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Ethereum News
Siliconangle
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$1.5B in cryptocurrency stolen from Bybit in attack linked to North Korean hackers
- Dubai-based cryptocurrency exchange Bybit has been hacked, with $1.5 billion in cryptocurrency stolen.
- The attack involved manipulation of a routine transfer, transferring about 401,000 ETH.
- Bybit assures clients of solvency and offers a 10% reward for recovery of stolen funds.
- The hack has been linked to North Korean hackers, the Lazarus Group, responsible for previous high-profile cyberattacks.
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Cryptoticker
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Mantra OM's Explosive Price Surge: Top Crypto Performer of 2025
- Mantra OM, a cryptocurrency, has experienced an explosive over 100% price surge this month, with predictions of further increases.
- Ethereum's bullish momentum and stability above $2,7K is fueling a broader market rally and boosting investor confidence.
- Analysts and experts predict a bright future for Mantra OM, emphasizing its role in the evolving crypto market.
- The impressive gains of both Ethereum and Mantra OM are shaping investor strategies and attracting new capital into the crypto market.
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TronWeekly
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Bybit Launches $140M Bounty to Recover Stolen Funds After $1.4B Hack
- Bybit has launched a $140 million bounty program to recover stolen funds after a $1.4 billion hack.
- The Recovery Bounty Program offers 10% of recovered assets as a reward to security experts.
- Blockchain security firms and top-tier institutional clients helped Bybit secure funds and stabilize the market.
- The hack is linked to the North Korean-affiliated Lazarus Group, and the stolen funds are being laundered across multiple platforms.
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Zycrypto
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Vitalik Buterin Reveals the Most Disappointing Moment for Ethereum
- Vitalik Buterin, Ethereum co-founder, expressed disappointment over criticisms directed at Ethereum's stance on blockchain-based gaming applications.
- He addressed concerns during an AMA session and highlighted Ethereum's commitment to its community and original values.
- Buterin suggested potential strategic shifts, emphasizing the need for structural improvements and greater decentralization within the Ethereum Foundation.
- Ethereum has positioned itself as a network focused on decentralization, innovation, and long-term sustainability.
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TronWeekly
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Ethereum Fork Debate Ignites Over $1.46B Hack Recovery Proposal
- Bybit, a cryptocurrency exchange, lost $1.46 billion in Ethereum (ETH) in a significant hack.
- The incident sparked a debate about whether Ethereum should fork to recover the stolen funds.
- As a result of the hack, ETH price plummeted from $3,500 to $3,200, and Ethereum network activity increased.
- The hack is believed to be carried out by the Lazarus Group, surpassing previous large-scale crypto thefts.
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Crypto-News-Flash
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Can Ethereum Undo the $1.4B Bybit Hack? Arthur Hayes Thinks So
- BitMex co-founder Arthur Hayes urges Ethereum co-founder Vitalik Buterin to conduct a blockchain rollback to help Bybit recover the $1.4 billion stolen.
- Rolling back the Ethereum blockchain raises concerns about its decentralization claims and potential disruption to interconnected initiatives on the network.
- The proposal for a rollback is reminiscent of the 2016 DAO hack incident, when Ethereum chain was split into Ethereum and Ethereum Classic.
- Opinions are divided on whether a rollback should occur, with some seeing it as a solution to recover stolen funds, while others fear it would compromise decentralization.
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Cryptopotato
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Will Weak Momentum Drive ETH to $2.5K? (Ethereum Price Analysis)
- Ethereum's price action has encountered significant resistance at the $3K region, which coincides with the 200-day moving average.
- The likelihood of a rejection at this resistance level is high, potentially leading to a decline towards the $2.5K support level.
- On the 4-hour chart, Ethereum's recent bullish retracement faces a key resistance zone, making it challenging to break higher.
- The recent Bybit hack and declining funding rates suggest increased selling pressure and the possibility of further declines towards $2.5K.
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TronWeekly
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Ethereum Developer Warns Against Rollback After $1.5B Bybit Hack
- Ethereum developer Tim Beiko opposes a blockchain rollback after the $1.5B Bybit hack, citing technical and systemic risks.
- Unlike TheDAO hack in 2016, Bybit’s exploit offered no opportunity for intervention or mitigation.
- Rolling back Ethereum’s state could disrupt numerous legitimate transactions, jeopardizing network immutability and trust.
- Beiko warns against the rollback, citing logistic challenges and potential chaos it could unleash in the system.
- Hackers infiltrated Bybit on Feb. 21 through a deceptive transfer from its multisig wallet to a warm wallet, siphoning off funds.
- The hack exposed the vulnerability of smart contract logic, manipulating actions within transactions.
- Rolling back Ethereum to pre-Feb. 21 states is deemed impossible and perilous by Beiko, given the system's complexity and interconnectedness.
- Ethereum developers reject rollback requests due to the impracticality and the adverse impact on legitimate transactions.
- Industry leaders like Anthony Sassano emphasize the complexities of rolling back Ethereum, highlighting its infeasibility and historical precedents.
- As the debate persists, Ethereum developers prioritize blockchain integrity despite facing substantial crypto exploits.
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TheNewsCrypto
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Crypto Whales Are Buying Into Lunex Network As Bitcoin And Stagnate
- Bitcoin and Ethereum's massive market caps limit their upside potential as investment vehicles.
- Lunex Network (LNEX) is emerging as an attractive alternative for investors seeking asymmetrical ROI.
- Bitcoin rebounds after flash correction, with institutional players continuing to bid.
- Lunex Network redefines DeFi with a cross-chain protocol, low fees, and staking rewards.
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Coinpedia
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Top Altcoins to Watch Next Week: Solana (SOL), Story (IP) and Ethereum (ETH) Prices Prepare for Rebound
- Traders are bullish about a recovery in altcoin prices following Bitcoin’s surge.
- The upcoming ETHDenver conference could lead to increased interest in Ethereum and boost its price.
- SOL is facing challenges under $180, but if demand increases, it could push past this level.
- Story (IP) has seen a drop but could see a correction if it breaks above $5.3.
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TronWeekly
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Bybit Launches $140M Recovery Bounty Program After Record $1.4B Crypto Hack
- Bybit, the world’s second-largest cryptocurrency exchange, launches a $140M Recovery Bounty Program after a $1.4B hack.
- Bybit aims to retrieve assets stolen in the breach and offers 10% of recovered funds to ethical cybersecurity experts and blockchain analysts.
- The hack was linked to the North Korean-affiliated Lazarus Group, and recovery efforts have already yielded $43M in cmETH tokens.
- Bybit received support from various crypto operators, including Tether, Chainalysis, and security firm Hacken, in recovering from the attack.
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Bitcoinist
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Bybit Turns To Bitget And Binance For $239 Million ETH Loan Amid Withdrawal Spike
- Bybit, a popular crypto exchange, is reeling from a $1.5 billion hack in digital assets.
- Bybit receives 88,000 ETH (~$239 million) from Binance and Bitget to cover withdrawal requests.
- Authorities link the hack to the North Korean hacking group, Lazarus Group.
- Bybit's CEO assures users that the exchange remains solvent and customers' funds are backed 1:1.
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Securityaffairs
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Lazarus APT stole $1.5B from Bybit, it is the largest cryptocurrency heist ever
- Crypto exchange Bybit was the victim of a sophisticated attack, and threat actors stole $1.5B worth of cryptocurrency from one of the company’s offline wallets.
- Bybit’s ETH cold wallet was compromised in the attack that masked the signing interface, allowing threat actors to redirect funds to an unknown address.
- The Bybit hack is the largest cryptocurrency heist ever, surpassing previous ones like Ronin Network ($625M), Poly Network ($611M), and BNB Bridge ($566M).
- The cyber heist is attributed to the Lazarus APT group, known for their advanced methods and previous attacks on banks and cryptocurrency exchanges.
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Bitcoinist
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Ethereum Taker Buy Sell Ratio Shows Bullish Divergence – Time For A New Trend?
- Ethereum is struggling to reclaim the $2,700 mark and faces selling pressure.
- A recent hack on Bybit caused panic selling, driving down Ethereum's price.
- CryptoQuant data shows a bullish divergence in Ethereum taker buying, indicating potential recovery.
- The next few days will be crucial in determining if Ethereum can reclaim key levels or face further downside.
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Newsbtc
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Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence
- The Ethereum price dropped after almost $1.5 billion worth of ETH tokens were drained from the ByBit exchange.
- Recent on-chain data suggests that Ethereum's price could still reach $4,000 in this cycle.
- The taker buy/sell ratio of Ethereum has shown a bullish divergence, indicating a potential upward trend.
- If history repeats, Ethereum could rally over 60% from its current price towards the $4,000 mark.
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