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📉 Coinbase Stock Drops 7% Amid Cyberattack and SEC Probe
The world’s largest publicly listed crypto exchange, Coinbase, has been rocked by a damaging cyberattack and continued investigation from its SEC lawsuit just days before its S&P 500 debut.
The back-to-back setbacks have taken a massive toll on the Coinbase stock price, as it dropped over 7% in one trading session on Thursday.
The one-two punch of the Coinbase cyber attack and the SEC investigation sent COIN shares tumbling, even as the exchange is poised to join the S&P 500 index next week.
This milestone was expected to bolster credibility, but recent events have overshadowed the narrative.
On Wednesday, the Coinbase stock prices lost over 9% within 90 minutes of the opening bell.
Through the session, they gradually recovered, only to drop again and close at $244.4, almost $19 or 7.2% down from the previous close.
Cybersecurity analysts warn that crypto platforms, especially U.S. leaders like Coinbase, are increasingly becoming top targets.
A report from Chainalysis estimates that over $2.2 billion was stolen from crypto firms in 2024 alone.
Though passwords and crypto wallets were not compromised, attackers gained access to names, contact details, masked bank info, government ID images, and partial Social Security numbers.
Coinbase fired all employees involved and launched a $20 million bounty for information leading to the attackers’ arrest, vowing not to negotiate with the criminals. The CEO added that,
#CryptoRegulation #coinbase #CoinbaseExchange. #Hacked #HackerAlert
The world’s largest publicly listed crypto exchange, Coinbase, has been rocked by a damaging cyberattack and continued investigation from its SEC lawsuit just days before its S&P 500 debut.
The back-to-back setbacks have taken a massive toll on the Coinbase stock price, as it dropped over 7% in one trading session on Thursday.
The one-two punch of the Coinbase cyber attack and the SEC investigation sent COIN shares tumbling, even as the exchange is poised to join the S&P 500 index next week.
This milestone was expected to bolster credibility, but recent events have overshadowed the narrative.
On Wednesday, the Coinbase stock prices lost over 9% within 90 minutes of the opening bell.
Through the session, they gradually recovered, only to drop again and close at $244.4, almost $19 or 7.2% down from the previous close.
Cybersecurity analysts warn that crypto platforms, especially U.S. leaders like Coinbase, are increasingly becoming top targets.
A report from Chainalysis estimates that over $2.2 billion was stolen from crypto firms in 2024 alone.
Though passwords and crypto wallets were not compromised, attackers gained access to names, contact details, masked bank info, government ID images, and partial Social Security numbers.
Coinbase fired all employees involved and launched a $20 million bounty for information leading to the attackers’ arrest, vowing not to negotiate with the criminals. The CEO added that,
#CryptoRegulation #coinbase #CoinbaseExchange. #Hacked #HackerAlert
ترجمة
🚨 Breaking: Coinbase Suffers Cyberattack, Promises Reimbursement
Coinbase has fallen victim to a cyberattack, becoming the latest casualty in the growing crypto hacks.
In an unusually targeted attack, the criminals allegedly bribed and recruited rogue overseas support agents to gain access to users’ personal data.
Both Coinbase and its CEO, Brian Armstrong, issued statements outlining the impact and the countermeasures on Thursday morning.
The company claims that no sensitive data was breached, but the crypto exchange has pledged to reimburse any affected customers. In addition, the platform has launched a $20 million reward fund to track down the perpetrators.
Coinbase revealed the cyberattack on social media and shared that hackers targeted the personal data of Most Trusted Users (MTU). “No passwords, private keys, or funds were exposed.
Prime accounts are untouched,” Coinbase wrote on X.
The hackers allegedly sent an email to the exchange, demanding a ransom to keep the stolen data under wraps.
In response to the threat, CEO Brian Armstrong shared a video post, firmly stating, “No, we are not going to pay your ransom.”
Though they bribed customer support agents overseas, they failed to steal sensitive data, claims Coinbase.
Instead, they gained access to personal information, including customers’ names, addresses, and other contact details.
Brian suspected that the hackers could impersonate Coinbase executives to its users using the customer data gathered from the cyberattack.
#coinbase #Hack #Hacked
Coinbase has fallen victim to a cyberattack, becoming the latest casualty in the growing crypto hacks.
In an unusually targeted attack, the criminals allegedly bribed and recruited rogue overseas support agents to gain access to users’ personal data.
Both Coinbase and its CEO, Brian Armstrong, issued statements outlining the impact and the countermeasures on Thursday morning.
The company claims that no sensitive data was breached, but the crypto exchange has pledged to reimburse any affected customers. In addition, the platform has launched a $20 million reward fund to track down the perpetrators.
Coinbase revealed the cyberattack on social media and shared that hackers targeted the personal data of Most Trusted Users (MTU). “No passwords, private keys, or funds were exposed.
Prime accounts are untouched,” Coinbase wrote on X.
The hackers allegedly sent an email to the exchange, demanding a ransom to keep the stolen data under wraps.
In response to the threat, CEO Brian Armstrong shared a video post, firmly stating, “No, we are not going to pay your ransom.”
Though they bribed customer support agents overseas, they failed to steal sensitive data, claims Coinbase.
Instead, they gained access to personal information, including customers’ names, addresses, and other contact details.
Brian suspected that the hackers could impersonate Coinbase executives to its users using the customer data gathered from the cyberattack.
#coinbase #Hack #Hacked
ترجمة
🚨 Telegram Shuts Down $27B Crypto Crime Black Marketplace: Report 🛑
In a major crackdown on crypto crime, Telegram has shut down Haowang Guarantee, a massive $27 billion black marketplace.
In an announcement published on Tuesday, the ‘world’s largest-ever illicit online marketplace’ Haowang Guarantee revealed, “Since all our NFTs, channels, and groups were blocked by Telegram on May 13, 2025, Haowang Guarantee will cease operations from now on.”
Nogably, Haowang Guarantee was a massive Telegram-based black market catering to Southeast Asian customers, particularly crypto scammers and illicit online actors.
The platform allowed third-party vendors to sell various services and goods.
Reports of Telegram shutting down Haowang Guarantee spread today. The platform is said to have purged numerous accounts linked to the black market in a massive crackdown.
Significantly, this move could be linked to the blockchain analytics firm Elliptic’s research findings.
In July 2024, Elliptic shed light on the illicit activities orchestrated by Haowang Guarantee, which triggered an investigation into the marketplace.
According to the analyst, the dark marketplace “sells goods and services to fraudsters in South East Asia, including those responsible for so-called ‘pig butchering’ scams.” Addressing the platform as the largest darknet marketplace ever, Elliptic added, “With transactions totaling at least $27 billion (all in Tether’s USDT stablecoin), it is the largest illicit online marketplace to have ever operated.”
Adding more clues to the messaging platform-linked dark marketplaces, the analyst published a blog post on Tuesday. The post highlighted some similar smaller marketplaces like Xinbi.
In a related development, the Australian authorities blocked 90+ platforms allegedly linked to hacks and pig-butchering scams.
#Hacked #crime #marketplace #Telegram
In a major crackdown on crypto crime, Telegram has shut down Haowang Guarantee, a massive $27 billion black marketplace.
In an announcement published on Tuesday, the ‘world’s largest-ever illicit online marketplace’ Haowang Guarantee revealed, “Since all our NFTs, channels, and groups were blocked by Telegram on May 13, 2025, Haowang Guarantee will cease operations from now on.”
Nogably, Haowang Guarantee was a massive Telegram-based black market catering to Southeast Asian customers, particularly crypto scammers and illicit online actors.
The platform allowed third-party vendors to sell various services and goods.
Reports of Telegram shutting down Haowang Guarantee spread today. The platform is said to have purged numerous accounts linked to the black market in a massive crackdown.
Significantly, this move could be linked to the blockchain analytics firm Elliptic’s research findings.
In July 2024, Elliptic shed light on the illicit activities orchestrated by Haowang Guarantee, which triggered an investigation into the marketplace.
According to the analyst, the dark marketplace “sells goods and services to fraudsters in South East Asia, including those responsible for so-called ‘pig butchering’ scams.” Addressing the platform as the largest darknet marketplace ever, Elliptic added, “With transactions totaling at least $27 billion (all in Tether’s USDT stablecoin), it is the largest illicit online marketplace to have ever operated.”
Adding more clues to the messaging platform-linked dark marketplaces, the analyst published a blog post on Tuesday. The post highlighted some similar smaller marketplaces like Xinbi.
In a related development, the Australian authorities blocked 90+ platforms allegedly linked to hacks and pig-butchering scams.
#Hacked #crime #marketplace #Telegram
ترجمة
$230M WazirX Hack Hearing Today As Users Await Refund
WazirX users are on edge as a critical hearing is scheduled today. Following last year’s massive $230M WazirX hack, users have been eagerly awaiting justice and refunds.
With the Singapore High Court’s recovery plan hearing approaching, the investors are yearning for a resolution to the ordeal.
Notably, WazirX is one of the largest crypto exchanges in India, which faced a staggering $230 million (₹2000 crores) security breach on July 18, 2024. Following the incident, the platform froze over half of its user funds and suspended trading.
This move left users uncertain about the fate of their investments and the potential recovery timeline.
WazirX Hack Recovery Plan Hearing: What to Expect?
According to an X post shared by WaxirX on April 12, 2025, the Singapore court is set to hear the exchange’s recovery plan today (May 13). The exchange described this move as a crucial milestone in recovering stolen user funds. The X post read,
This marks an important step forward in our restructuring journey while staying on track with the timelines shared earlier. The Scheme will become effective once sanctioned by the Court and filed with the authorities, paving the way for the First Distribution within 10 business days.
The WazirX hack underscores the crypto industry’s vulnerability to escalating threats and thefts, emphasizing the need for robust security measures. Recently, German authorities seized $38 million in crypto from eXch, a platform linked to the $1.4 billion Bybit hack.
Since the $230M WaxirX hack, the company has been working on a recovery plan and submitted a restructuring proposal to the Singapore court in early 2025. With overwhelming support from users (93.4%), the exchange plans to reimburse 85% of the funds based on the amount previously frozen.
Thus, if the court approves the restructuring plan, WazirX will start distributing user funds within 10 business days. However, the remaining 15% still have no confirmed payout plan or timeline.
It is noteworthy that the WazirX development is unfolding in tandem with the crypto community’s anticipation of the XRP lawsuit settlement. While the XRP lawsuit nears final verdict, WazirX’s hearing today could just be a start of a long restructuring and recovery process.
#WazirX #Hacked #Hack #HackerAlert
With the Singapore High Court’s recovery plan hearing approaching, the investors are yearning for a resolution to the ordeal.
Notably, WazirX is one of the largest crypto exchanges in India, which faced a staggering $230 million (₹2000 crores) security breach on July 18, 2024. Following the incident, the platform froze over half of its user funds and suspended trading.
This move left users uncertain about the fate of their investments and the potential recovery timeline.
WazirX Hack Recovery Plan Hearing: What to Expect?
According to an X post shared by WaxirX on April 12, 2025, the Singapore court is set to hear the exchange’s recovery plan today (May 13). The exchange described this move as a crucial milestone in recovering stolen user funds. The X post read,
This marks an important step forward in our restructuring journey while staying on track with the timelines shared earlier. The Scheme will become effective once sanctioned by the Court and filed with the authorities, paving the way for the First Distribution within 10 business days.
The WazirX hack underscores the crypto industry’s vulnerability to escalating threats and thefts, emphasizing the need for robust security measures. Recently, German authorities seized $38 million in crypto from eXch, a platform linked to the $1.4 billion Bybit hack.
Since the $230M WaxirX hack, the company has been working on a recovery plan and submitted a restructuring proposal to the Singapore court in early 2025. With overwhelming support from users (93.4%), the exchange plans to reimburse 85% of the funds based on the amount previously frozen.
Thus, if the court approves the restructuring plan, WazirX will start distributing user funds within 10 business days. However, the remaining 15% still have no confirmed payout plan or timeline.
It is noteworthy that the WazirX development is unfolding in tandem with the crypto community’s anticipation of the XRP lawsuit settlement. While the XRP lawsuit nears final verdict, WazirX’s hearing today could just be a start of a long restructuring and recovery process.
#WazirX #Hacked #Hack #HackerAlert
$TRX OKX ضد جاستن صن🔥😱: دراما حول اختراق وتجميد 😳 تعرض حساب X الرسمي لشركة Tron للاختراق. ألغى المهاجم عقدًا مزيفًا، وطلب جاستن صن من OKX فورًا تجميد الأموال المرتبطة بالثغرة.
لكن الرئيس التنفيذي لشركة OKX، ستار شو، لم يرضَ بذلك.
كان رده: "لا يمكننا تجميد أموال المستخدمين بسبب تغريدة. هناك قوانين. هناك إجراءات."
يقول شو إن Sun لم تقدم طلبًا رسميًا قط. لا بريد إلكتروني. لا وثائق. لا قضية. مجرد رسائل مباشرة.
حتى أنه تحقق من مجلد البريد العشوائي. لا شيء حتى الآن.
ملخص:
• تم اختراق حساب X الخاص بشركة TRON DAO.
• أراد Sun من OKX تجميد الأموال بسرعة.
• قالت OKX: ليس دون اتخاذ إجراءات قانونية.
• يدّعي Sun الآن أنه سيراسل بشكل خاص.
في هذه الأثناء: تتزايد عمليات اختراق حسابات X في عالم العملات المشفرة - TRON، Kaito، Pump.fun، حتى أعضاء البرلمان البريطاني. النمط نفسه: اختراق، نشر احتيال، نشر رموز مزيفة.
هذا المجال يحتاج إلى مزيد من الأمان، وقليل من تبادل الاتهامات.
#Hack #HackerAlert #Hacked
💟💬 إدعمنا بالمتابعه إذا أعجبك المحتوى 💖💙💝
لكن الرئيس التنفيذي لشركة OKX، ستار شو، لم يرضَ بذلك.
كان رده: "لا يمكننا تجميد أموال المستخدمين بسبب تغريدة. هناك قوانين. هناك إجراءات."
يقول شو إن Sun لم تقدم طلبًا رسميًا قط. لا بريد إلكتروني. لا وثائق. لا قضية. مجرد رسائل مباشرة.
حتى أنه تحقق من مجلد البريد العشوائي. لا شيء حتى الآن.
ملخص:
• تم اختراق حساب X الخاص بشركة TRON DAO.
• أراد Sun من OKX تجميد الأموال بسرعة.
• قالت OKX: ليس دون اتخاذ إجراءات قانونية.
• يدّعي Sun الآن أنه سيراسل بشكل خاص.
في هذه الأثناء: تتزايد عمليات اختراق حسابات X في عالم العملات المشفرة - TRON، Kaito، Pump.fun، حتى أعضاء البرلمان البريطاني. النمط نفسه: اختراق، نشر احتيال، نشر رموز مزيفة.
هذا المجال يحتاج إلى مزيد من الأمان، وقليل من تبادل الاتهامات.
#Hack #HackerAlert #Hacked
💟💬 إدعمنا بالمتابعه إذا أعجبك المحتوى 💖💙💝
ترجمة
A known contact on TG reached out to me to ask for a chat. Scheduled a Zoom call. When I got on the Zoom, it asked me for camera access which I found a bit odd because I have used Zoom many times.
Even crazier, the team members had their cameras on. I could see their legit faces. Everything looked very real. But I couldn’t hear them. It said my Zoom needs an update. But it asked me to download a script file.
I immediately left. Messaged the guy on Telegram and told him to call me on TG to verify him. He then proceeded to erase all the messages and block me.
#Hacked #HackerAlert
Even crazier, the team members had their cameras on. I could see their legit faces. Everything looked very real. But I couldn’t hear them. It said my Zoom needs an update. But it asked me to download a script file.
I immediately left. Messaged the guy on Telegram and told him to call me on TG to verify him. He then proceeded to erase all the messages and block me.
#Hacked #HackerAlert
ترجمة
😱 Hackers breached the Instagram account of the Dior brand to promote another scam token on Solana.
The market capitalization of the Dior Coin (DIOR) token quickly soared to $1 million but just as quickly dropped to zero.
#Hacked #news #scamriskwarning #Dior #scam
The market capitalization of the Dior Coin (DIOR) token quickly soared to $1 million but just as quickly dropped to zero.
#Hacked #news #scamriskwarning #Dior #scam
ترجمة
AiXBT Hacked! $100K Ethereum Stolen – Is Your Crypto Safe?
AiXBT Security Breach: AI Crypto Trading System Hacked, $100,000 in Ethereum Stolen
On March 18, 2025, the AI-powered crypto trading platform AiXBT suffered a major security breach, resulting in the theft of 55.5 Ethereum (around $104,000). Following the attack, AiXBT's token price dropped by 6%, raising concerns about the security of AI-based trading platforms. (Source)
How the Attack Happened
Hacker Strategy: The attacker, identified as "FungusMan," exploited AiXBT’s secure dashboard and manipulated the AI into approving two fake transactions, resulting in the loss of 55.5 ETH.
Impact on Investors: Although AiXBT’s core trading system remained safe, investor confidence was shaken, causing a significant drop in AiXBT token value.
AiXBT’s Response
After detecting the breach, AiXBT took immediate action:
✔ Blocked the compromised access
✔ Reported the hacker’s wallet address
✔ Initiated a server migration to prevent future attacks
Key Takeaways for Investors
This incident highlights the risks of AI-driven trading systems and the importance of robust security measures. Investors should thoroughly research platform security before trusting AI-based financial services.
🔗 Read the full article here: Invezz
#AiXBTSecurityBreach #Hacked #AIXBTGrowth $AIXBT
AiXBT Security Breach: AI Crypto Trading System Hacked, $100,000 in Ethereum Stolen
On March 18, 2025, the AI-powered crypto trading platform AiXBT suffered a major security breach, resulting in the theft of 55.5 Ethereum (around $104,000). Following the attack, AiXBT's token price dropped by 6%, raising concerns about the security of AI-based trading platforms. (Source)
How the Attack Happened
Hacker Strategy: The attacker, identified as "FungusMan," exploited AiXBT’s secure dashboard and manipulated the AI into approving two fake transactions, resulting in the loss of 55.5 ETH.
Impact on Investors: Although AiXBT’s core trading system remained safe, investor confidence was shaken, causing a significant drop in AiXBT token value.
AiXBT’s Response
After detecting the breach, AiXBT took immediate action:
✔ Blocked the compromised access
✔ Reported the hacker’s wallet address
✔ Initiated a server migration to prevent future attacks
Key Takeaways for Investors
This incident highlights the risks of AI-driven trading systems and the importance of robust security measures. Investors should thoroughly research platform security before trusting AI-based financial services.
🔗 Read the full article here: Invezz
#AiXBTSecurityBreach #Hacked #AIXBTGrowth $AIXBT
ترجمة
🚨BREAKING $NEWS: NORTH KOREAN HACKERS HAVE STOLEN UP TO $1.3 BILLION IN CRYPTO THIS YEAR #Hacked #XmasCryptoMiracles #Crypto2025Trends #MarketRebound #BinanceLabsBacksUsual $BTC $BNB
ترجمة
Cybersecurity Wake-Up Call: Lessons from Bybit's $1.5B Breach. Market Analysis
The recent hack of Bybit Exchange on February 21, 2025 has once again highlighted the significant impact of cyber-attacks on the cryptocurrency market. This incident, which resulted in the theft of approximately $1.5 billion worth of Ethereum ($ETH ), stands as the largest digital heist in cryptocurrency history. Let's examine some interesting statistics and data surrounding cyber attacks in the crypto space and their consequences.
Scale and Frequency of Attacks and Market Impact
The Bybit hack is part of a worrying trend of increasing cyber attacks on cryptocurrency platforms. In 2024, North Korea-linked hackers alone stole approximately $1.34 billion in 47 incidents, a 102.88% increase from the $660.5 million stolen in 20 incidents in the previous year. The Bybit hack in 2025 has already surpassed the entire amount stolen by North Korea in 2024 by nearly $160 million.
The immediate market reaction to the Bybit hack demonstrated the volatility that such incidents can cause:
$ETH dropped 4.2% from $2,828 to $2,708 within minutes of the announcement.A brief rebound of 3.36% followed, bringing the price back to $2,759.
The initial drop in the $ETH price was followed by a quick rebound, fuelled by speculation. This speculation was based on the assumption that Bybit would have to buy back ETH on a 1:1 basis to compensate affected users.
Bybit has secured a bridging loan for 80% of the lost $ETH , as clarified by Bybit co-founder and CEO Ben Zhou during a live stream. He also stated that Bybit had no immediate plans to buy large amounts of ETH on the spot market. This news caused a rapid shift in market sentiment from bullish to bearish, due to concerns that the hacker would sell the stolen ETH and a general increase in risk aversion among investors.
Today we see a further decline in the ETH price that reflects a general market slow down.
Types of Cyber Attacks
While previous major hacks have often targeted vulnerabilities in smart contract code or cross-chain bridges, the Bybit incident represents a shift towards targeting the human element:
The attackers used social engineering tactics to compromise the exchange's user interface.They manipulated cold wallet signatories into authorising malicious transactions.
This trend is consistent with research showing a shift from traditional security attacks to more sophisticated methods.
In terms of the amount stolen by type of victim platform, 2024 also showed interesting patterns. In most quarters between 2021 and 2023, decentralized finance (DeFi) platforms were the main targets of crypto hacks. It's possible that DeFi platforms were more vulnerable because their developers tend to prioritize rapid growth and getting their products to market over implementing security measures, making them prime targets for hackers.
Although DeFi still accounted for the largest share of stolen assets in Q1 2024, centralized services were the most targeted in Q2 and Q3.
This shift in focus from DeFi to centralized services highlights the increasing importance of security mechanisms commonly exploited in hacks, such as private keys. Private key compromises accounted for the largest share of stolen crypto in 2024, at 43.8%. For centralized services, ensuring the security of private keys is critical as they control access to users' assets.
User Education: A Critical Component
While exchanges bear significant responsibility for security, user education plays a critical role. Comprehensive education initiatives should equip users with the knowledge to:
Create and manage strong, unique passwords.Recognize social engineering tactics and phishing attempts.Understand the importance of regular backups.
In conclusion, the Bybit hack is a stark reminder of the ongoing security challenges in the cryptocurrency space. As the market continues to grow, so too will the methods used by hackers. It is imperative that the industry stays ahead of the curve by adopting advanced technologies, fostering collaboration and continuously educating users. By implementing comprehensive security measures and remaining vigilant, we can work towards creating a safer environment for all participants in the crypto ecosystem.
#BinanceAlphaAlert
#SHELLAirdropOnBinance
#TraderProfile
#BybitSecurityIncident
#Hacked
Scale and Frequency of Attacks and Market Impact
The Bybit hack is part of a worrying trend of increasing cyber attacks on cryptocurrency platforms. In 2024, North Korea-linked hackers alone stole approximately $1.34 billion in 47 incidents, a 102.88% increase from the $660.5 million stolen in 20 incidents in the previous year. The Bybit hack in 2025 has already surpassed the entire amount stolen by North Korea in 2024 by nearly $160 million.
The immediate market reaction to the Bybit hack demonstrated the volatility that such incidents can cause:
$ETH dropped 4.2% from $2,828 to $2,708 within minutes of the announcement.A brief rebound of 3.36% followed, bringing the price back to $2,759.
The initial drop in the $ETH price was followed by a quick rebound, fuelled by speculation. This speculation was based on the assumption that Bybit would have to buy back ETH on a 1:1 basis to compensate affected users.
Bybit has secured a bridging loan for 80% of the lost $ETH , as clarified by Bybit co-founder and CEO Ben Zhou during a live stream. He also stated that Bybit had no immediate plans to buy large amounts of ETH on the spot market. This news caused a rapid shift in market sentiment from bullish to bearish, due to concerns that the hacker would sell the stolen ETH and a general increase in risk aversion among investors.
Today we see a further decline in the ETH price that reflects a general market slow down.
Types of Cyber Attacks
While previous major hacks have often targeted vulnerabilities in smart contract code or cross-chain bridges, the Bybit incident represents a shift towards targeting the human element:
The attackers used social engineering tactics to compromise the exchange's user interface.They manipulated cold wallet signatories into authorising malicious transactions.
This trend is consistent with research showing a shift from traditional security attacks to more sophisticated methods.
In terms of the amount stolen by type of victim platform, 2024 also showed interesting patterns. In most quarters between 2021 and 2023, decentralized finance (DeFi) platforms were the main targets of crypto hacks. It's possible that DeFi platforms were more vulnerable because their developers tend to prioritize rapid growth and getting their products to market over implementing security measures, making them prime targets for hackers.
Although DeFi still accounted for the largest share of stolen assets in Q1 2024, centralized services were the most targeted in Q2 and Q3.
This shift in focus from DeFi to centralized services highlights the increasing importance of security mechanisms commonly exploited in hacks, such as private keys. Private key compromises accounted for the largest share of stolen crypto in 2024, at 43.8%. For centralized services, ensuring the security of private keys is critical as they control access to users' assets.
User Education: A Critical Component
While exchanges bear significant responsibility for security, user education plays a critical role. Comprehensive education initiatives should equip users with the knowledge to:
Create and manage strong, unique passwords.Recognize social engineering tactics and phishing attempts.Understand the importance of regular backups.
In conclusion, the Bybit hack is a stark reminder of the ongoing security challenges in the cryptocurrency space. As the market continues to grow, so too will the methods used by hackers. It is imperative that the industry stays ahead of the curve by adopting advanced technologies, fostering collaboration and continuously educating users. By implementing comprehensive security measures and remaining vigilant, we can work towards creating a safer environment for all participants in the crypto ecosystem.
#BinanceAlphaAlert
#SHELLAirdropOnBinance
#TraderProfile
#BybitSecurityIncident
#Hacked
ترجمة
#bybit
Bybit Hack
On February 21, 2025
, Bybit,
a major cryptocurrency exchange, suffered a
significant hack that resulted in the theft of approximately
$1.5 billion
in digital assets, primarily Ethereum and related tokens.
The hackers exploited a cold wallet, leading to massive withdrawals and a
sell-off of Ethereum, with trading volume surging 60%.
Details of the Hack:
Amount Stolen:
Approximately $1.5 billion in ETH and related tokens.
Method:
The hackers used a deceptive interface to trick Bybit’s team into
authorizing a malicious transaction, which altered the smart contract logic
of the cold wallet.
Impact:
Bybit confirmed the hack and assured users that their assets are
secure and will be covered.
Investigation:
On-chain analyst ZachXBT provided evidence linking the hack to the
Lazarus Group, a North Korean hacker collective, and confirmed that the
same wallets used in the Bybit hack were also involved in the recent
Phemex breach.
Market Reaction:
The crypto market reacted negatively, with Bitcoin, XRP, and Dogecoin
experiencing significant drops in value.
Recovery Efforts:
Bybit CEO Ben Zhou stated that the exchange is solvent and can cover the
loss, as all client assets are 1 to 1 backed.
Efforts to recover the stolen funds are unlikely due to the nature of the hack
and the rapid dispersal of assets across multiple wallets.
Further Developments:
The incident has raised concerns about the security of cold wallets and the
potential for future attacks.
Crypto exchanges and users are advised to remain vigilant and
implement robust security measures.
#Write2Earn
#bybit
#TopVoices
#Hacked
Bybit Hack
On February 21, 2025
, Bybit,
a major cryptocurrency exchange, suffered a
significant hack that resulted in the theft of approximately
$1.5 billion
in digital assets, primarily Ethereum and related tokens.
The hackers exploited a cold wallet, leading to massive withdrawals and a
sell-off of Ethereum, with trading volume surging 60%.
Details of the Hack:
Amount Stolen:
Approximately $1.5 billion in ETH and related tokens.
Method:
The hackers used a deceptive interface to trick Bybit’s team into
authorizing a malicious transaction, which altered the smart contract logic
of the cold wallet.
Impact:
Bybit confirmed the hack and assured users that their assets are
secure and will be covered.
Investigation:
On-chain analyst ZachXBT provided evidence linking the hack to the
Lazarus Group, a North Korean hacker collective, and confirmed that the
same wallets used in the Bybit hack were also involved in the recent
Phemex breach.
Market Reaction:
The crypto market reacted negatively, with Bitcoin, XRP, and Dogecoin
experiencing significant drops in value.
Recovery Efforts:
Bybit CEO Ben Zhou stated that the exchange is solvent and can cover the
loss, as all client assets are 1 to 1 backed.
Efforts to recover the stolen funds are unlikely due to the nature of the hack
and the rapid dispersal of assets across multiple wallets.
Further Developments:
The incident has raised concerns about the security of cold wallets and the
potential for future attacks.
Crypto exchanges and users are advised to remain vigilant and
implement robust security measures.
#Write2Earn
#bybit
#TopVoices
#Hacked
ترجمة
JUST IN: Bybit crypto exchange hacked, $1.4 billion $ETH and $stETH stolen, ZachXBT reports.
#Eth #hacked #safeWallet
#Eth #hacked #safeWallet
ترجمة
Bybit Hackers Identified – North Korean Cybercriminals Behind $1.5B Theft! 🚨
Investigations confirm that Park Jin Hyok, a North Korean computer engineer linked to the Lazarus Group, played a key role in the $1.5 billion Bybit hack. The notorious cybercrime syndicate has been responsible for some of the biggest crypto heists in history!
🔎 Key Findings:
• Blockchain analyst ZachXBT, in collaboration with Arkham Intelligence, traced stolen funds back to Lazarus-linked wallets.
• The same group was previously linked to the $70M Phemex attack in January 2025.
• Lazarus continues to exploit crypto exchanges, DeFi platforms, and bridge protocols, targeting weak security systems.
🔥 What This Means for Crypto?
With North Korean state-sponsored hackers intensifying their attacks, crypto traders and exchanges must prioritize security to prevent future breaches. Regulators are closely watching!
💡 Pro Tip: Always use hardware wallets, enable 2FA, and avoid interacting with unknown smart contracts to keep your assets safe!
#BinanceAirdropAlert
#Hacked
Investigations confirm that Park Jin Hyok, a North Korean computer engineer linked to the Lazarus Group, played a key role in the $1.5 billion Bybit hack. The notorious cybercrime syndicate has been responsible for some of the biggest crypto heists in history!
🔎 Key Findings:
• Blockchain analyst ZachXBT, in collaboration with Arkham Intelligence, traced stolen funds back to Lazarus-linked wallets.
• The same group was previously linked to the $70M Phemex attack in January 2025.
• Lazarus continues to exploit crypto exchanges, DeFi platforms, and bridge protocols, targeting weak security systems.
🔥 What This Means for Crypto?
With North Korean state-sponsored hackers intensifying their attacks, crypto traders and exchanges must prioritize security to prevent future breaches. Regulators are closely watching!
💡 Pro Tip: Always use hardware wallets, enable 2FA, and avoid interacting with unknown smart contracts to keep your assets safe!
#BinanceAirdropAlert
#Hacked
ترجمة
🏴☠️ Los hackers de Bybit vendieron los 499,000 #ETH , y todo el proceso tomó 10 días.
THORChain, el canal principal utilizado por el hacker para lavar dinero, recibió $5.9 mil millones en volumen de transacciones y $5.5 millones en comisiones.
👑 #THORChain #HackerAlert #BybitSecurityBre #Hacked $ETH $RUNE
THORChain, el canal principal utilizado por el hacker para lavar dinero, recibió $5.9 mil millones en volumen de transacciones y $5.5 millones en comisiones.
👑 #THORChain #HackerAlert #BybitSecurityBre #Hacked $ETH $RUNE
ترجمة
🚨OKX #SLAPS BACK AT JUSTIN SUN OVER #STOLEN FUNDS FREEZE DRAMA
🔹Tron’s X account #hacked ; malicious contract posted, DMs sent.
🔹Justin Sun claims OKX ignored a law enforcement freeze notice.
🔹OKX #CEO Star Xu denies receiving any such request—even checked spam folder.
🔹Xu: “We need legal process, not personal posts or oral requests.”
🔹OKX demands proof of request, while Sun deletes key posts.
🔹Part of ongoing trend of high-profile crypto X hacks (e.g., Kaito AI, Pump.fun).
$TRX
🔹Tron’s X account #hacked ; malicious contract posted, DMs sent.
🔹Justin Sun claims OKX ignored a law enforcement freeze notice.
🔹OKX #CEO Star Xu denies receiving any such request—even checked spam folder.
🔹Xu: “We need legal process, not personal posts or oral requests.”
🔹OKX demands proof of request, while Sun deletes key posts.
🔹Part of ongoing trend of high-profile crypto X hacks (e.g., Kaito AI, Pump.fun).
$TRX
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