CRYPTO TALKS

Bybit partners with DaTRek Recovery Company to help recover $1.5 billion stolen crypto assets Bybit Offers $140M Bounty to Recover Stolen $1.5B in Crypto Bybit is putting up a $140 million reward for anyone who can help recover the staggering $1.5 billion in stolen crypto making it the largest hack in history. The exchange, the second-largest by trading volume, announced it would offer 10% of any recovered funds to cybersecurity experts , blockchain analysts , and ethical hackers who can track down the missing assets. The Hack: $1.4B Drained from Bybit’s Cold Wallets On February 21, attackers drained over $1.4 billion worth of liquid-staked Ether (stETH), Mantle Staked ETH (mETH), and other ERC-20 tokens from Bybit’s cold wallets. The stolen funds were swiftly laundered through blockchain mixers and cross-chain bridges to obscure their origin. Blockchain investigator ZachXBT linked North Korea’s Lazarus Group to the attack, confirming that at least 5,000 ETH had already been moved thro...

The crypto world is buzzing with controversy after hackers stole a   staggering $1.4 billion from Bybit   on February 21, making it the biggest crypto hack in history. The attack, which saw cybercriminals gain control of Bybit’s Ether multisig cold wallet, has been linked to   North Korea’s Lazarus Group . In trailing news, North Korean hackers have started laundering funds stolen from Bybit, with blockchain intelligence firm Elliptic tracking over $140 million in suspicious transactions. Interestingly as per the   report , the attackers are mostly using decentralized exchanges and anonymous crypto services to cover their tracks before converting the stolen assets into Bitcoin. The entire process is so complex that it is harder for the authorities to trace the stolen funds. The Bybit hack, which took place on Friday, has now been confirmed as the largest crypto theft in history, with $1.46 billion stolen, primarily in Ethereum. This surpasses the 2021 Poly Network ha...