Coindesk

Blockchain analytics firm Arkham Intelligence said North Korea's Lazarus Group was behind Bybit's $1.46 billion hack, which onchain sleuth ZachXBT identified. In an earlier post on social media platform X, Arkham offered a bounty of 50,000 ARKM tokens for anyone who could identify the attackers for Friday's hack. Later, the platform said ZachXBT submitted "definitive proof" that the attackers were the North Korean hacker group. "His submission included a detailed analysis of test transactions and connected wallets used ahead of the exploit, as well as multiple forensics graphs and timing analyses," the post said. Read more: Bybit Loses $1.5B in Hack but Can Cover Loss, CEO ConfirmsThe hack that rocked the crypto market and saw most prices tumbling was called...

Only a handful of hours ago crypto markets were buoyed as the Securities and Exchange Commission signaled its intent its dismiss a lawsuit against Coinbase (COIN).The welcome regulatory news sparked 5% gains for COIN and the likes of increasingly important crypto trading platform Robinhood (HOOD), and sent bitcoin (BTC) breaking out of its recent tight trading range to within sight of the $100,000 level.The first bomb to break the good vibes came late in the U.S. morning when Bybit was stung by about a $1.5 billion hack — the largest such exploit ever in crypto. That news sent bitcoin and ether (ETH) sliding roughly 2% in a manner of minutes.Prices quickly seemed to stabilize and — at least in the...

The U.S. Marshals Service (USMS) is tasked with managing assets seized by law enforcement in the course of criminal investigations, like real estate, cash, jewelry, antiques or vehicles.It is also supposed to be handling cryptocurrencies — for example, the billions of dollars worth of bitcoin (BTC) seized by the Federal Bureau of Investigation (FBI) from darknet marketplace Silk Road in 2013.However, the USMS doesn’t seem to know how much crypto it currently has. In fact, the agency is struggling to come up with a rough estimate of even its bitcoin holdings, a source familiar with the matter told CoinDesk.That could be a problem, in light of White House Crypto Czar David Sacks' announcement earlier this month that the U.S. government...

Binance founder Changpeng Zhao (CZ) has recommended that Bybit should halt withdrawals as a security precaution following Friday's $1.5 billion hack."Not an easy situation to deal with. Might suggest to halt all withdrawals for a bit as a standard security precaution. Will provide any assistance if needed. Good luck," he wrote in an X post. In response to concerns that it would stoke further fear, CZ added: "1.5 billion is fear enough. Better to be safe than sorry now."Arkham data shows that Bybit still has $20 billion in assets, and the company's CEO, Ben Zhou, said that the exchange "is solvent even if this hack loss is not recovered."Blockchain sleuth ZachXBT revealed that the hacker is beginning to split up...

State-owned Banco Nacional (BN), the largest commercial bank in Costa Rica and one of the biggest in Central America with over $7 billion in assets, is launching a spot bitcoin exchange-traded fund through its investment management arm, BN Fondos, according to local reports.This marks the first time that Costa Ricans will have access to any type of crypto investment product through the country's banking system.The firm is also launching a S&P 500 ETF alongside the bitcoin vehicle. The minimum investment amount for each fund is $100. Investments will be taken in U.S. dollars instead of Costa Rican colones.“ regulation doesn’t permit investments in things that aren’t investment vehicles, and bitcoin isn’t considered an investment vehicle from a regulatory perspective, but...