A survey of FTX creditors reveals a strong inclination to reinvest their repayments in cryptocurrencies, with solana (SOL) being the most popular choice. FTX Creditors’ Love Affair With Solana A new survey found that 79% of FTX creditors plan to reinvest their repayments into cryptocurrencies, with 29% of the reimbursed funds allocated for this purpose.
South African investment firm Altvest Capital has made history by becoming the first publicly listed company in Africa to buy bitcoin as a strategic treasury asset. The company recently bought one bitcoin and plans to increase its holdings significantly. Altvest Capital, based in Johannesburg, is taking a big step into the Bitcoin space by adding
Bybit Hack Fallout: Arthur Hayes Proposes Ethereum Rollback Amid $1.4b Theft, Critics Warn Of Ecosystem Risk – Bitcoinik Home Crypto News Bybit Hack Fallout: Arthur Hayes Proposes Ethereum Rollback Amid $1.4b Theft, Critics Warn of Ecosystem Risk Source link
The guilty plea is the latest development in one of crypto’s most scandalous fraud schemes that left an $8 billion project bankrupt. Former Executive of Defunct Crypto Firm Safemoon Enters Guilty Plea Thomas “Papa” Smith used to be the chief technology officer at Safemoon, an $8 billion decentralized finance (DeFi) project that went bankrupt in
Key Points:- Bybit’s CEO confirmed that Bybit lost around $1.5 billion ETH in a hacker attack. Crypto prices dropped on Friday (21st Feb) on the Bybit crypto exchange after a security incident occurred. Bitcoin and Ethereum cryptocurrency prices dropped, and Bitcoin and Ethereum slipped to $95,000 and $2,600 respectively. Bybit CEO Ben Zhou confirmed on
Bitcoin payments firm Strike now offers callback phone support to its verified U.S. customers. “We know that sometimes a phone conversation is the most effective way to get the help you need,” the company said when it officially announced the service on Thursday, also calling it “the best support experience in bitcoin.” Phone support is
Eric Balchunas said that approval chances for the Litecoin spot ETF application are now 90% and also said that it’s ready to start trading. Litecoin ($LTC) is a popular Proof-of-work (PoW) blockchain network known as the lite version of the Bitcoin blockchain network. Charlie Lee, an MIT graduate and former Google engineer, founded Litecoin in
Russia’s Supreme Court is pushing to classify cryptocurrency as property in penal cases, aiming to strengthen law enforcement’s ability to track, freeze, and confiscate illicit digital assets. Russia’s Supreme Court Advances Crypto Legalization Efforts Russia’s Supreme Court has taken an increasingly active role in defining the legal status of cryptocurrency, with its latest efforts focusing
Bybit scrambled to process over 350,000 withdrawal requests after a massive hack, with executives calling it possibly the worst financial breach ever. Bybit in Crisis Mode—350,000 Withdrawals Flood the System Ben Zhou, CEO of crypto exchange Bybit, provided an update on social media platform X on Feb. 21 regarding the company’s response to a recent
Bybit has suffered what is now confirmed to be one of the largest crypto hack in history, with over $1.46 billion stolen in an exploit linked to North Korea’s Lazarus Group. Below is a timeline of how events unfolded. Bybit Hack Timeline Initial Reports of Suspicious Outflows ZachXBT reports $1.46 billion in suspicious outflows from