Bybit CEO Ben Zhou reveals that 27.59% of the $1.4B hacked funds—worth $390M—are now untraceable after being laundered through mixers like Wasabi and moved across bridges to P2P/OTC platforms.
From Sony’s new web3 project to new updates from Bybit, here’s a roundup of the top crypto stories you may have missed.
Following the 90% collapse of $OM, exchanges Binance, OKX, and Bybit have issued separate statements addressing the price crash, insider claims, and cross-exchange liquidations. Here’s what each platform said.
Here are the crypto stories you may have missed this week.
OKX said it has implemented new security measures, including a hacker address detection system and real-time transaction tracking to block suspicious activity.
Bybit’s market share plunged to 5% after a major hack but has since rebounded to 9.04%. Can the exchange fully recover amid security concerns and trust issues?
From Taiwan’s national digital wallet rollout to Binance securing a $2 billion investment, this week saw major developments in the crypto industry. Regulatory disputes, investment deals, and partnership clarifications shaped the landscape, while Binance founder Changpeng “CZ” Zhao pushed back against media reports. Here’s a roundup of the top crypto stories you may have missed….
Bybit CEO Ben Zhou labels Pi Network more harmful than meme coins due to lack of transparency, delayed milestones, and targeting crypto novices.
BayaniChain CEO Paul Soliman explains how the $1.46 billion Bybit hack was a textbook social engineering attack, not a blockchain failure.
![[Update] Bybit Hack Update Timeline: North Korea’s Lazarus Group Responsible for Largest Crypto Hack in History](https://bitpinas.com/wp-content/uploads/2022/05/FEATURE-Breaking-News-768x402.png "[Update] Bybit Hack Update Timeline: North Korea's Lazarus Group Responsible for Largest Crypto Hack in History 10")
Arkham Intelligence announces that ZachXBT has submitted definitive proof linking the attack to Lazarus Group, a North Korean cybercriminal organization notorious for targeting crypto firms.
