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Cryptocurrency News

Location American Cryptocurrency News for 22 February 2025
North Korea's Lazarus Group's Sophisticated Tactics Behind $1.46B Bybit Crypto Heist North Korea's Lazarus Group, a state-backed hacking collective renowned for its technical sophistication, executed the largest cryptocurrency theft in history by stealing $1.46 billion from Bybit, investigators confirmed...
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Lazarus Group consolidates Bybit funds into Phemex hacker wallet Onchain evidence following the $1.4 billion Bybit hack has linked North Korea's Lazarus Group to the Phemex hack in January, according to ZachXBT.
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Bybit Faces Historic Withdrawals--350K Requests and Counting Bybit scrambled to process over 350,000 withdrawal requests after a massive hack, with executives calling it possibly the worst financial breach ever. Bybit in Crisis Mode—350,000 Withdrawals Flood the System Ben Zhou,...
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NFT Market Revives: 11.6% Weekly Leap as Ethereum Outpaces Rivals The non-fungible token (NFT) market exhibited a noticeable resurgence in transactional activity from Feb. 15 to 22, with digital collectible purchases climbing 11.60% above the preceding week’s totals. NFTs Rebound: 64...
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Report: SEC Concludes Opensea Probe, Drops Enforcement Threat Over NFTs The U.S. Securities and Exchange Commission (SEC) has reportedly ended its investigation into Opensea and will not pursue enforcement action against the non-fungible token (NFT) marketplace over allegations that its NFTs...
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Bybit's Hack Handling Earns Commendation From Former Binance CEO A $1.4 billion hack at Bybit prompted former Binance CEO Changpeng Zhao, known as CZ, to commend Bybit's chief executive, Ben Zhao, for his transparent and measured response. Massive Bybit Hack Spurs CZ to Warn: 'We Shou...
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Ethereum's $1.4B Heist: Roll Back the Blockchain or Face the Music? Vitalik's 2016 Dilemma Returns Following the massive Bybit hack on Feb 21, 2025, in which hackers stole about $1.4 billion worth of ethereum (ETH) from the exchange’s cold wallet, a contentious debate has emerged within the crypto community regardin...
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Security execs weigh in on 'staggering' scale of record Bybit hack The record-breaking $1.4 billion Bybit hack displays the "increasingly creative exploits" seen in the crypto industry, Halborn's co-founder told Cointelegraph.
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Lazarus Group moves funds to multiple wallets as Bybit offers bounty The $1.4 billion hack represents the single biggest crypto heist in history as the North Korean Lazarus hacking group strikes again.
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In pictures: Bybit's record-breaking $1.4B hack

Coin Telegraph - 22 Feb 2025 17:27
In pictures: Bybit's record-breaking $1.4B hack From rapid withdrawals to social media's real-time breakdown, here's how Bybit's record-breaking $1.4 billion hack took shape.
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Bitcoin Price Analysis: Bulls Fight for Control as Bears Threaten a Massive Sell-Off Bitcoin is trading at $96,688 with a market capitalization of $1.91 trillion and a 24-hour trading volume of $44.88 billion, moving within an intraday range of $94,805 to $99,262 as technical indicators suggest consolida...
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Blockchain's next big breakthroughs: What to watch

Coin Telegraph - 22 Feb 2025 17:00
Blockchain's next big breakthroughs: What to watch The post-Bitcoin halving period brings new opportunities and challenges that will shape the future of decentralized technology and its influence on global markets.
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XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels XRP presently hovers at $2.58 per token, boasting a $149 billion market valuation and $4.66 billion in daily trading activity. Over the past 24 hours, its value has oscillated between $2.52 and $2.69, lingering 24.1% ben...
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Survey: 62% of FTX Creditors Flock to Solana Amid Reimbursement A survey of FTX creditors reveals a strong inclination to reinvest their repayments in cryptocurrencies, with solana (SOL) being the most popular choice. FTX Creditors’ Love Affair With Solana A new survey found that 7...
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Is Bitcoin a good investment for retirement?

Coin Telegraph - 22 Feb 2025 12:35
Is Bitcoin a good investment for retirement? Find out the potential advantages and risks of incorporating Bitcoin into your retirement portfolio and whether it's a viable long-term investment option in 2025.
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Safemoon's Former CTO Pleads Guilty to Fraud

Bitcoin.com - 22 Feb 2025 12:30
Safemoon's Former CTO Pleads Guilty to Fraud The guilty plea is the latest development in one of crypto's most scandalous fraud schemes that left an $8 billion project bankrupt. Former Executive of Defunct Crypto Firm Safemoon Enters Guilty Plea Thomas "Papa" Smith...
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Bybit exploit exposes security flaws in centralized crypto exchanges The $1.4 billion hack was caused by similar attack vectors as the $230 million WazirX hack and the $58 million Radiant Capital hack, according to Cyvers.
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Bitcoin and Ether ETFs Debut on ASX as Betashares Partners With Bitwise The launch of bitcoin and ether ETFs on the Australian Securities Exchange (ASX) by Betashares provides Australian investors with a regulated and accessible way to gain exposure to digital assets. Betashares Expands Cryp...
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Strike Launches Callback Phone Support

Bitcoin.com - 22 Feb 2025 09:30
Strike Launches Callback Phone Support Bitcoin payments firm Strike now offers callback phone support to its verified U.S. customers. "We know that sometimes a phone conversation is the most effective way to get the help you need," the company said when it of...
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Bybit Payroll Heist: Nearly 10 Years in Prison for $5.7M Crypto Theft A Bybit payroll fraud scheme funneled $5.7 million into a worker’s personal wallets, funding luxury splurges before authorities uncovered the deception and issued a prison sentence. Bybit Crypto Payroll Fraud Leads to ...
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ECB Expands Digital Asset Settlement--A Major Shift in European Finance The European Central Bank is advancing its digital asset settlement strategy, aiming to streamline transactions, enhance security, and strengthen financial stability across European markets. Digital Asset Settlement Tran...
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Russia's Supreme Court Moves to Classify Crypto as Property Russia's Supreme Court is pushing to classify cryptocurrency as property in penal cases, aiming to strengthen law enforcement's ability to track, freeze, and confiscate illicit digital assets. Russia's Supreme Court Adva...
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