by Benson Toti | Feb 21, 2025 | Bitcoin
Bybit exploited for $1.4 billion worth of ETH, CEO confirms. Despite the massive loss, Bybit remains solvent and can cover the losses, Ben Zhou said in a post on X. Bybit has suffered a major exploit, with a hacker stealing more than $1.4 billion worth of ETH and...
by Benson Toti | Feb 21, 2025 | Bitcoin
Coinbase says the SEC has agreed to dismiss its lawsuit against the US-based crypto exchange. The SEC sued Coinbase in 2023 but with Gary Gensler’s exit, the regulator is eyeing better regulatory approach. US-based crypto exchange Coinbase is set for a landmark...
by Benson Toti | Feb 21, 2025 | Bitcoin
FTX creditors in several countries, China, Russia and Ukraine included, unable to participate in claims. The FTX bankruptcy estate is however said to be evaluating options. The FTX estate has begun its creditor repayments that could see more than $16 billion go to...
by Benson Toti | Feb 21, 2025 | Bitcoin
Safemoon CTO Thomas Smith has pleaded guilty to charges in a $200 million crypto fraud case. US authories arrested the Safemoon exec, alongside CEO Braden John Karony, in 2023. Thomas Smith, the chief technology officer of SafeMoon LLC, has pleaded guilty to two...
by Benson Toti | Feb 20, 2025 | Bitcoin
Societe Generale-FORGE will launch its EUR CoinVertible stablecoin on the Stellar network. SG-FORGE first deployed EURCV on Ethereum and plans expansion to XRP Ledger. Societe Generale-FORGE (SG-FORGE) has announced the expansion of its EUR CoinVertible stablecoin...
