A massive $1.5B hack at Bybit cryptocurrency exchange marks a shift from smart contract vulnerabilities to operational security failures, attributed to North Korean state actors. The attackers compromised multiple signers' devices and manipulated wallet interfaces, highlighting the urgent need for enhanced operational security measures in the cryptocurrency industry.
Cryptocurrency exchange Bybit faced a significant security breach with $1.46 billion in suspicious outflows, marking potentially the largest crypto hack in history. The incident involved the transfer of 401,346 ETH and other staked ether variants to a new wallet, which is now liquidating assets on decentralized exchanges. CEO Ben Zhou confirmed the hack while assuring that other cold wallets remain secure and withdrawals are functioning normally.
Argentine president Javier Milei promoted a memecoin called Libra that reached a $4.4 billion market cap before crashing 95%. After alleged insiders pocketed $87M through liquidation, Milei deleted his promotional tweet and claimed he wasn't aware of the project's details. The incident caused ripple effects across the memecoin market, including a $500M drop in TRUMP token's value.
An analysis of a retraction request from Anchorage Digital's CEO regarding an article about debanking in the crypto industry, examining the validity of claims and professional conduct in financial journalism. The piece defends its original analysis while highlighting the broader implications of bank-crypto relationships and regulatory compliance.
A widespread fraud scheme involving used Seagate hard drives being sold as new has been detected globally, with evidence pointing to their origin in Chinese Chia farming operations. The fraudsters reset SMART values on used drives with extensive runtime hours, though FARM values remain unmodified, affecting customers worldwide through various distribution channels including official dealers.