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February 22, 2025
Following the Lazarus hack, an online debate erupted about potentially rolling back the Ethereum blockchain to invalidate the stolen funds.
The record-breaking $1.4 billion Bybit hack displays the “increasingly creative exploits” seen in the crypto industry, Halborn’s co-founder told Cointelegraph.
“With this level of unity in this space, we know we’ll come back even stronger,” CEO Ben Zhou said following the outpouring of support.
Gunzilla Games Web3 director says the biggest problem in blockchain gaming is the lack of “new money coming into the system.”
Bybit CEO Ben Zhou said that withdrawals have returned to a “normal pace” after the major exploit that drained $1.5 billion from the exchange.
The $1.4 billion hack was caused by similar attack vectors as the $230 million WazirX hack and the $58 million Radiant Capital hack, according to Cyvers.
Ethereum’s price has dropped following the Bybit hack and growing ETH hard fork rumors, among other reasons.
Find out the potential advantages and risks of incorporating Bitcoin into your retirement portfolio and whether it’s a viable long-term investment option in 2025.
Onchain evidence following the $1.4 billion Bybit hack has linked North Korea’s Lazarus Group to the Phemex hack in January, according to ZachXBT.
Bybit’s assets fell by more than $5B after its $1.4 billion hack on Feb. 21, but independent audits confirm its reserves still exceed liabilities, ensuring full backing for user funds.
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