Lumyna
🚀 Your go-to source for crypto, Web3, and blockchain news. Breaking stories, deep insights, and market trends—stay ahead with Lumyna.
0 Following
23 Followers
20 Liked
0 Shared
Massive Crypto Losses in February: Bybit Hack Leads $1.61 Billion in Security Incidents
March 05, 2025 – 01:10 AM PST
The cryptocurrency world faced a tumultuous February, with a staggering $1.61 billion lost across 22 significant security incidents, according to a detailed report from Lumyna. The most headline-grabbing of these breaches was a colossal $1.5 billion hack targeting the Bybit exchange, underscoring the persistent vulnerabilities within the Web3 ecosystem.Beosin, a prominent blockchain security firm, released its February Security Report on March 4, outlining the scale
The cryptocurrency world faced a tumultuous February, with a staggering $1.61 billion lost across 22 significant security incidents, according to a detailed report from Lumyna. The most headline-grabbing of these breaches was a colossal $1.5 billion hack targeting the Bybit exchange, underscoring the persistent vulnerabilities within the Web3 ecosystem.Beosin, a prominent blockchain security firm, released its February Security Report on March 4, outlining the scale
Trump Accused of Masterminding "Biggest Crypto Rug Pull Ever" as Schiff Demands Congressional Probe
#TRUMP #BTC走势分析
March 3, 2025 – In a bombshell accusation rocking the crypto world, notorious Bitcoin skeptic Peter Schiff has pointed the finger at President Donald Trump, claiming he orchestrated “the biggest crypto rug pull of all time.” Schiff, a vocal anti-crypto economist, is now calling on Congress to launch a full-scale investigation into what he alleges was a deliberate pump-and-dump scheme that sent the cryptocurrency market into a tailspin.
The controversy erupted after a wild 48-h
March 3, 2025 – In a bombshell accusation rocking the crypto world, notorious Bitcoin skeptic Peter Schiff has pointed the finger at President Donald Trump, claiming he orchestrated “the biggest crypto rug pull of all time.” Schiff, a vocal anti-crypto economist, is now calling on Congress to launch a full-scale investigation into what he alleges was a deliberate pump-and-dump scheme that sent the cryptocurrency market into a tailspin.
The controversy erupted after a wild 48-h
JUST IN: Bybit Hacker Successfully Launders $1.4 Billion in Stolen Ethereum
March 3, 2025 – In a stunning development in the world of cryptocurrency, blockchain security firm PeckShield has reported that the hacker responsible for the massive Bybit exchange heist has fully laundered all 500,000 stolen Ethereum (ETH), valued at approximately $1.4 billion. The breach, which occurred on February 21, 2025, marked one of the largest crypto thefts in history.According to PeckShieldAlert, the hacker, widely believed to be linked to North Korea’s Lazarus Group, completed the la
@BYBIT CEO thinks the same
Quoted content has been removed
A Lesson Learned: My Experience with Solana in 2025In February 2025
I decided to dive into the trending cryptocurrency Solana (SOL), lured by its skyrocketing price of $221 and whispers of it hitting $400 by year-end. I’d read about its lightning-fast transactions and growing ecosystem, so I invested $1,000, expecting a smooth ride. Little did I know, I was in for a lesson on timing and research.
What Actually Happened?
I bought SOL during a peak hype cycle, right after a major partnership announcement. My wallet confirmed the purchase, and I felt invincible. B
What Actually Happened?
I bought SOL during a peak hype cycle, right after a major partnership announcement. My wallet confirmed the purchase, and I felt invincible. B
Bitdeer Boosts Bitcoin Holdings with $4 Million Purchase
Bitcoin mining company Bitdeer has made waves in the crypto space by increasing its Bitcoin holdings by 50 BTC, a move announced via a tweet today. According to a February 28 report from PANews, the Singapore-based firm purchased the coins at $81,475 each, totaling approximately $4.07 million. This acquisition brings Bitdeer’s total Bitcoin stash to 1,011 BTC, underscoring its confidence in the leading cryptocurrency’s long-term value.The purchase comes amid a dynamic market landscape, with Bitcoin’s price hovering around key levels and institutional interest steadily rising. Bitdeer, a Nasdaq-listed player known for its blockchain and high-performance computing innovations, continues to strengthen its position in the mining sector. This strategic accumulation aligns with the company’s broader growth efforts, including recent expansions like its $21.7 million power project acquisition in Alberta, Canada, aimed at vertical integration.Analysts see this as a bullish signal, reflecting Bitdeer’s belief in Bitcoin’s resilience despite market volatility. With its operational footprint spanning the U.S., Norway, and Bhutan, Bitdeer’s latest move could inspire other miners to bolster their treasuries. Investors are watching closely as the firm navigates 2025’s evolving crypto terrain.
Bitcoin mining company Bitdeer has made waves in the crypto space by increasing its Bitcoin holdings by 50 BTC, a move announced via a tweet today. According to a February 28 report from PANews, the Singapore-based firm purchased the coins at $81,475 each, totaling approximately $4.07 million. This acquisition brings Bitdeer’s total Bitcoin stash to 1,011 BTC, underscoring its confidence in the leading cryptocurrency’s long-term value.The purchase comes amid a dynamic market landscape, with Bitcoin’s price hovering around key levels and institutional interest steadily rising. Bitdeer, a Nasdaq-listed player known for its blockchain and high-performance computing innovations, continues to strengthen its position in the mining sector. This strategic accumulation aligns with the company’s broader growth efforts, including recent expansions like its $21.7 million power project acquisition in Alberta, Canada, aimed at vertical integration.Analysts see this as a bullish signal, reflecting Bitdeer’s belief in Bitcoin’s resilience despite market volatility. With its operational footprint spanning the U.S., Norway, and Bhutan, Bitdeer’s latest move could inspire other miners to bolster their treasuries. Investors are watching closely as the firm navigates 2025’s evolving crypto terrain.
JUST IN:
Fresh off Binance Launchpool, RedStone doubles down with World Chain. High-quality oracle data meets L2 innovation—expect DeFi on this network to level up fast. #CryptoNews #Blockchain #L2
Fresh off Binance Launchpool, RedStone doubles down with World Chain. High-quality oracle data meets L2 innovation—expect DeFi on this network to level up fast. #CryptoNews #Blockchain #L2
Interest-Bearing Stablecoins Set to Surge, Says OKG ResearchFebruary 27, 2025 – A recent analysis by OKG Research, reported by PANews on February 28, forecasts a significant rise in the market share of interest-bearing stablecoins over the next three to five years, potentially exceeding 10%. This projection follows the U.S. Securities and Exchange Commission’s (SEC) approval of Figure Markets’ launch of YLDS, the first interest-bearing stablecoin, marking a pivotal shift in the U.S. cryptocurrency regulatory landscape. Experts see this as evidence of the SEC moving from a "passive defense" stance to one of "proactive guidance."Unlike traditional stablecoins like USDT and USDC, which have yet to fully address regulatory hurdles, YLDS sidesteps key controversies surrounding U.S. stablecoin regulations by aligning with existing securities laws. This compliance-focused approach signals a maturing market and growing acceptance of innovative crypto assets by regulators. The approval is viewed as a milestone that could pave the way for broader adoption of interest-bearing stablecoins.Data highlights the rising popularity of these assets. Since 2024, the market capitalization of interest-bearing stablecoins within the Ethereum ecosystem has surged from 0.4% to approximately 5.4%. OKG Research predicts that, bolstered by the SEC’s green light, this sector could experience explosive growth, attracting significant institutional capital. The report suggests that these stablecoins may become a major asset class, second only to Bitcoin, in drawing large-scale investments.Figure Markets’ pioneering approval from the SEC underscores the potential for interest-bearing stablecoins to reshape the crypto market. As regulatory clarity improves, analysts anticipate a wave of innovation and investment, positioning these assets as a cornerstone of the evolving digital economy over the coming years. #StablecoinRatings
Lumyflix documentaries continues #BybitSecurityBreach If we cannot take security well, then we dont take out users seriously
See original
JUST IN: A leading crypto miner, bitdeer, has increased its Bitcoin portfolio—acquiring an additional 50 BTC for $4.82M. With total holdings now at 911 BTC as of February 23, 2025 (Singapore Time), the bold move has sparked speculation about a new wave of strategic accumulation in the digital asset space. #bitcoin
Just IN: Lumyna Media has uncovered a new cyber breach involving the ybit hackers and @Chainflip’s cross-chain exchange tool. In a rapid, orchestrated move just 40 minutes ago, the hackers transferred 5,000 ETH to multiple addresses. By exploiting Chainflip’s system—which is designed to convert ETH into other assets across various blockchains—the perpetrators managed to launder 205 ETH, effectively masking the illicit origins of the funds.
This incident has raised alarm bells within the crypto community, highlighting potential vulnerabilities in cross-chain operations. Chainflip’s innovative tool, while streamlining multi-asset transactions, appears to have provided an opening for sophisticated cybercriminals. Experts now caution that the inherent complexity of these platforms may inadvertently create security loopholes that bad actors can exploit.
In response, cybersecurity teams and crypto authorities are collaborating to trace the stolen assets and secure the compromised systems. Investors and users of decentralized finance platforms are advised to exercise heightened vigilance and review their security practices. This breach not only serves as a stark reminder of the persistent risks within the digital asset ecosystem but also underscores the urgent need for continuous improvements in blockchain security measures as the landscape evolve #BybitSecuritySearch https://etherscan.io/address/0x60e4c24542ed25f4623f4499af52be4efd2177a8
This incident has raised alarm bells within the crypto community, highlighting potential vulnerabilities in cross-chain operations. Chainflip’s innovative tool, while streamlining multi-asset transactions, appears to have provided an opening for sophisticated cybercriminals. Experts now caution that the inherent complexity of these platforms may inadvertently create security loopholes that bad actors can exploit.
In response, cybersecurity teams and crypto authorities are collaborating to trace the stolen assets and secure the compromised systems. Investors and users of decentralized finance platforms are advised to exercise heightened vigilance and review their security practices. This breach not only serves as a stark reminder of the persistent risks within the digital asset ecosystem but also underscores the urgent need for continuous improvements in blockchain security measures as the landscape evolve #BybitSecuritySearch https://etherscan.io/address/0x60e4c24542ed25f4623f4499af52be4efd2177a8
Login to explore more contents