Coindesk

Arthur Hayes, BitMEX co-founder and major ether (ETH) holder, asked Ethereum co-founder Vitalik Buterin to rollback the network in order to assist hacked exchange Bybit, which lost nearly $1.4 billion in ether (ETH) on Friday."@VitalikButerin will you advocate to roll back the chain to help @Bybit_Official. My own view as a mega $ETH bag holder is $ETH stopped being money in 2016 after the DAO hack hardfork. If the community wanted to do it again, I would support it because we already voted no on immutability in 2016 y not do it again?" Hayes said on X.Buterin was yet to reply as of time of publication. The Bybit hack came into light on Friday when on-chain analyst ZachXBT noted...

Bybit CEO Ben Zhou said Thursday that his exchange will not list the Pi Network's PI token, which was controversially released on Thursday, citing a Chinese police warning from 2023 that alleged the project was a scam targeting elderly people, leaking their personal information and leading to the loss of their pensions. "There are multiple other reports out there questioning the project legitimacy," Zhou posted on X. "Yes, I still think you are a scam, and no, Bybit will not list scam." The Pi Network didn't respond to CoinDesk's request for comments. The token went live alongside the project's mainnet release on Thursday. Users who "mined" tokens by clicking their smartphone screens once a day were finally able to transfer...

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...