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🚨JUST IN: BINANCE EX-CEO CZ SPEAKS CONCERNING MARKET DOWNSLIDE, "DIPS ARE A PART OF FREE MARKETS." SAYS, "IF YOU ARE STRESSED ABOUT IT, YOU PROBABLY SHOULD REDUCE YOUR INVESTMENT SIZE."

#BYBIT HACKERS LAUNDERED 18% OF STOLEN ETH: DETAILS...

- Hackers behind the Bybit exchange breach have already laundered 89,500 ETH ($224M) in just 2.5 days, according to on-chain analyst #EmberCN

- This represents 18% of the total 499,000 ETH stolen. The attack is now one of the largest crypto heists in history, with evidence pointing to North Korea-linked cybercriminals.

HOW THE BYBIT HACK UNFOLDED

Initial Compromise via Social Engineering:

- Hackers phished Bybit’s cold wallet signers, tricking them into approving malicious transactions.
- This allowed attackers to replace Bybit’s multi-signature wallet implementation contract with a fraudulent one.

Unauthorized Transfers:

- The attackers intercepted a routine transfer from Bybit’s cold wallet to its hot wallet.
- They managed to reroute 401,000 ETH (~$1.5 billion at the time) to their own addresses.

Asset Dispersion via Intermediary Wallets:

- The stolen #ETH was moved through multiple wallets to obscure its origins.
- Blockchain analysts flagged suspicious transactions consolidating with funds from other North Korea-linked attacks.

Conversion and Laundering Tactics:

- The hackers used Thor Chain for cross-chain transactions. They converted stolen #ETH into #BTC and DAI using decentralized exchanges (DEXs) and no-KYC swap services.

Strategic Laundering & Dormant Funds:

- A large portion of the stolen funds remains idle across different addresses. - This is a common North Korean tactic—they wait for heightened scrutiny to subside before moving more assets.

According to crypto crime reports, North Korean hackers stole:

- $660.5M across 20 incidents in 2023.
- $1.34B across 47 attacks in 2024 (a 102.88% increase).
- The Bybit exploit alone exceeded North Korea’s total crypto theft for all of 2024.

- Authorities and blockchain analysts are tracking the remaining 410,000 ETH, which the hackers may launder in the next 15 days. Efforts to freeze or recover stolen funds are underway.

Images: Bybit X platform and created by BSCN using AI
$BTC
$ETH

$ALPACA people are forcefully trying to change a market today many will be losing there penny

$ALPACA these people are crazy they still investigating there money

$ALPACA same thing is going to happen two days continuously until it removes so be ready and wait for next day to come

$ALPACA IN a 1 minutes whole market gonna change 😂😂😂

$ALPACA how many are there purchasing this shit right it's bigger than other bulls

$ALPACA people are going crazy right now they are converting there other crypto currency because of this coin other are still dropping but only this one is growing it has only two days left so maybe they only trying there luck

$INIT whole market getting sudden drop I don't know why is this happening is someone hacking again the bulls like the last time

$OM is this how you burn 150 million coins. please someone explain me is this how it works . It should've been going upward not dropping the price again and again

$INIT time to go back

$OM back to old position waiting for strike

$INIT is it going back plz go back bro

$OM this is for hatters have a good day

$OM time to fly

$OM the truth of crunt state of this coin when the whole market goes down then the so-called hatters who always bad mouth about this coin start investing in this coin and when the market got it's pace and look normal then they start sailing all of there coin and start there investing in bulls coin and start bad mouthing again these people are the real reason of the crunt conditions

$OM when whole market is down this coin trying to regain his previous place time to buy right now

$OM finally in this past days there was not a single response from the coin today's movement are looking good hope it will take a good position today

$OM which one is leading the market

$OM same pattern are everywhere