Ethereum News Daily Official TheBitTimes.com

Nearly a month after the $1.4 billion hack on Bybit, the majority of the stolen funds remain traceable. Even as the hackers have stepped up their efforts by using multiple crypto mixers to obscure their tracks, according to an executive summary released by the exchange’s CEO Ben Zhou. Blockchain investigations have confirmed that the infamous North Korean Lazarus Group is behind the cyber heist, which now stands as the largest single crypto exchange hack in history. 3.20.25 Executive Summary on Hacked Funds: Hacker started to use mixers: 1. Wasbi 2. CryptoMixer 3. Railgun 4. TornadoCash Total hacked funds of USD 1.4bn around 500k ETH. 88.87% remain traceable, 7.59% have gone dark, 3.54% have been frozen. Breakdown: – 86.29% (440,091 ETH,… — Ben Zhou (@benbybit) March 20, 2025 Breakdown of Bybit’s stolen funds On February 21, Bybit lost over $1.4 billion worth of digital assets, including liquid-staked Ether (stETH), Mantle Staked ETH (mETH), and ot...

The cryptocurrency market is facing one of its most significant corrections of the last few months. Bitcoin (BTC) has fallen to the $86,000 price level. The global crypto market cap has dipped 3.9% in the last 24 hours to $2.98 trillion. VeChain (VET) has also experienced a significant price dip in the market-wide correction. Also Read: Trump’s 25% EU Tariffs Cause Bitcoin to Tumble—How Will Crypto React? Source: CoinGecko VeChain Suffers Amid Market-Wide Chaos Source: Moneycontrol.com VET’s price is down 9.9% in the weekly charts, 14.8% in the 14-day charts, 35.4% in the monthly charts, and 40.2% over the previous year. Despite the big losses, the asset has gained 0.9% in the daily charts. The latest market rally follows the US administration’s decision to go ahead with its tariffs against Canada and Mexico. The tariffs aim to combat trade deficits and illegal border crossings. VET and other crypto assets have likely suffered from the negative impact the tariffs have had on...

Polychain Capital, a firm concentrating on cryptocurrency investments, has confirmed that the X account of its founder and CEO, Olaf Carlson-Wee, has been hacked . The breach was uncovered on Jan. 4 when Carlson-Wee’s account started promoting a fake airdrop for Polychain’s native token, PCHAIN. The hacker claimed the airdrop was part of Polychain’s New Year celebration, with the post including links that led to a phishing website. However, soon after Polychain discovered the breach, it put out a statement acknowledging the hack and warning users against interacting with Carlson-Wee’s X account until further notice.  Important Notice: Olaf’s personal twitter (@zxocw) has been compromised. Please do not engage with this handle until further notice. — Polychain (@polychain) January 4, 2024 The account , with more than 19,000 followers, has reportedly been retrieved, and the offending post deleted — but not without more than 40,000 X users viewing it. It is yet to be dis...

Crypto platform Telcoin has seemingly experienced a significant security breach, resulting in the apparent theft of millions of TEL tokens. Although the nature of the exploit remains unclear, hackers have managed to withdraw millions of TEL tokens, nosediving the token’s price by 40% to $0.0013, according to CoinGecko data. In an X post on Dec. 26, Telcoin confirmed issues with its Telcoin App, without elaborating on the matter. We are aware of the situation with the Telcoin App. We have temporarily frozen use of the app while we look into the issue, and will provide an update as soon as we can. — Telcoin (@telcoin) December 25, 2023 In response to the incident, the company has temporarily suspended the app’s usage to conduct a thorough investigation. The project’s team reassured users that they are working on resolving the issue, promising to provide updates as soon as possible. You might also like: Major crypto hacks of 2023: how industry lost ov...

SlowMist reveals a sophisticated APT attack by North Korea’s Lazarus Group targeting the cryptocurrency industry. Blockchain security firm SlowMist has recently revealed an alarming revelation: The infamous North Korean Lazarus Group is actively targeting the crypto currency industry through an advanced persistent threat (APT) attack . SlowMist Security Alert Recently, we and our partners discovered a large-scale APT attack directed by the North Korean #LazarusGroup against the crypto currency industry. The attack method is as follows: The attack er first disguises his identity, deceives the auditor… pic.twitter.com/XsM7F0bPcV — SlowMist (@SlowMist_Team) September 12, 2023 What are APT Attacks? An advanced persistent threat (APT) is a prolonged, target ed cyber attack where an intruder gains access to a network and remains undetected for an extended period. This kind of attack is generally state-sponsored or carried out by well-funded criminal organizations. What...

The official report reveals that the hackers stole $3 billion from Australians in 2022 and over $38 million in June 2023 alone. According to an Australian Financial Crimes Exchange (AFCX) report, illicit actors and scammers funneled millions in stolen funds through cryptocurrency operators like exchanges and trading venues. Industry experts and regulators call for collaboration between banks and exchanges to tackle scammers ’ operations. During the last 30 days of Australia’s financial year, from July 1 to June 30 of the following year, scammers siphoned 47% of all stolen wealth to bank accounts linked to digital asset businesses in the country. You might also like: Australia’s largest bank suspends payments to crypto exchanges David Pegley, managing director of the AFCX, noted that recovering funds laundered through crypto exchanges proved “extremely difficult”, resulting in greater losses for Australians. The remark was echoed by Anna Bligh, chi...