I am Founder of software development company Named ww.creativesoftbd.com.I love Decentralization Crypto currency and want to launch Token in Binance. Stay tune
$ETH $1.5 Billion Stolen in Historic Cyber Heist on Bybit Crypto Exchange
In a massive cybersecurity breach, Dubai-based cryptocurrency exchange Bybit has suffered one of the largest crypto heists in history, with hackers stealing approximately $1.5 billion worth of Ethereum. Analysts describe this as the biggest digital theft ever recorded.
How the Hack Happened
The breach reportedly took place during a routine transfer from Bybit's cold wallet (offline storage) to a warm wallet (used for daily transactions). Hackers manipulated the transaction and took control of the cold wallet, siphoning off approximately 401,000 Ethereum into an unknown address.
Bybit's Response
Bybit's CEO, Ben Zhou, assured customers that all client assets remain backed on a 1:1 basis. Withdrawals and unaffected wallets remain secure, though some delays may occur due to high withdrawal requests. Bybit is actively working with blockchain security experts to trace the stolen funds and has launched a bounty program, offering up to 10% of any recovered amount to ethical hackers who assist in the investigation.
Who Is Behind the Attack?
Blockchain analytics firms have suggested that the notorious Lazarus Group, a North Korean state-backed hacking collective, could be responsible for the attack. However, an official confirmation is still pending.
Impact on the Crypto Market
Following the breach, Ethereum’s price temporarily dropped by around 4%, highlighting the ongoing risks associated with cryptocurrency exchanges. This incident adds to a growing list of crypto thefts, with over $2.2 billion stolen from digital platforms in 2024 alone.
Bybit has pledged to strengthen its security measures to prevent future attacks and maintain trust within the crypto community.
$BTC Bitcoin ($BTC ) remains the king of cryptocurrencies and plays a dominant role in the entire market. Recently, BTC has shown both strength and volatility due to various global events including FOMC decisions, ETF developments, and institutional interest. My current strategy focuses on analyzing support-resistance zones and using proper risk management while trading BTC futures. Despite the short-term fluctuations, the long-term outlook for BTC remains bullish, especially with increasing adoption and halving cycles. I believe $BTC is not just a coin but a revolutionary digital asset that continues to reshape the financial landscape. I’m closely monitoring price actions for my next entry.
#FOMCMeeting The recent #FOMCMeeting has significantly impacted the crypto and global financial markets. Investors were closely watching the Federal Reserve's stance on interest rates and inflation. As expected, the Fed decided to hold rates steady, but the tone was cautious, hinting at potential rate hikes if inflation persists. This announcement created volatility in major cryptocurrencies and traditional assets. As a trader, I always track FOMC updates to adjust my strategy according to the market sentiment. Whether it's BTC, ETH, or altcoins, the influence of macroeconomic policies is undeniable. Staying informed about such economic decisions is key to long-term success in trading.
$ETH Ethereum ($ETH ) is more than just a cryptocurrency—it's the foundation of decentralized finance (DeFi), NFTs, and smart contracts. As the second-largest blockchain after Bitcoin, Ethereum supports thousands of dApps, making it a key player in the crypto space. With the shift to Ethereum 2.0 and Proof-of-Stake, it has significantly reduced energy consumption while increasing scalability and security. ETH remains a top choice for developers, investors, and institutions due to its vast ecosystem. Whether you're trading ETH/USDT or holding long-term, it's crucial to stay updated on network upgrades, gas fees, and layer-2 solutions like Arbitrum and Optimism.
#CryptoRoundTableRemarks Round table discussions in the crypto community provide deep insights into market trends, policy developments, and project evaluations. These gatherings often feature experienced traders, developers, and thought leaders who share real-time analysis and future outlooks. Listening to different perspectives sharpens your understanding and encourages critical thinking. Whether it’s DeFi trends, blockchain scalability, or security concerns, these sessions often reveal opportunities and warnings. Participate actively if possible—ask questions and contribute ideas. Engaging in the community through such discussions keeps you informed and sharpens your strategic thinking. In the fast-paced world of crypto, shared knowledge is a powerful resource.
#TradingTools101 Having the right tools is critical for successful crypto trading. Essential tools include charting software (like TradingView), portfolio trackers, crypto news aggregators, and risk management calculators. Bots and automation platforms help manage repetitive tasks or implement strategies like grid trading. Alerts and signal services can keep you updated on key market movements. Always verify the reliability of tools before use—especially third-party bots. Good tools enhance your efficiency, minimize errors, and improve decision-making. Combined with strong analysis and a disciplined approach, these tools can give traders an edge in the highly volatile crypto market. Stay updated and use them wisely.
#CryptoCharts101 Crypto charts are essential tools for understanding market trends and making informed trades. Candlestick charts, for example, display open, close, high, and low prices, helping traders identify patterns like bullish engulfing or head and shoulders. Indicators such as RSI, MACD, and moving averages assist in spotting overbought or oversold conditions. Volume analysis shows the strength behind price movements. Mastering chart reading allows traders to predict possible price actions and enter or exit trades strategically. Start with basic trendlines, support/resistance levels, and gradually explore advanced technical analysis tools. Charts aren’t perfect predictors, but they give structure to your trading decisions.$BTC
#TradingMistakes101 Many crypto traders make common mistakes that lead to unnecessary losses. One major error is trading without a plan or emotional trading—letting fear or greed dictate decisions. Others include over-leveraging, not using stop-loss orders, or blindly following hype without research. Avoid chasing pumps or holding on to losing trades hoping for a miracle. Failing to diversify is another risk. Always do your own research (DYOR) and keep learning. Mistakes are part of the journey, but identifying and correcting them is key to long-term success. Discipline, strategy, and risk management can make a huge difference in trading outcomes.
#TradingMistakes101 Many crypto traders make common mistakes that lead to unnecessary losses. One major error is trading without a plan or emotional trading—letting fear or greed dictate decisions. Others include over-leveraging, not using stop-loss orders, or blindly following hype without research. Avoid chasing pumps or holding on to losing trades hoping for a miracle. Failing to diversify is another risk. Always do your own research (DYOR) and keep learning. Mistakes are part of the journey, but identifying and correcting them is key to long-term success. Discipline, strategy, and risk management can make a huge difference in trading outcomes.
#CryptoFees101 Understanding crypto fees is essential for effective trading. These fees vary by exchange and include maker/taker fees, withdrawal fees, and gas fees for blockchain transactions. Lower fees can mean higher profits, especially for frequent traders. Always check the fee structure before trading and explore VIP or loyalty programs that may reduce costs. Some platforms offer zero-fee trading events or reduced rates for holding specific tokens. Fee optimization is as important as good trading strategy. Using limit orders instead of market orders can also help reduce fees. Every small saving adds up, so always factor fees into your trading decisions.