🚨 One of the most severe and strongest hacks in the history of crypto platforms—most people forgot this 🚨
In February 2025, @Bybit_official suffered the largest trading platform hack, where about 1.46B$ billion dollars were stolen from a single cold Ethereum wallet by the Korean group Lazarus Group.
What’s even stranger is that it wasn’t just the hack volume—after just a few hours, the platform was still operating normally, withdrawals continued as usual, and more than 350,000 withdrawal requests were processed. Then Bybit announced that operations returned to normal within less than 12 hours.
After that, the platform began covering the shortage in reserves through Bridge Loans, deposits from major investors, and OTC operations, and it fully closed the ETH gap in about ~72 hours.
Even an independent Proof of Reserves report confirmed that customer assets became backed 1:1, with coverage of some key assets even exceeding 100%.
The shock was absorbed, and the platform continued running normally and very professionally despite the terrifying breach.
Is the platform you trade on able to absorb the event without going bankrupt or collapsing?
• Quarterly revenue reached 96.2B$ billion dollars, up about 65% compared to the same period last year, exceeding Wall Street expectations, and the stock recorded a loss of -4% due to the news
And after the company projected revenues of about 108B$ in the coming quarter, which is also higher than analysts’ expectations, the stock erased all losses and rose from 204$ to 200$
Revenue growth of 1278% over the past four years 😯
This is what happened with the Term labs project, and 2843 $ETH was stolen from them, worth 7M$ million dollars, and also 1.68M$ million $USDC was stolen.
🌟 The hacker extracted 2 ETH from Tornado cash so it wouldn’t be traced, and then used it to buy the DAO’s governance tokens, which in Arabic means an independent decentralized organization, so he would have voting power in the organization.
🌟 And these tokens were enough to give him a 100% voting share for himself in any proposal.
🌟 This was enough for him to control 4 USDC treasuries and 91% of the Ethereum treasury.
🌟 A proposal was made »» he voted for himself in approval to take the money because he had enough voting power »» he took the money in the most smooth and respectful way.
The Term labs project contracts were not hacked. They were audited and verified as safe, and the whole project is secure. There is no contract breach, no hacking, no theft—only smart governance manipulation and control of the organization using just 2 ETH ☠️
🚨 A new terrifying purge for short sellers—what are the current reasons behind the rise? 🚨
Must-follow 👇
In the last 24 hours, 3.31B$ billion dollars were liquidated, including 3.02B$ billion for short sellers.
• And among the reasons for the rise is the accumulation of Bitcoin funds, like BlackRock, which collected 328M$ million dollars yesterday.
• President Trump said that the Commodity Futures Trading Commission (CFTC) is currently working on introducing the Hyperliquid platform to the United States in a legal way.
• The U.S. Treasury is providing greater support to the long-term U.S. government bond market. This matters because the yields on U.S. Treasury bonds represent the return an investor can get for holding government bonds. When these yields fall, high-risk assets like Bitcoin become more attractive to investors. Simply put: lower bond yields = less pressure on risky assets like Bitcoin.
After the Bitmart platform’s Chinese account went bankrupt, it publicly came out on Twitter and demanded that the platform’s founder clarify where the users’ money went—especially since most users still cannot withdraw.
The account is asking for a repayment plan that can be verified by August 19.
Without wasting time, the founder replied that the information being circulated on Twitter is rumors and fabricated info; that he gathered evidence, will file a police report, and will send a legal letter to Twitter demanding an investigation into the data and sources 😂
Imagine you have money on a platform, you open Twitter, and you see its founder and the platform’s official account fighting and accusing each other.
🔻Store your coins on centralized platforms and they will go bankrupt
🔻Store your coins on decentralized platforms and they will get hacked
🔻Store your coins in cold wallets and they will be compromised
🔻Store your coins in hot wallets and they will be hacked
So what is the ideal storage solution?
Personally, I think distributing coins across multiple cold wallets reduces the chance of losing everything
Z crypto - زي كريبتو
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🚨 The farce and the current breach of the cold hardware wallet governor—and what happened, briefly?🚨
More than 1000 $BTC worth $63M$ million was stolen from hundreds of Coldcard Mk3 wallets in a period of about 25 minutes, and the victims are estimated to be more than 500 wallets, yet the attacker did not need to compromise any device 😐
The reason?
A software vulnerability dating back to 2021 made the recovery phrase (Seed Phrase) depend on the device runtime and the user's button-press speed rather than true randomness that nobody noticed. This is what made guessing the recovery phrases extremely easy.
The attacker discovered the vulnerability early, guessed the private keys in advance, then waited until the wallets filled up with Bitcoin—and after that, withdrew everything 🔻
Ledger / Trezor wallets... are not affected by this and are safe currently.
He announces that his company bought Bitcoin, then it drops 🔴
Second time he announces that his company sold Bitcoin, then it rises 🟢
Microstrategy company announced today that it sold 1638 $BTC which is worth 105M$ million dollars approximately
What’s funny is that he explained to people that it’s actually an option/contract, meaning it’s not selling the Bitcoin he owns, but rather a contract related to Microstrategy’s Bitcoin. Hahaha
🚨 The farce and the current breach of the cold hardware wallet governor—and what happened, briefly?🚨
More than 1000 $BTC worth $63M$ million was stolen from hundreds of Coldcard Mk3 wallets in a period of about 25 minutes, and the victims are estimated to be more than 500 wallets, yet the attacker did not need to compromise any device 😐
The reason?
A software vulnerability dating back to 2021 made the recovery phrase (Seed Phrase) depend on the device runtime and the user's button-press speed rather than true randomness that nobody noticed. This is what made guessing the recovery phrases extremely easy.
The attacker discovered the vulnerability early, guessed the private keys in advance, then waited until the wallets filled up with Bitcoin—and after that, withdrew everything 🔻
Ledger / Trezor wallets... are not affected by this and are safe currently.
🚨 Less than two hours remaining until the Federal announcement on interest rates ⌛
The expectation is that it will be kept unchanged, and the market is waiting for Kevin Warsh’s speech after the announcement.
Current interest rate: 3.75%
Expected: 3.75%
Previous: 3.75%
Normal to see strong fluctuations—so it’s always advised not to enter with large positions and to wait until the announcement and the Federal speech are over 👌
🚨 Attention to those interested in the Space X stock 🚨
$SPCX
The stock reaches 124$ , which is its lowest level since its launch
It dropped 11% from the IPO price
And it has fallen by about 50% from its peak of 239$
Because investors took profits and fear that the newly released shares, which are locked and amount to 911 million shares, will be unlocked one day after the earnings announcement
The earnings announcement date is expected to be 5 August
The early investors who held onto the stock were crushed and wiped out all their profits. Now I see the stock is suitable for a small accumulation, using only a small portion of capital, due to the company’s earnings announcement next month in August
🚨 A terrifying fact and you need to be aware of it 🚨
There are between 160 and 300 blockchain networks and active projects
The value of funds locked is approximately 75B$ billion dollars in the decentralized finance sector
The problem is that among all these projects, only 10 of them control more than 90% of the locked funds in the sector, and the rest projects get only crumbs—meaning we can say they’re ghost projects, and their liquidity is dead
This is the issue: in the coming years, we’ll see many projects go bankrupt and be abandoned because there are too many projects and they all end up solving the same problem with nothing new, and the liquidity the founders are hoping for is controlled by only 10 projects
Meme coins on the Robinhood network that are getting all the hype right now 🤡
• Don’t listen to the pages that claim someone made about 200$ dollars to 3M$ million dollars
• I’m telling you it’s impossible, because this opportunity is either for the coin’s owner, or those close to them, or the market maker and those close to them
• As an ordinary person, you don’t have experience with meme coins, so if you buy any coin, make sure you reach this profit no matter what happens
• This is the truth, and some people find it hard to accept. I’m not being negative or against making profit—this is the truth about meme coins 💯