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...

Chargeback is a huge problem for cryptocurrency exchanges and trading platforms Virtually, all platforms dealing with cryptocurrencies have had to face chargeback issues. With the growing number of crypto users and merchants accepting payments in crypto, the chargeback problem has only increased. It might come across as shocking, but cryptocurrencies have a higher rate of chargeback than eCommerce platforms . In a conventional crypto purchase, chargebacks are not applicable. However, the problem is with modern crypto platforms that offer cryptos against the credit card or wallet payments. It is one of the major issues that crypto exchanges and firms have to deal with as crypto adoption increases. Cryptocurrency transactions: How to deal with chargeback issues Before we get into dealing with chargeback issues, there are some important concepts we need to understand. We will be going through how chargeback works, why it is in place, and how crypto firms can deal with it. Without wasting ...