Bybit is reversing and reissuing all PAWS tokens after botching the airdrop, leaving users angry and waiting for answers. Cryptocurrency exchange Bybit is reversing its April 15 airdrop of PAWS tokens and plans to redistribute them again after a flawed distribution left some users with extra tokens, others with none, and prompted widespread complaints. In … Read more
Privacy-focused exchange eXch will shut down operations on May 1 following rising allegations that it was used to launder funds stolen in the $1.5 billion Bybit hack. In an Apr. 17 notice on the Bitcoin Forum, eXch’s team said the project had become the target of a “transatlantic operation” aiming to shut it down and … Read more
Among the tokens to be delisted is Celo Dollar (CUSD), a stablecoin. Most of the tokens in the delisting have low market capitalizations, something that might have influenced Bybit’s decision. Deposits of these tokens will be halted at 8 AM UTC on March 20, 2025. Traders can withdraw the delisted tokens until June 20, 2025, … Read more
An ongoing EU crypto investigation into OKX for allegedly laundering $100 million from the Bybit hack in February 2025, has seen the European bloc threatening to remove OKX MiCA license. European regulators are reportedly probing OKX’s decentralized trading and self-custody offerings, which they claim were used by the Lazarus Group—a notorious hacking outfit allegedly sponsored … Read more
Bybit has requested a refund from ParaSwap DAO for swap fees paid by a hacker, sparking a governance debate over ethical responsibility. Cryptocurrency exchange Bybit wants ParaSwap DAO to return over $90,000 in Ethereum (ETH) in swap fees tied to the $1.46 billion theft, sparking debate in the decentralized finance community over a move that … Read more
The cryptocurrency sector suffered staggering losses in February, with scams, exploits, and hacks totaling nearly $1.53 billion, according to blockchain security firm CertiK. The bulk of these losses stemmed from the $1.4 billion attack on Bybit, marking the largest crypto heist in history. On February 21, hackers targeted crypto exchange Bybit, reportedly seizing control of … Read more
The non-KYC centralized exchange eXch has strongly denied allegations of laundering stolen funds from the historic Bybit hack on behalf of the notorious Lazarus Group. The accusations, which have been widely discussed across social media and blockchain investigation forums, claim that eXch processed millions of dollars in stolen funds tied to the North Korean hacking … Read more
Weekly Recap — Ye’s controversial crypto launch; SEC retreats from OpenSea and Coinbase; Bybit recovers from hack.
On-chain investigator ZachXBT has identified North Korea’s Lazarus Group as the team behind the billion-dollar Bybit hack, winning a 50k ARKM bounty for solving the case. The breakthrough came when ZachXBT submitted conclusive evidence linking the attack to the hacking group at 19:09 UTC. The investigation shared the hackers exploited Bybit’s Ethereum (ETH) multisig cold … Read more