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…
Day: February 22, 2025
Is Bitcoin a good investment for retirement?
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. Source link
Bybit exploit exposes security flaws in centralized crypto exchanges
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. Source link
Bybit processes all withdrawals, system returns to ‘normal pace’ — Ben Zhou
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. Source link
Blockchain gaming market is a ‘game of musical chairs’ — Gunzilla exec
Gunzilla Games Web3 director says the biggest problem in blockchain gaming is the lack of “new money coming into the system.” Source link
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…
SEC drops investigation into NFT marketplace OpenSea
OpenSea founder Devin Finzer announced that the SEC is closing its investigation into the NFT platform, calling it “a win for everyone” in the industry. Source link