
Bybit hack: $1.4B in crypto laundered in just 10 days
The Bybit hacker laundered the stolen funds in just 10 days, but security firms said some assets may still be recoverable through blockchain tracing.
The Bybit hacker laundered the stolen funds in just 10 days, but security firms said some assets may still be recoverable through blockchain tracing.
THORChain generated over $5 million in revenue as Bybit’s $1.4 billion hacker used the protocol for moving funds, sparking controversy over its role in illicit crypto transfers.
There are several reasons why the SEC and Ripple have yet to reach a settlement while other prominent crypto cases have found resolution.
Brian Armstrong and Tyler Winklevoss say that Bitcoin is a clear “successor to gold,” making it most suitable for inclusion as a US reserve asset.
The Albanese government has no plans to follow the lead of the Trump administration, which has announced plans to stockpile XRP, Solana, Cardano, Ether and Bitcoin.
XRP retraced most of its recent “Trump pump” and data shows whales selling their positions.
Trump plans to include ADA in a US strategic Bitcoin reserve, and futures traders are bullish.
ADA, XRP and SOL are seeing profit booking just a day after rallying following President Trump’s US strategic crypto reserve announcement. Is the market headed toward new lows?
United States Senator Dick Durbin proposed legislation aiming to reduce fraud through crypto ATMs.
Adding altcoins to the national reserve also increases centralization risk, one analyst said.