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The famous crypto firm and exchange, Bybit, has been hit by possibly the biggest crypto theft in history. The Dubai-based company said that hackers managed to steal $1.5B worth of digital currency.The attack, which was apparently carried out by North Korea’s Lazarus Group, was a highly sophisticated…
Bybit has regained half of its Ether reserves following a $1.4 billion cryptocurrency hack that sent shockwaves through the global Web3 industry.On Feb. 21, Bybit exchange was hacked for over $1.4 billion worth of liquid-staked Ether (STETH), Mantle Staked ETH (mETH) and other ERC-20 tokens, resulti…
According to data provided by crypto analytics platform CryptoQuant, Bybit's Ethereum reserves are in the process of recovering.Bybit's ETH reserves plunged from 443,691 ETH to just 63,807 ETH following the devastating $1.4 billion hack that took place Friday.The exchange's reserves have now recove…
Tim Beiko, one of Ethereum's lead developers, has clarified that the blockchain cannot be rolled back following the devastating $1.4 billion hack that took place Friday.As Beiko explained, there was no issue with the Ethereum protocol. "From the perspective of the Ethereum protocol, there is nothing…
A death cross, when the 50-day moving average crosses below the 200-day moving average, has been formally confirmed by Ethereum. The indicator could be a herald of progressing pressure on the market, pushing Ethereum even lower. However, things are turning surprisingly good for the second-biggest cr…
Ethereum’s price action has been volatile in recent weeks, but the asset encountered a significant resistance zone.With strong selling pressure likely at this level, a rejection followed by a short-term decline appears probable.Technical AnalysisBy ShayanThe Daily ChartETH recently found support at …
Ether has jumped 5.80% in the last 24 hours to reach over $2,830 on Feb. 23, wiping out the minor losses incurred following the Bybit hack two days ago.Key drivers behind the Ethereum native token’s upside moves are:Bybit replenishing ETH reserves following the hack.Ethereum core developer rubbishi…
Ether needs a break above the key $3,000 psychological level to reverse its two-month downtrend, which now hinges on investor sentiment following the largest financial hack in crypto history.The world’s second-largest cryptocurrency has been in a downtrend since peaking above $4,100 on Dec. 16, 2024…
The demand for bitcoin on US soil has seemingly disappeared, at least when it comes down to purchases through locally based exchange-traded funds.In fact, data from FarSide shows that February has been a particularly negative month for BTC ETFs, with withdrawals dominating most days.BTC ETFs See Mos…
Top Stories of The WeekBybit exchange hacked, over $1.4 billion in ETH-related tokens drainedCryptocurrency exchange Bybit has been hacked for over $1.4 billion in liquid-staked Ether, Mantle Staked ETH and other ERC-20 tokens, according to pseudonymous onchain security analyst ZachXBT, who spotted …
On Friday, cryptocurrency exchange Bybit was allegedly hacked by North Korea’s Lazarus group, which drained nearly $1.4 billion in ether from the exchange.Following the hack, Arthur Hayes, BitMEX co-founder and claiming to be a major ether holder, wrote a post on X to Ethereum co-founder Vitalik B…
As the cycle progresses, many investors are awaiting the long-anticipated Altseason, with opinions split on whether it will happen. Several market watchers have affirmed that Altcoins (Alts) are getting ready for an explosive breakout, but others, including CryptoQuant’s CEO, have suggested a differ…