A former Wechain Fintech employee who processed payroll for Bybit has been sentenced to nine years and 11 months in prison for stealing $5.7 million, mostly in cryptocurrency, The Straits Times reports. Between May 31 and August 31, 2022, the…
Crypto detective ZachXBT reported suspicious outflows of over $1.46 billion from Bybit accounts. Bybit CEO Ben Zhou soon confirmed the hack. He stressed that only one wallet was affected, the rest of the funds are in order, and withdrawals remain…
Bybit has called on cybersecurity and crypto experts to join in tracking down the criminals behind the largest-ever CEX hack, a hack on the platform that resulted in the loss of $1.5 billion in Ethereum. A 10% reward on the…
Last week, users withdrew $508 million worth of cryptocurrency from exchanges. Over the past two weeks, the total outflow has reached $925 million. Market sentiment is changing after 18 weeks of gains as investors weigh the impact of economic developments…
The CEO of crypto exchange Bybit said the platform has replenished its Ether reserves stolen by hackers during the February 21 attack. Ben Zhou assured that the coverage ratio is 100% and a detailed report on reserves, Proof of Reserves,…
Cryptocurrency exchange Bybit has declared “war” on North Korean hackers after a hack and theft of $1.4 billion in cryptocurrency. The platform has launched a website where users can help track the stolen funds and the hackers' addresses, receiving a…