The Hackers behind the Bybit Heist have successfully laundered $224 million from the $1.46 billion windfall they pulled from the exchange.  The Hackers who stole 499,000 ETH have laundered 89,500 ETH ($224M) in the past two and a half days.  The amount of money laundered makes up 18% of the total cash stolen from the…

Sam Bankman Fried, the jailed founder of the FTX exchange, caused a stir in the crypto community by tweeting from prison for the first time.  The former crypto billionaire, serving a 25-year jail sentence, shared some posts on his verified X page, making a case for government employees getting laid off under Donald Trump’s orders. …

According to a press release by the Securities and Exchange Commission, Grayscale Investments filed for a Spot Cardano Exchange Traded Funds (ETF).  The SEC announced the filing on their official website, giving details on Grayscale Investments, who also own Bitcoin and Ethereum ETFs  The filing pushes Cardano into the same category of altcoins under consideration…

Safe Wallet, Bybit’s security partner, upgraded its infrastructure following the Bybit Hack, which cost the exchange $1.46 billion.  Safe (Wallet), a multi-signature wallet provider, announced that it was temporarily removing the Native Ledger Integration, the exact feature that the hackers compromised.  Phased rollout within the next 24 hours The Safe{Wallet} team is working diligently…

Award-winning Sleuth ZachXBT has revealed a serious fraud problem on Coinbase, the largest crypto exchange in the United States.  The onchain Security Expert whose work has helped recover millions of lost crypto assets believes the Coinbase exchange is quickly becoming a fraud hotbed.  ZachXBT revealed that Coinbase Users lose $150 million to theft only. He…

Ben Zhou, Co-Founder and CEO of Bybit revealed that the Exchange received over 350,000 withdrawal requests since yesterday when it lost $1.46 billion to a hack.  Bybit completed an impressive 99% of the said withdrawal requests with over 2000 requests pending at the time of the report.  Ben Zhou shared the information on his X…

The Asian crypto community has rallied around the Bybit team as they navigate what is arguably the biggest hack ever in the Finance Space.  Binance and Bitget, both Asian-led Exchanges, donated a collective 50,000 ETH to Bybit in the aftermath of the hack that saw the exchange lose $1.46 billion.  Gracy Chen, CEO of Bitget,…