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The crypto market was shaken on Friday as Bybit, one of the leading cryptocurrency exchanges, suffered a devastating hack that resulted in the loss of over 401,000 Ethereum—valued at approximately $1.5 billion.

In a staggering blow to the crypto industry, nearly $1.5 billion was stolen from Bybit on Friday, marking the largest crypto heist in history.

FTX has finally begun the arduous process of repaying creditors after its dramatic collapse in late 2022. On February 18, the bankrupt exchange initiated its first round of reimbursements, prioritizing smaller claims.

Michael Saylor, co-founder of Strategy (formerly MicroStrategy), made waves at the Conservative Political Action Conference (CPAC) this week, advocating for the U.S. to hold 20% of the total Bitcoin supply as a form of national economic defense.

A record-breaking $1.5 billion hack has rocked the crypto world, with security experts pointing fingers at North Korea’s notorious Lazarus Group.

Bybit, one of the largest crypto exchanges, has secured a “bridge loan” from undisclosed partners to recover 80% of the Ether lost in a staggering $1.5 billion hack, CEO Ben Zhou revealed in a live stream on X.

As the U.S. federal government deliberates on whether to establish a Bitcoin strategic reserve, a surprising shift is already taking place at the state level.

Litecoin (LTC) has defied the broader crypto market downturn, soaring 51% in February to reach $135. While major cryptocurrencies like Bitcoin, Ethereum, Solana, and Dogecoin have stagnated or seen minor gains, Litecoin’s performance stands out.

The XRP community is buzzing with anticipation as the possibility of XRP exchange-traded funds (ETFs) inches closer to reality.

For years, the U.S. Securities and Exchange Commission (SEC) aggressively pursued enforcement against major crypto firms under the leadership of former Chair Gary Gensler.