News list for "theft"
According to people familiar with the matter, the Department of Justice has launched an investigation into the recent data breach of cryptocurrency exchange Coinbase Global Inc. Investigators from the Justice Department's Criminal Division in Washington, among others, are looking into the circumstances surrounding the incident, the sources said. Coinbase previously said the hack involved criminals bribing employees and contractors in India to obtain customer data.
On-chain detective ZachXBT posted on social media that the 50 million USDC stolen from Infini was fully cashed within 40 minutes. Where is the Circle 24/7 emergency response team? By the way, I forgot, they don't exist at all, because Circle knowingly supports this kind of behavior.
Speaking on Space, Ben Zhou, Bybit's chief executive, said: "I'm not sure it's a one-person decision. In the spirit of blockchain, maybe it should be a voting process to see what the community thinks, but I'm not sure."
Cross-Chain Bridge Chainflip Update on Bybit Theft: We have noticed hackers trying to convert Bybit stolen funds into BTC through Chainflip. Currently, we have shut down some front-end services to stop the flow of funds, but since the protocol is fully decentralized and has 150 nodes, we cannot completely shut down the entire system. As a longer-term solution, we are strengthening the ETH broker-level screening mechanism to reject suspicious deposits through the broker-api. Currently, this mecha...
CryptoQuant analyst statistics show that after the theft of Bybit's ETH, Bybit's bitcoin reserves decreased by about 2,000 today, but Bybit still holds about 68,000 bitcoins, and the reserves are still high. So far, the situation is normal, and there are no abnormal fluctuations.
ABCDE Lianchuang Du Jun responded to the Bybit theft incident on social platforms, saying, "Platform theft crisis public relations: if you can afford it, you need to let the withdrawal go; if you can't afford it, you need to close the withdrawal or limit the withdrawal of large amounts. However, there is a prerequisite that the financial group gives the exact amount stolen, and the security team confirms that the remaining assets and processes are safe and controllable. "
"We have been closely monitoring the Bybit incident and will do our best to assist our partners in tracking the funds and provide all the support we can," Mr. Sun said on the X platform about the Bybit theft.
"This is not an easy situation to deal with," CZ, founder of Binance, said in response to the Bybit theft on the X platform. "It is recommended to temporarily suspend all withdrawals as a standard security precaution. If necessary, I am willing to provide any help. Good luck!"
On February 20, Ho Kai Xin, a former Bybit payroll executive who was accused of stealing $4.20 million in public funds, refused to comply with a court order and spent nearly $840,000 on a freehold penthouse and Louis Vuitton luxury goods after the court ruling. The 32-year-old woman was sentenced to six weeks in prison for contempt of court on January 27 for violating a high court order. Previously, it was reported that in July 2023, crypto trading platform Bybit sued the company for internal su...
