to all the laws and regulations in the applicable jurisdictions. However, because of the...

Liste an Bitcoin-Börsen, sortiert nach Rating bei Trustpilot. Wenn grosse Firmen wie Microsost in Bitcoin einsteigen, wird der Bitcoin-Preis rasant ansteigen. Es kann sich also lohnen, jetzt noch einzusteigen, auch wenn man Anfänger und Neuling ist: Die Welt der Kryptowährungen fasziniert immer mehr Menschen, doch gerade für Einsteiger kann der Einstieg oft überwältigend sein. Bitcoin, die bekannteste Kryptowährung, stellt oft den ersten Schritt in...