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#Bybit CEO Claims 77 Percent of Stolen Funds Are Still Traceable More than 77% of the funds stolen in the massive Bybit hack remain traceable, while 20% have gone dark, CEO #BenZhou said Tuesday on X. He noted that this week is critical for freezing stolen assets before they are laundered through exchanges, over-the-counter (OTC) platforms, and peer-to-peer networks. That said, security experts say that only a small portion of the assets could still be traced and frozen. Deddy Lavid, co-founder and CEO of blockchain security firm Cyvers, explained that mixers and cross-chain swaps complicate asset recovery, but tools like on-chain intelligence and AI-driven models could help track and freeze some funds. Hackers stole 417,348 ETH (about $1 billion), moving the majority through privacy-focused THORChain. Roughly 79,655 ETH ($200 million) vanished after being funneled through ExCH, while 40,233 ETH ($100 million) passed through OKXโs Web3 proxyโwith 23,553 ETH ($65 million) now untraceable. The attackers converted 83% of the stolen ETH (361,255 ETH or $900 million) into BTC, distributing it across 6,954 wallets using THORChain, averaging 1.71 BTC per wallet. THORChain saw record activity, processing $4.66 billion in swaps last week, with $5.5 million in fees coming from these illicit flows. Some stolen funds may still be recovered Security firms like Cyvers are working on new measures to stop similar attacks. Offchain transaction validation, a technology that pre-simulates and validates transactions before execution, could prevent 99% of crypto hacks, according to Michael Pearl, VP of GTM strategy at Cyvers. The hack was traced back to North Koreaโs Lazarus Group, which compromised Bybit in late February. The group injected malicious code into SafeWallet, a third-party wallet used by the exchange. The breach allowed hackers to manipulate transactions and siphon off nearly $1.5 billion in ETH after compromising a developerโs device. #GPSonBinance #USTariffs #MarketPullback
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๐ฑ๐ฅMexican Billionaire Salinas Commits 70% of His Wealth to Bitcoin ๐ธ๐ธ #Mexican billionaire #RicardoSalinas announced to Bloomberg that he invested 70% of his wealth in Bitcoin and the remaining 30% in gold and gold mining companies. He confirmed that he does not own any bonds or other stocks other than shares of his own companies. Salinas is known for owning several companies, including TV broadcaster TV Azteca and internet provider Total Play Telecomunicaciones. However, he prefers investments in what he describes as the "hardest assets" such as Bitcoin and gold. Additionally, Salinas announced plans to take its parent business, Grupo Elektra SAB, off the public markets. This move will allow him to manage the group of companies according to his own vision. Since only 0.3% of the company's shares are outstanding, it expects the delisting process to be completed in May. #MarketPullback #USCryptoReserve #GPSonBinance
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Red alert in ARB: Critical date is March 16 #ARB has faced serious selling pressure due to the upcoming 50 million crack opening, combined with weak altcoin market conditions. If ARB cannot regain $0.46, it may deepen its downtrend. We see that $ARB is facing a significant unlocking on March 16. Based on current conditions, it may see more than $50 million worth of assets released, which could pose a problem for ARB when the current weakness of the altcoin market is taken into account. We have experienced ARB's bottoming in the red zone between July 2024 and November 2024. It covers the red zone covering the $0.46 - $0.52 range, so it was a vital activity for ARB. We see that ARB has recently broken downwards towards this decline. After breaking downwards in this way, it suffered another sharp sell-off. Shortly afterwards, the red change showing the $0.46 - $0.52 range tested it as resistance this time. ARB's red change is emerging as a loss of performance that it tested as a major resistance, making it even weaker in recent days. It is pleasing to see ARB, which has a possibility of falling to 0.34, beating in the red zone until March 16, let's consider it as having healed its wounds. ARB may be able to get rid of a significant selling pressure only if it can achieve this. #Arbitrium #GPSonBinance #USTariffs #MarketPullback
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๐ฑ๐Bad surprise before the big lock opening in ENA๐จ๐จ Before the major crash in #ENA , the major support zone was maintained for years. Thus, the risk of a pullback to the purple zone in the $0.19 - $0.22 range has increased. The declines in altcoins continue. Despite the serious blow experienced by many altcoins in the first part of 2025, the current ENA could not hold on any longer. $ENA , which reached a major crash on Wednesday, March 5 (tomorrow), peaked with a double-like top formation in the red zone in the range region. With the sharp declines experienced, it retreated to the green major support. We can see that ENA has been struggling to hold on to the green zone covering the $0.37 - $0.41 range in the recent period. Current Prices are coming to the bottom, considering that ENA will be released with a closing value of 700 million, the departure of this zone was a bad surprise for ENA from a technical perspective. It continues for three days, it will come tonight and there is no major change, it is seen in the green area. The current weak outlook in ENA may continue in the coming weeks. It may pull back to the purple zone covering the $0.19 - $0.22 range. A significant loss of support in ENA naturally shows how it will perform in the short term. If there is contact in the purple zone, there is a purchase, otherwise it is good to see ENA holding on to the green zone where it is easier to buy. #ethena #MarketPullback #USTariffs #GPSonBinance
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๐จ๐จ๐จBad news for 10 altcoins from Binance exchange: They can be delisted The world's largest cryptocurrency exchange, #Binance has added 10 more cryptocurrencies to its Watch List, which includes tokens at risk of being delisted. According to the exchange's structure, these cryptocurrencies are as follows: Aergo (#AERGO ) Alpaca Finance (#ALPACA ) AirSwap (AST) Badger DAO (BADGER) BurgerCities (#BURGER ) COMBO (COMBO) NULS (NULS) STP (STPT) UniLend (UFT) VIDT DAO (VIDT) The statement also noted that as of March 4, 2025, the update of the Watch List will be changed monthly. Accordingly, new projects will be added to the list in the first week of each month. The decisions on cryptocurrencies on this list will be made with an evaluation to be made every three months. Binance states that tokens on the Watchlist carry significantly higher volatility and risk than other tokens on the exchange. The platform also emphasizes that tokens on the Watchlist run the risk of no longer meeting Binanceโs listing criteria and being delisted from the exchange. #MarketPullback
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