Just a day ago Bybit crypto exchange faced a hack incident & lost $1.5 billion worth of Ethereum ($ETH) coin. Reportedly, the world’s top hacking group, Lazarus, was behind this hack attack. The hackers targeted Bybit’s cold storage wallet & also started laundering the stolen funds for Bitcoin ($BTC).
Following the hack incident, Bybit CEO ensured that the exchange had sufficient funds to compensate for the attack. To help Bybit exchange the majority of the big crypto investors & companies jumped in support of the Bybit exchange to help the exchange maintain liquidity on the platform. Bybit CEO thanked everyone for such a big level of support.
Just a couple of days ago, Kanye West reportedly planned to launch a meme token, but now the latest reports have disclosed that he is planning to launch a token with a new blockchain network. In the last 24 hours, he followed Binance co-founder Changpeng Zhao (CZ) & later unfollowed him & followed Polychain founder Olaf Carlson-Wee. Some Crypto X users said that West seems to have lost his mind & probably wants to use his fanbase to create his own crypto empire.
Yesterday, Binance’s former CEO CZ disclosed that for the first time, he used the DEX platform & he used the platform to insert liquidity in the Test ($TST) coin market just to check how things work in the Defi world. CZ’s action purely supports Test coin. Following this development, the trade price of the Test coin surged 50% within 24 hours.
Top NFTs trading platform OpenSea CEO Devin Finzer informed the Crypto community that the United States Securities and Exchange Commission (SEC) has closed its investigation into OpenSea. The crypto entrepreneur called this development a very big win for the NFT creators and builders and also said that classifying NFT collectables as securities would have been a mistake.
A lawsuit filed by the US SEC body against Coinbase exchange in 2023 has been dropped. The SEC staff reportedly decided to dismiss the case. Coinbase CEO Brian Armstrong said that it is a very big win for the crypto space. Armstrong also said that the Coinbase team would remain engaged in getting clarity on the Crypto regulation & ensuring no regulatory misbehave against crypto companies.
In a recent interview Sam Bankman-Fried (SBF), the former CEO of bankrupt Crypto exchange FTX, said that FTX exchange was never insolvent. He claimed that panic around the FTX exchange’s fund liquidity caused a big problem. Otherwise, the exchange was stable enough to give withdrawal to all the customers fully.
Read also: Myanmar Will Launch the First National Coin: Scam Alert?
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Benson Toti
Benson Toti
Benson Toti