Crypto News

Cryptocurrency exchange Bybit has published a forensic review on last week's $1.5 billion hack, revealing that its systems had not been infiltrated and that the issue seemed to have stemmed from compromised Safe wallet infrastructure. Bybit concluded from the review that "the credentials of a Safe developer were compromised," which allowed the Lazarus hacking group to gain unauthorized access to the Safe wallet and subsequently deceive Bybit staff into signing the malicious transaction.However, a person familiar with the matter told CoinDesk that despite the wallet's infrastructure being compromised by social engineering, the hack would not have been possible had Bybit not "blind signed" the transaction. The term refers to a mechanism where a smart contract transaction is approved without comprehensive...

Aya Miyaguchi has transitioned from executive director to president of the Ethereum Foundation, effective Feb. 25, 2025, as part of a leadership restructuring aimed at addressing community concerns and advancing institutional partnerships. Aya Miyaguchi Steps Into Ethereum Foundation Presidency Miyaguchi, who joined the nonprofit in 2018, oversaw key milestones such as Ethereum’s 2022 transition toSource link

Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Ben Schiller, managing editor at CoinDesk.In this issue:Ethereum’s Pectra upgrade Goes LiveAvalanche Visa card launchedEthereum Foundation executive director leavingHackers using GitHub to steal bitcoinNetwork NewsPECTRA GOES LIVE ON TESTNET: Ethereum’s Pectra upgrade went live on the Holesky testnet Feb. 24 but failed to finalize in the expected time. The Pectra hard fork combines together 11 major upgrades, or "Ethereum improvement proposals" (EIPs), into one package. At the heart of this is EIP-7702, which is supposed to improve the user-experience of crypto wallets. The proposal, which was scribbled by Ethereum co-founder Vitalik Buterin in just 22 minutes, will allow wallets to have some smart...

The SEC is retreating from cases against Tron’s Justin Sun and crypto exchange Gemini, signaling a softer stance on the industry.Source link

It just got easier to mine Bitcoin following the dip in BTC's price and a cold snap across the U.S.—but what does this mean?Source link