Bybit has launched a recovery bounty program offering rewards for retrieving stolen cryptocurrency funds. Crypto Exchange Bybit Initiates Recovery Bounty The Dubai-based cryptocurrency exchange, Bybit, has initiated a recovery bounty program following a security breach that compromised ETH valued at over $1.4 billion. The program promises a reward equal to 10% of recovered funds. The
The Trump administration is reshaping the federal government with a clear vision: to unleash a new era of American innovation and prosperity. So far, there’s little reason to doubt that this agenda is taking shape. Economic revitalization, technological advancement, and a resurgence of cultural confidence all point to a promising decade ahead. But no transformation
X account of Myanmar’s acting president seems hacked. Hacker(s) intending to promote a digital currency. On 22 Feb 2025, the X account of Myanmar’s acting president, Min Aung Hlaing, tweeted about Myanmar’s digital currency. Tweet noted that the country aimed to digitize the economy with a national digital currency. The Government of Myanmar will launch
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