Bybit Offers Record $140M Bounty Following Massive Ethereum Heist
Cryptocurrency exchange Bybit has launched an unprecedented $140 million bounty program to recover $1.4 billion in stolen digital assets, offering investigators 10% of recovered funds. The Singapore-based platform is working with law enforcement to trace the theft, attributed to North Korea's Lazarus Group.
Record-Breaking $1.4B Crypto Heist: Lazarus Group Targets Bybit Exchange
In an unprecedented attack, North Korea's Lazarus Group successfully breached Bybit exchange's security, stealing $1.4 billion in digital assets through sophisticated social engineering tactics. The devastating theft, targeting the exchange's Ethereum cold wallet system, marks the largest cryptocurrency hack in history while highlighting evolving threats in digital asset security.
Bybit Exchange Hit by $1.46 Billion Ethereum Wallet Hack
Major crypto exchange Bybit suffered a sophisticated security breach resulting in the theft of $1.46 billion worth of Ethereum from its cold storage wallet. Despite the massive breach, CEO Ben Zhou assures that customer funds remain secure and fully backed.
Russia Reports Surge in Crypto Crime as Supreme Court Targets Mining Operations
Russian Supreme Court reveals alarming increase in cryptocurrency-related crimes, with illegal mining operations causing $14 million in power grid damages. Authorities respond with new legislation and mining equipment registry while grappling with crypto's role in sanctions evasion.
SEC Launches Specialized Unit to Combat Crypto and Tech-Related Fraud
The SEC establishes the Cyber and Emerging Technologies Unit (CETU) to investigate cryptocurrency scams, AI fraud, and cybersecurity threats. Led by Laura D'Allaird, this 30-person team represents a focused approach to balancing investor protection with technological innovation.
SEC Restructures Crypto Unit, Signals Shift in Digital Asset Enforcement
The SEC's cryptocurrency enforcement division undergoes major rebranding to 'Cyber and Emerging Technologies Unit', reducing staff from 50 to 30 specialists. This transformation marks a potential departure from aggressive crypto regulation, while expanding focus to other emerging technologies.
Chinese Programmer Burns $7M in Ethereum, Claims Mind Control Conspiracy
A Chinese programmer has burned and donated $7 million worth of Ethereum while leaving disturbing messages about alleged mind control technology on the blockchain. The individual accused executives at hedge fund Wizard Quant of using brain-computer weapons to control employees, raising concerns about their mental state.
OneKey Pro Hardware Wallet Review: Premium Security Meets Advanced Functionality
A detailed analysis of the OneKey Pro cryptocurrency hardware wallet reveals superior security features and extensive crypto support across 60+ blockchains. The device combines EAL 6+ certification, biometric authentication, and air-gap signing with an intuitive touchscreen interface.
ZkLend Offers 10% Bounty to Hacker Following $9.5M Protocol Exploit
DeFi lending protocol ZkLend suffered a $9.5 million security breach, prompting them to offer the hacker a 10% bounty for returning the stolen funds. The incident adds to the growing security concerns in crypto, with over $100 million already stolen from blockchain projects in early 2025.
Cyprus Crypto Scam: Resident Loses €430,000 in Sophisticated Investment Fraud
A Limassol resident lost €430,000 after falling victim to fraudsters posing as investment platform representatives who gained access to their crypto wallet. The scammers lured the victim with false promises of $1.5M profits before authorities discovered the elaborate scheme.