North Korea's Lazarus Group behind the $1.2 Billion Ethereum Heist. 🇰🇵
A massive $1.19 billion crypto theft has shaken the industry, with North Korea’s Lazarus Group accused of hacking an Ethereum wallet on Bybit. The February 23 attack caused Ethereum’s price to drop 4%, reigniting concerns over exchange security.
Blockchain forensics firm Arkham Intelligence linked the breach to Lazarus, known for funding Pyongyang through cybercrime. Bybit CEO Zhou confirmed 350,000 withdrawal requests but assured users that assets remained secure. Recovery efforts face challenges despite global law enforcement involvement.
The heist follows North Korea’s growing reliance on crypto theft, with Lazarus previously orchestrating billion-dollar breaches, including the $625M Ronin Network hack. Experts stress the need for multi-signature wallets, AI-driven security, and stronger regulatory collaboration to combat state-backed cyber threats.
#NorthKoreaHackers #northkorea #LazarusGroup #Lazarus #Ethereum $ETH
Ye (aka Kanye West) reveals plans to launch multiple tokens
Kanye West, also known as Ye, has announced plans to launch a #cryptocurrency token called "Swasticoin" next week. The announcement comes despite his previous criticism of such projects. He also engaged with various #blockchain networks and called out #Binance co-founder Changpeng Zhao.
Earlier, #Ye had annouced his intention to launch the $YZY token, named after his Yeezy clothing brand. He plans to reserve 70% of the token for himself, with 10% allocated for liquidity and 20% for investors. The token aims to help Ye bypass platforms like Shopify that severed ties with him due to his controversial statements.
🚀 Crypto Alert! 🚀
• Ski Mask Dog (SKI), Avail (AVAIL), and Test (TST) have surged over 50% in the last 24 hours, despite a generally quiet market.
• SKI leads with a 55% jump, fueled by a recent purchase from U.S. Rep. Mike Collins and a listing on WAGMI HUB.
• AVAIL soared 54%, possibly due to its active presence at crypto events like the Solana Hong Kong Summit.
• TST gained 50%, with Binance's CZ buying in and adding to liquidity pools.
Bitcoin remains stable, while Ethereum sees a modest 2.5% rise. Share your thoughts below! 💬
"Money has a way of revealing our deepest flaws and exposing our financial vulnerabilities.
It shines a light on our financial literacy gaps, making it clear what we don't know.
Unfortunately, this is often why people who experience a sudden influx of wealth, whether through inheritance, a pay raise, or lottery winnings, frequently find themselves back in financial turmoil - sometimes even worse off than before.
Their newfound wealth fails to address the underlying issues that led to their previous financial struggles, ultimately perpetuating a cycle of financial mismanagement.
📉Crypto Market Tanks $200B After Bybit Hack Shakes Investors.
🔴Red Everywhere! The crypto market shed $200B, crashing 5.93% to $3.17T, with BTC & ETH taking big hits.
💥Bybit Breach to Blame? A $1.4B ETH hack triggered panic selling, liquidating $544M in 24 hours—worst crypto theft in history.
🔽$BTC & $ETH Down Bad
Bitcoin: $96,566 (-11.26% from ATH)
Ethereum: $2,734.24 (-15.5% this week, -43.95% from ATH)
📊Fear Kicking In Market sentiment dropped to 38 (Fear) from 41, as investors seek safety in BTC.
🚀Winners & Losers
Top Gainers: Story ($IP) +166.8%, Sonic ($S) +62.1%, Maker ($MKR) +52.4%
Biggest Losers: Raydium ($RAY) -15.8%, Trump ($TRUMP) -14.46%, Jupiter ($JUP) -12.51%
⚠️Lazarus Strikes Again? Arkham links the Bybit hack to North Korea’s Lazarus Group—ChainFlip steps in to slow fund transfers.
$ETH
{spot}(ETHUSDT)
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