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"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," the company's chief executive officer Ben Zhou said in a post on X.

The investigation continues, with efforts focused on understanding the full scope of the attackers’ actions and identifying any remaining vulnerabilities within Safe{Wallet}’s infrastructure. LAZARUS ...

Addresses associated with the Bybit hacker have been spotted using decentralized exchanges (DEXs) to trade cryptocurrencies for Dai, a stablecoin that lacks a freeze function. Recent blockchain ...

North Korea’s Lazarus Group intensified efforts to launder funds from Bybit following what is considered the largest crypto hack in history at $1.4 billion. The cyberattackers moved another 62,200 ETH ...

Deposits and withdrawals on the exchange have returned to normal, with reserves nearing full replenishment ... experienced following the $1.4 billion hack that hit the exchange last Friday.

The scale of the staggering $1.4 billion hack on crypto exchange Bybit will undoubtedly unfold in coming days and weeks. However, as Bybit, industry players such as other exchanges and blockchain ...