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šØ Bybit Hack: Stolen $1.4B Likely Being Laundered Through Crypto Mixers
The Bybit hack, the largest in crypto history, is entering its money-laundering phase, with blockchain analysts suspecting the use of mixers and cross-chain transactions.
š Ellipticās Investigation:
Blockchain security firm Elliptic linked the attack to North Koreaās Lazarus Group.The stolen assets are likely being converted into ETH before laundering.Over 50 wallets received 10,000 ETH each, with 10% of the funds already moved.
š° How Hackers Launder Crypto:
1ļøā£ Spreading funds across multiple wallets
2ļøā£ Using cross-chain bridges to move funds between blockchains
3ļøā£ Swapping assets via DEXs for harder traceability
4ļøā£ Sending funds through Tornado Cash & other mixers
ā ļø Exchange Involvement?
Elliptic claims a crypto exchange, eXch, has allowed laundering despite Bybitās warningsāthough eXch denied involvement in a February 23 statement.
š¢ Bybit Covers All Losses
On February 24, Bybit CEO Ben Zhou announced the exchange fully replaced the $1.4B in stolen ETH and will soon publish a new proof-of-reserve report.
š¬ Should regulators crack down on mixers, or is privacy still a priority?
š„ Like & Follow for real-time crypto security updates! š
#bybit #CryptoHack #SecurityBreach #blockchain #LazarusGroup
The Bybit hack, the largest in crypto history, is entering its money-laundering phase, with blockchain analysts suspecting the use of mixers and cross-chain transactions.
š Ellipticās Investigation:
Blockchain security firm Elliptic linked the attack to North Koreaās Lazarus Group.The stolen assets are likely being converted into ETH before laundering.Over 50 wallets received 10,000 ETH each, with 10% of the funds already moved.
š° How Hackers Launder Crypto:
1ļøā£ Spreading funds across multiple wallets
2ļøā£ Using cross-chain bridges to move funds between blockchains
3ļøā£ Swapping assets via DEXs for harder traceability
4ļøā£ Sending funds through Tornado Cash & other mixers
ā ļø Exchange Involvement?
Elliptic claims a crypto exchange, eXch, has allowed laundering despite Bybitās warningsāthough eXch denied involvement in a February 23 statement.
š¢ Bybit Covers All Losses
On February 24, Bybit CEO Ben Zhou announced the exchange fully replaced the $1.4B in stolen ETH and will soon publish a new proof-of-reserve report.
š¬ Should regulators crack down on mixers, or is privacy still a priority?
š„ Like & Follow for real-time crypto security updates! š
#bybit #CryptoHack #SecurityBreach #blockchain #LazarusGroup
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š $NMR /USDT trading signal š„
Next Big Move:
NMR/USDT has risen by 7.53%, trading at $11.99, testing the resistance at $12.00. A breakout above $12.05 could pave the way for more bullish movement.
š Trading Setup:
šÆ Entry Zone: $11.70ā$12.00
š Targets:
š„ First Target: $12.50
š Second Target: $13.20
š Stop Loss: $11.20
š” My Opinion:
With NMR holding strong near its 24h high, and the RSI likely trending upwards, we could see more bullish pressure. If the volume increases on a breakout of $12.05, the rally could accelerate towards the higher targets.
#SecurityBreach #LitecoinETF #writetoearn #BinanceAlphaAlert
Next Big Move:
NMR/USDT has risen by 7.53%, trading at $11.99, testing the resistance at $12.00. A breakout above $12.05 could pave the way for more bullish movement.
š Trading Setup:
šÆ Entry Zone: $11.70ā$12.00
š Targets:
š„ First Target: $12.50
š Second Target: $13.20
š Stop Loss: $11.20
š” My Opinion:
With NMR holding strong near its 24h high, and the RSI likely trending upwards, we could see more bullish pressure. If the volume increases on a breakout of $12.05, the rally could accelerate towards the higher targets.
#SecurityBreach #LitecoinETF #writetoearn #BinanceAlphaAlert
BYBIT HACK UPDATE .....
BREAKING: Bybit Security Breach - What You Need to Know!
The crypto community is reeling from the latest security breach, this time affecting popular exchange Bybit. On February 21, 2025, Bybit reported a staggering loss of over $1.4 billion in Ethereum-based tokens, including liquid-staked Ether (stETH) and Mantle Staked ETH (mETH).
Here's a breakdown of what happened:
- *The Hack*: Attackers exploited a vulnerability in Bybit's multi-signature cold wallet, using a malicious contract to drain funds.
- *The Damage*: The breach resulted in a massive loss of over $1.4 billion, with the attacker transferring funds to an unidentified address.
- *The Aftermath*: Bybit's CEO, Ben Zhou, has assured users that the exchange remains solvent and is working to recover the stolen funds.
The incident has sent shockwaves through the crypto market, with Ethereum's price dropping by 2% and Bitcoin experiencing a 1% decline.
Stay vigilant and keep your assets safe!
Follow us for more updates on this developing story
.#BybitSecurityBreach #Bybit #SecurityBreach #Cryptocurrency #Ethereum #Bitcoin
BREAKING: Bybit Security Breach - What You Need to Know!
The crypto community is reeling from the latest security breach, this time affecting popular exchange Bybit. On February 21, 2025, Bybit reported a staggering loss of over $1.4 billion in Ethereum-based tokens, including liquid-staked Ether (stETH) and Mantle Staked ETH (mETH).
Here's a breakdown of what happened:
- *The Hack*: Attackers exploited a vulnerability in Bybit's multi-signature cold wallet, using a malicious contract to drain funds.
- *The Damage*: The breach resulted in a massive loss of over $1.4 billion, with the attacker transferring funds to an unidentified address.
- *The Aftermath*: Bybit's CEO, Ben Zhou, has assured users that the exchange remains solvent and is working to recover the stolen funds.
The incident has sent shockwaves through the crypto market, with Ethereum's price dropping by 2% and Bitcoin experiencing a 1% decline.
Stay vigilant and keep your assets safe!
Follow us for more updates on this developing story
.#BybitSecurityBreach #Bybit #SecurityBreach #Cryptocurrency #Ethereum #Bitcoin
šØ Major Hack at B..... Exchange: What Happened and What's Next šØ
*Breaking News* - A major security breach occurred at *B.....* on Friday, with the exchange losing a staggering *1.5 billion* in Ethereum during a hack. š± Hereās everything you need to know about what went down and how they plan to recover:
ā
*The Hack and What Was Lost*
On Friday, hackers accessed *B.....ās cold wallet* ā a secure, offline storage system used to hold crypto. The attack resulted in the theft of *701.5 billion*. š³
---
*B.....ās Response: The Bridge Loan*
In a live stream, *CEO Ben Zhou* confirmed that *B.....* had secured a *bridge loan* from *unnamed partners* to cover about *80% of the stolen Ether*. The bridge loan is meant to provide the exchange with enough liquidity to handle customer withdrawals and ensure operations continue without interruption. šø
*Zhouās statement*:
āWe actually already secured almost 80% of the Ethereum thatās been stolen as a bridge loan to give us that liquidity, to help us with the liquidity crunch, so we can pass this crucial period.ā
However, Zhou made it clear that *B.....* would not immediately purchase the stolen Ether to replenish the wallet due to the sheer size of the amount. š
---
*Impact on Customers*
On the day of the hack, *customers withdrew a total of 500 million* from the exchange, as reported by *DefiLlama*. *Zhou* likened this to a *ābank runā*, urging customers to be patient while the company works to process the massive withdrawal requests. šāāļøšØ
Despite the chaos, *B.....* emphasized that there were no plans to suspend or cancel withdrawals. *Zhou* reassured clients:
āEven today if all the B..... clients withdraw, we can give you withdrawals.ā
ā
*Reserves and Liquidity*
*B.....* has over *20 billion* in assets under management, so the exchange claims it has sufficient funds to honor customer withdrawals. However, since the stolen *Ether* was not fully backed by the exchangeās current holdings, they had to rely on the *bridge loan* to cover the gap. š°
*Shunyet Jan*, the head of derivatives and institutions at *B.....*, explained:
āOur treasury has more than enough reserves to cover the Ethereum notional amount, but we donāt have enough Ethereum right now.ā
---
*Investigation and Next Steps*
The breach is still under investigation, with *B.....* having filed a police report. The hacker used the stolen Ethereum in the cold wallet and sent it to an *unidentified address*. š The exact identity of the hacker remains unknown, but *B.....* is actively working with authorities to resolve the matter. šµļøāāļø
---
*Conclusion: How This Affects the Industry*
The *B.....* hack is one of the biggest crypto exchanges hacks in history. Prior to this, the *Ronin Network exploit* in March 2022, with a loss of $600 million, was the largest hack in the industry. *B.....* is working hard to resolve the situation, and their *bridge loan* should help them navigate this crisis while keeping customersā funds safe.
As always, *cryptocurrency security* is crucial ā so be sure to keep your funds protected and stay aware of any updates regarding this hack. š
$ETH
#CryptoHack #SecurityBreach #Ethereum #CryptoSecurity #MarketNews
ā
*The Hack and What Was Lost*
On Friday, hackers accessed *B.....ās cold wallet* ā a secure, offline storage system used to hold crypto. The attack resulted in the theft of *701.5 billion*. š³
---
*B.....ās Response: The Bridge Loan*
In a live stream, *CEO Ben Zhou* confirmed that *B.....* had secured a *bridge loan* from *unnamed partners* to cover about *80% of the stolen Ether*. The bridge loan is meant to provide the exchange with enough liquidity to handle customer withdrawals and ensure operations continue without interruption. šø
*Zhouās statement*:
āWe actually already secured almost 80% of the Ethereum thatās been stolen as a bridge loan to give us that liquidity, to help us with the liquidity crunch, so we can pass this crucial period.ā
However, Zhou made it clear that *B.....* would not immediately purchase the stolen Ether to replenish the wallet due to the sheer size of the amount. š
---
*Impact on Customers*
On the day of the hack, *customers withdrew a total of 500 million* from the exchange, as reported by *DefiLlama*. *Zhou* likened this to a *ābank runā*, urging customers to be patient while the company works to process the massive withdrawal requests. šāāļøšØ
Despite the chaos, *B.....* emphasized that there were no plans to suspend or cancel withdrawals. *Zhou* reassured clients:
āEven today if all the B..... clients withdraw, we can give you withdrawals.ā
ā
*Reserves and Liquidity*
*B.....* has over *20 billion* in assets under management, so the exchange claims it has sufficient funds to honor customer withdrawals. However, since the stolen *Ether* was not fully backed by the exchangeās current holdings, they had to rely on the *bridge loan* to cover the gap. š°
*Shunyet Jan*, the head of derivatives and institutions at *B.....*, explained:
āOur treasury has more than enough reserves to cover the Ethereum notional amount, but we donāt have enough Ethereum right now.ā
---
*Investigation and Next Steps*
The breach is still under investigation, with *B.....* having filed a police report. The hacker used the stolen Ethereum in the cold wallet and sent it to an *unidentified address*. š The exact identity of the hacker remains unknown, but *B.....* is actively working with authorities to resolve the matter. šµļøāāļø
---
*Conclusion: How This Affects the Industry*
The *B.....* hack is one of the biggest crypto exchanges hacks in history. Prior to this, the *Ronin Network exploit* in March 2022, with a loss of $600 million, was the largest hack in the industry. *B.....* is working hard to resolve the situation, and their *bridge loan* should help them navigate this crisis while keeping customersā funds safe.
As always, *cryptocurrency security* is crucial ā so be sure to keep your funds protected and stay aware of any updates regarding this hack. š
$ETH
#CryptoHack #SecurityBreach #Ethereum #CryptoSecurity #MarketNews
ā ļø $1.46 Billion Stolen from Bybit!
š An unknown whale just withdrew 401,346 ETH ($1.46B) from Bybit and has started selling!
ā”ļø Bybit CEO Responds:
š¬ *"We are solvent. Even if the losses from the hack arenāt recovered, all customer assets are fully backed 1:1, and we can cover the losses."*
š° Withdrawals remain operational as Bybit investigates and tracks the stolen funds.
What are your thoughts on this massive exploit? š¤Æš
#BybitHack #CryptoNews #Ethereum #SecurityBreach
š An unknown whale just withdrew 401,346 ETH ($1.46B) from Bybit and has started selling!
ā”ļø Bybit CEO Responds:
š¬ *"We are solvent. Even if the losses from the hack arenāt recovered, all customer assets are fully backed 1:1, and we can cover the losses."*
š° Withdrawals remain operational as Bybit investigates and tracks the stolen funds.
What are your thoughts on this massive exploit? š¤Æš
#BybitHack #CryptoNews #Ethereum #SecurityBreach
šØBybit Hacked! $1.4 Billion Stolen in Major Security Breach šØ
š„ The crypto world was rocked today as Bybit Exchange suffered a massive $1.4 billion security breach! Hackers exploited a transfer between wallets, manipulating a smart contract to drain Ethereum-based assets.
š Market Impact:
š» Ethereum dropped 2% to $2,685
š» Bitcoin fell 1% to $96,632
š What Happened?
Attackers hijacked an ETH cold wallet and funneled funds into 39 different addresses to obscure the trail.
SlowMist suspects a North Korean hacking group is involved!
Binanceās CZ advised Bybit to pause withdrawals for security.
š° Bybit's Response:
CEO Ben Zhou assured users that the exchange is financially stable.
No immediate ETH buybackāBybit seeks bridge loans to cover losses.
š Stay Safe!
This is another reminder to secure your assets. Always use hardware wallets & multi-sig protection!
š¬ What are your thoughts on this massive breach? Drop your comments! ā¬ļø
$BTC $ETH $SOL
#CryptoNews #BybitHack #Ethereum #SecurityBreach #BitBounty
š Market Impact:
š» Ethereum dropped 2% to $2,685
š» Bitcoin fell 1% to $96,632
š What Happened?
Attackers hijacked an ETH cold wallet and funneled funds into 39 different addresses to obscure the trail.
SlowMist suspects a North Korean hacking group is involved!
Binanceās CZ advised Bybit to pause withdrawals for security.
š° Bybit's Response:
CEO Ben Zhou assured users that the exchange is financially stable.
No immediate ETH buybackāBybit seeks bridge loans to cover losses.
š Stay Safe!
This is another reminder to secure your assets. Always use hardware wallets & multi-sig protection!
š¬ What are your thoughts on this massive breach? Drop your comments! ā¬ļø
$BTC $ETH $SOL
#CryptoNews #BybitHack #Ethereum #SecurityBreach #BitBounty
šØ BYBIT HACKEDšØ
šØ SECURITY ALERTšØ
Bybit CEO Confirms HackāHereās the Most Affected Altcoin!
Bybit has suffered a major security breach, with hackers stealing $1.46 billion in crypto and transferring it to their wallets.
š What Happened?
Blockchain security firms detected unauthorized withdrawals from Bybit just minutes ago.
Hackers exploited an ETH multisig cold wallet, gaining full control and draining funds.
The stolen assets were quickly converted into sETH, suggesting an attempt to launder the funds.
š¢ Bybit CEOās Response:
Confirmed that only Ethereum (ETH) wallets were affected.
Stated that other cold wallets remain secure and withdrawals continue as normal.
š¬ Is this the biggest crypto hack of 2025? Should exchanges improve security measures?
š„ Like & Follow for real-time crypto security updates! š
#CryptoHack #SecurityBreach #CyberSecurity #altcoins #bitcoin
šØ SECURITY ALERTšØ
Bybit CEO Confirms HackāHereās the Most Affected Altcoin!
Bybit has suffered a major security breach, with hackers stealing $1.46 billion in crypto and transferring it to their wallets.
š What Happened?
Blockchain security firms detected unauthorized withdrawals from Bybit just minutes ago.
Hackers exploited an ETH multisig cold wallet, gaining full control and draining funds.
The stolen assets were quickly converted into sETH, suggesting an attempt to launder the funds.
š¢ Bybit CEOās Response:
Confirmed that only Ethereum (ETH) wallets were affected.
Stated that other cold wallets remain secure and withdrawals continue as normal.
š¬ Is this the biggest crypto hack of 2025? Should exchanges improve security measures?
š„ Like & Follow for real-time crypto security updates! š
#CryptoHack #SecurityBreach #CyberSecurity #altcoins #bitcoin
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