Cypto

Hacked crypto exchange Bybit offers $140 million bounty to trace stolen funds

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Last week, hackers stole around $1.4 billion in Ethereum cryptocurrency from crypto exchange Bybit, believed to be the largest crypto heist in history. Now, the company is offering a total of $140 million in bounties for anyone who can help trace and freeze the stolen funds. Bybit’s CEO and co-founder Ben Zhou announced the bounty […]

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Sam Bankman-Fried’s first post from prison isn’t even good

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As disgraced FTX founder Sam Bankman-Fried serves the early days of his 25-year prison sentence, the crypto wunderkind-turned-criminal made his first public post on X in over two years. Bankman-Fried’s thread on X responds to Elon Musk’s recent ultimatum to federal employees: respond to his email with five bullet points of recent accomplishments, or resign.

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Brian Armstrong says Coinbase spent $50M fighting SEC lawsuit – and beat it

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Coinbase on Friday said the SEC has agreed to drop the lawsuit against the company with prejudice, meaning it cannot be filed again.  The move, which is still subject to the approval of the SEC’s Commissioners, is yet another signal that the Trump administration plans to be more friendly to crypto than the SEC was

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Crypto exchange Bybit says it was hacked and lost around $1.4B

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Crypto exchange Bybit announced on Friday that “a sophisticated attack” led to the theft of Ethereum (ETH) from one of the company’s offline wallets. Bybit’s chief executive and co-founder Ben Zhou said in a livestream that the hackers stole around 401,346 ETH, which at the time of the theft amounts to about $1.4 billion.  Both

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Stablecoins are finding product market fit in emerging markets

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Five years ago, SpaceX launched Starlink, which has since grown into its biggest revenue driver, expanding to over 100 countries. But as Starlink scaled, it faced a major hurdle: accepting payments in developing markets, where traditional banking infrastructure is unreliable, slow, and prone to blocking transactions. Many local banks across Africa, Latin America and Asia

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AngelList, CoinList partner to help crypto startups raise and manage funds

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Crypto is making such a big comeback that AngelList and CoinList are launching a way to help raise capital for crypto-specific founders using crypto coins. They are teaming up to launch Crypto special purpose vehicles  (SPVs) and Crypto roll-up vehicles (RUVs), the companies shared with TechCrunch exclusively on Wednesday. The partnership, they said, will give

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North Korea stole over $659M in crypto heists during 2024, deploys fake job seekers

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North Korean-backed hackers stole at least $659 million through multiple cryptocurrency heists in 2024, while also deploying IT workers to infiltrate blockchain companies as insider threats, according to Japan, South Korea and the United States in a rare joint statement (PDF) on Tuesday. The announcement provided the first official confirmation that North Korea was behind

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