The North Korean cybercrime unit may be behind some of the recent memecoin rug pulls on Solana.
The $1.4 billion hack represents the single biggest crypto heist in history as the North Korean Lazarus hacking group strikes again.
Bybit’s assets fell by more than $5B after its $1.4 billion hack on Feb. 21, but independent audits confirm its reserves still exceed liabilities, ensuring full backing for user funds.
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.
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.
Newly launched funds holding Bitcoin and Ether have so far seen scant interest from investors.
When it comes to crypto, value is determined by price, utility and users. Based on these metrics, is Solana or Ethereum winning the battle to be the best blockchain?
According to Ethena Labs, the USDe stablecoin’s exposure to Bybit via derivatives is more than offset by its reserve fund.
This time, the season will be likely driven by stablecoin holders, rather than a rotation out of Bitcoin, he said.
Argentina's Libra scandal continues to unfold, and Bitcoin’s two-month crab walk has raised “price suppression” concerns among industry leaders, such as Samson Mow.