One day after crypto exchange Bybit was hacked for over $1.4 billion worth of Ethereum and related assets—the worst crypto hack ever based on value of assets at the time of the incident—the markets are starting to recover.
Ethereum, notably, has regained much of the ground it lost when the price plunged Friday amid news of the hack and fears of potential industry contagion. ETH is up more than 5% on the day as of this writing, and the overall crypto market is in the green over the past 24 hours.
Bybit announced early Saturday that it will offer a 10% bounty on any recovered funds, with as much as $140 million up for grabs, and other players in the space including Tether and mETH have been able to freeze bits of the stolen crypto. Investigations remain ongoing, with pseudonymous crypto sleuth ZachXBT tying the heist to North Korea’s Lazarus hacker group on Friday.
Bybit Offers Bounty After $1.4 Billion in Ethereum Swiped in Biggest Crypto Hack Ever
Crypto exchange Bybit is offering up to $140 million for help recovering the $1.4 billion in Ethereum swiped in Friday's exchange hack.
This Week in Bitcoin: Bybit Hack Rocks Market as ETFs Bleed—But Institutions Remain Bullish
Bitcoin's price stayed below $100K this week amid inflation fears and the broader effects of the Bybit hack, while ETFs showed only red.
OpenSea Says SEC Will End Investigation Into Ethereum NFT Marketplace
OpenSea CEO Devin Finzer said late Friday that the SEC is ending its investigation, as the regulator shifts course under President Trump.
Why Bitcoin's Biggest Meme Coin Just Bridged Over to Solana
The creator of DOG says the token’s expansion to Solana is proof of Bitcoin’s influence, not a sign that the network’s fledgling meme coin ecosystem is failing.
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🎮️ GG: India’s SuperGaming Launching B3 Gamechain via Ethereum’s Base Network
The B3 gaming network on Ethereum layer-2 Base will host a dedicated chain built by Indian game publisher SuperGaming.
🤖 EMERGE: Asteroid's Earth Impact Odds Plummet, Scientists Now Playing the Long Wait Game
Latest observations slash collision probability for asteroid 2024 YR4 from 2.8% to 0.16%, but no further updates are possible until 2028.
🎭️ SCENE: Coinbase’s Political Spending Leads to Legal Victories—And Billions in Value
Since doubling down on political spending last year, crypto exchange Coinbase has reaped major wins, including a claimed SEC agreement to drop charges.
📚 Watch and Learn
📹️ WATCH: Altcoins Begin to Send, SEC to Drop Coinbase Lawsuit, KAITO & IP soar!
BTC nears $100k, ETH continues to outperform. Altcoins start to send as meme activity fades. SEC lawsuit vs Coinbase set to be dropped. 1m BTC reserve may offset $21T debt: VanEck. US will buy 4.2m BTC for reserves: Saylor. Arizona BTC reserve bill heads to Senate. Utah BTC reserve bill to be voted on in May, and more.
🎓️ LEARN: How to Prepare for Monad: The High-Speed EVM Layer-1 Blockchain
A new layer-1 blockchain is set to rival Ethereum and Solana. Here’s how you can prepare for Monad ahead of the mainnet launch.
