Tags: ByBit

eXch plans to shut down operations but refutes allegations of its role in laundering funds from February’s Bybit hack.

There was a notable plunge in Bybit’s spot trading volumes, but the exchange’s RPI order ensured retailers had enough liquidity and tighter bid-ask spreads.

OKX has denied involvement in laundering Bybit’s stolen funds, and stated that its Web3 wallet operates like other industry-standard self-custody services.

Bybit CEO Ben Zhou said 83% of stolen funds were converted to Bitcoin and spread across 7,000 wallets, with 20% untraceable and 3% frozen.

In the new scam, attackers are mimicking official Binance communication to trick victims into transferring funds to fake wallets.

Despite laundering attempts via Tornado Cash and AnySwap, law enforcement reclaimed $31M in stolen funds from the Uranium Finance exploit.

Thorchain is facing operational risks as developers look to quit over disagreements on handling sanctioned funds linked to North Korean hackers.

FBI investigation into Bybit hack reveals Lazarus Group’s sophisticated cyber tactics, including TraderTraitor malware for unauthorized network access.

Hack explanation leaves CZ unsatisfied, as he raises concerns about compromised developer machines and multi-signer vulnerabilities.

The exchange is tracking stolen funds, blacklisting wallets, and working with law enforcement to prevent further illicit transactions.

Ethereum prices have shown signs of recovering as Bybit buys back enough ETH to cover its losses.