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- Bybit suffers $1.4 billion hack, ETH drained from exchange wallet
- iDEGEN (IDGN) price could hit $0.1 post BitMart Exchange listing
- Coinbase scores major win as SEC set to drop lawsuit
- FTX claims: Creditors in Russia, China, Ukraine among those temporarily unable to participate
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- Safemoon CTO pleads guilty in $200m crypto fraud case
- iDEGEN’s presale enters its final week ; XRP beats other crypto majors
- US SEC approves the first yield-bearing stablecoin
- Societe Generale-FORGE to expand stablecoin to Stellar
- Franklin Templeton launches a Bitcoin and Ethereum index ETF
- SEC launches new unit to combat crypto fraud and cybercrime
- Tether leads $10m round for cross-border payments firm Mansa
- MamaFi Emerges as a Hub for Digital Commentary and Meme Culture
- Blockstream CEO says market “not bullish enough” on BTC: Huge for Bitcoin Pepe?
- Bitcoin Lithium ($BTCL) Remains Stratospheric! Second Presale Round Ends With $1 Million Raised!
Bitcoin, Ether Slump as Crypto Prices Dip on Report of Massive $1.5B Bybit Hack
Cryptocurrency prices dropped on Friday, reversing early gains on reports that crypto exchange Bybit was seeing $1.5 billion worth of crypto outflows in a potential security incident.
Bitcoin (BTC) slid to near $97,000 after hovering near $100,000 earlier during the day, while ether (ETH) slipped nearly 4%, dipping below $2,700.The sudden downturn liquidated roughly $100 million worth of leveraged derivatives trading positions, overwhelmingly longs anticipating prices to rise, CoinGlass data shows.
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Crypto liquidations in an hour (CoinGlass)
The move happened after well-followed blockchain sleuth ZachXBT noted a “suspicious” $1.5 billion ETH outflow. Ben Zhou, CEO of Bybit confirmed the hack in an X post.
UPDATE (Feb. 21, 16:07 UTC): Adds details about liquidation and updates price actions.Read more: Bitcoin and Ether Tumble on Potential $1.46B Bybit Hack
iDEGEN (IDGN) price could hit $0.1 post BitMart Exchange listing
BitMart Exchange is expected to list iDEGEN (IDGN) on March 4. Only four days to go before the iDEGEN presale comes to an end. Post-listing, the price of iDEGEN (IDGN) is expected to rise to $0.1 from the last presale stage price of $0.038. iDEGEN (IDGN), an...
Bybit Loses $1.5B in Hack but Can Cover Loss, CEO Confirms
Cryptocurrency exchange Bybit has experienced $1.46 billion worth of “suspicious outflows,” according to blockchain sleuth ZachXBT.
The wallet in question appears to have sent 401,346 ETH ($1.1 billion) as well as several other iterations of staked ether (stETH) to a fresh wallet, which is now liquidating mETH and stETH on decentralized exchanges, etherscan shows. The wallet has sold around $200 million worth of stETH so far.
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Bybit CEO Ben Zhou wrote on X that a hacker “took control of the specific ETH cold wallet and transferred all the ETH in the cold wallet to this unidentified address.”
“Please rest assured that all other cold wallets are secure. All withdrawals are normal,” he added.
“My sources confirm it’s a security incident,” ZachXBT added on Telegram.
$1.46 billion would equate to the largest cryptocurrency hack of all time in dollar terms, with $470 million being lost in the Mt Gox Hack, $530 million in the 2018 hack of CoinCheck, and $650 million in the Ronin Bridge exploit.
BTC and ETH dropped more than 1.5% and 2%, respectively, following the transfers.
UPDATE (15:44 UTC, Feb. 21): Adds quote from Bybit CEO and details of historical crypto hacks.
China, Japan and UK Dump $81,000,000,000 in US Treasuries in Just One Month As China Pours Capital Into Gold
China, Japan and the UK are dumping billions of dollars in US Treasuries. New numbers from the Treasury Department show the three nations collectively slashed their Treasury by $81 billion in December.
Coinbase stock gains after SEC poised to dismiss suit (COIN:NASDAQ)
Coinbase (COIN) stock climbed 2.4% in early Friday trading after its CEO, Brian Armstrong, said the company reached an agreement with the Securities and Exchange Commission's staff to dismiss its litigation against Coinbase.
Best New Meme Coins to Buy Today: BTFD Coin’s 100% Bonus is Doubling Investments Instantly While Dogwifhat Crashes and TRUMP Risks Dropping …: Guest Post by TNYR
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Best Crypto to Explode in 2025 as BTFD Coin’s $1K Investment Could Hit $75K with LAUNCH100 Bonus and $0.006 Moon Potential – Dogwifhat Dips 3.28% as PEPE Soars to $11B Market Cap: Guest Post by CoinsProbe
BTFD Coin's presale success and bullish analyst predictions make it the best crypto to explode in 2025. Don't miss the LAUNCH100 bonus!
Gala Games Introduces Hearton to VEXI Villages
Zach Anderson Feb 21, 2025 15:16 Gala Games unveils Hearton, a limited-edition character in VEXI Villages, featuring a unique heart-shaped design. Only 200 units available, enhancing the gaming experience. Gala Games has announced the introduction of Hearton, a new...
Best Meme Coins and Altcoins To Buy Now | Top 10 New Coins Including Memes and Alts That Could Explode: Guest Post by CoinPedia News
While some cryptos buckle under market pressure, others charge full speed ahead. In this fast-moving and highly competitive crypto landscape, Toncoin, KET, AIC, Kaspa, Worldcoin, ICP, Render, ARB, Celestia, and the red-hot newcomer JetBolt (JBOLT) are emerging as the...
Why is Pi Coin Crashing Down Today?: Guest Post by The Crypto Times
The main reason for the price drop is that early adopters who mined Pi for free or at a cheap cost are now selling their holdings.
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Daily Cryptocurrency Top 100
| # | Name | Price | Changes 24H | Market Cap | Volume 24H | Available Supply | ATH | Price Graph (7D) |
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Crypto Shorts
- Bitcoin, Ether Slump as Crypto Prices Dip on Report of Massive $1.5B Bybit Hack
- Bybit Loses $1.5B in Hack but Can Cover Loss, CEO Confirms
- Bybit Makes Liquidation Data More Transparent Aiming to Lure Institutional Investors
- CoinDesk 20 Performance Update: Litecoin (LTC) Gains 6.8%, Leading Index Higher
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- Bitcoin Treasury Bandwagon Reaches Africa as Altvest Jumps on Board
- Crypto Market Faces Weak Demand, Needs Trump Initiatives to Kick In, JPMorgan Says
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