Crypto News
Report: SEC Concludes Opensea Probe, Drops Enforcement Threat Over NFTs
The U.S. Securities and Exchange Commission (SEC) has reportedly ended its investigation into Opensea and will not pursue enforcement action against the non-fungible token (NFT) marketplace over allegations that its NFTs constituted unregistered securities, the company confirmed to Bloomberg this week. Following Coinbase, SEC Ends OpenSea Investigation Under Trump’s Regulatory Climate Opensea, a leading nonfungibleSource link
Bybit Sees Over $4 Billion ‘Bank Run’ After Crypto’s Biggest Hack
Major cryptocurrency exchange Bybit has seen total outflows of over $5.5 billion after it suffered a near $1.5 billion hack that saw hackers, believed to be from North Korea’s Lazarus Group, drain its ether cold wallet.The total assets tracked on wallets associated with the exchange plunged from around $16.9 billion to $11.2 billion at the time of writing, according to data from DeFiLlama. The exchange is now looking to understand exactly what happened.In an X spaces session, Bybit’s CEO Ben Zhou revealed that shortly after the incident, he called for “all hands on deck” to serve their clients with processing withdrawals and responding to inquiries about what was going on.During the session, Zhou revealed that the security breach saw the...
Bybit’s Hack Handling Earns Commendation From Former Binance CEO
A $1.4 billion hack at Bybit prompted former Binance CEO Changpeng Zhao, known as CZ, to commend Bybit’s chief executive, Ben Zhao, for his transparent and measured response. Massive Bybit Hack Spurs CZ to Warn: ‘We Should Never Take Security for Granted’ The breach, linked to sophisticated North Korean hackers, targeted Bybit’s multi-sig cold storage.Source link
This Week in Bitcoin: Bybit Hack Rocks Market as ETFs Bleed—But Institutions Remain Bullish
Bitcoin's price stayed below $100K this week amid inflation fears and the broader effects of the Bybit hack, while ETFs showed only red.Source link
Ethereum’s $1.4B Heist: Roll Back the Blockchain or Face the Music? Vitalik’s 2016 Dilemma Returns
Following the massive Bybit hack on Feb 21, 2025, in which hackers stole about $1.4 billion worth of ethereum (ETH) from the exchange’s cold wallet, a contentious debate has emerged within the crypto community regarding whether to roll back the Ethereum blockchain to reverse the theft. Ethereum’s 2025 Crisis: Reverse $1.4B Hack or Fund Terror?Source link