Bybit fully restores withdrawal system following biggest crypto hack of all time

Key Takeaways Bybit has fully restored its withdrawal system after a significant hack. The exchange will release a detailed incident report and new security measures soon. Share this article A breakdown of the incident that occurred in the last 20 hours. Bybit has fully restored its withdrawal system after some delays after a historic hack that targeted its Ethereum cold wallet. The exchange is now processing all withdrawal requests without delays or amount restrictions, according to a statement from Ben Zhou, the company’s CEO. “12 [hours after] the worst hack…

Kanye West says he drops coin next week, claims all current ones are fake

Key Takeaways Ye is launching a crypto token next week. YZY token distribution reportedly gives 70% to Kanye West, raising concerns about centralization. Share this article Kanye West, now known as Ye, has announced a new coin launching next week, and has also stated that every other coin currently available is “fake.” Two weeks after a series of controversial tweets, including mentions of “coin” and “crypto,” and a subsequent X account deactivation, Ye returned this week and tweeted about “coin” again on Friday. His statement follows an early report revealing…