Bybit, a popular crypto exchange, is reeling from the massive hack worth $1.5 billion in digital assets. According to reports, the hackers targeted the crypto exchange’s cold wallet, an offline storage system, to steal the exchange’s assets, primarily Ether. On-chain data reveals that the stolen funds were quickly transferred into different wallets and liquidated on several platforms. Ben Zhou, Bybit’s CEO, promptly addressed the hack and told users that the site’s other cold wallets are secure and withdrawals are processed “normally”. As the company struggles with a surge in withdrawal requests, it received over 88,000 ETH (worth around $239 million) from popular exchanges like Binance and Bitget. The fresh crypto transfers from these two popular exchanges boosted Bybit’s liquidity, allowing it serve the customers’ withdrawal requests. Bybit detected unauthorized activity involving one of our ETH cold wallets. The incident occurred when our ETH multisig cold wallet executed a transfer to our warm wallet. Unfortunately, this transaction was manipulated through a sophisticated attack that masked the signing… — Bybit (@Bybit_Official) February 21, 2025 Authorities Link Breach To North Korean Hacking Group Friday’s hacking of the Bybit cold wallet is considered the biggest crypto hacking on record. Arkham Intelligence and Elliptic said the stolen digital assets were quickly transferred to different accounts and liquidated within minutes. Elliptic reports that the hacking is by far the biggest in the industry and easily surpassed the stolen $570 million from Binance in 2022 and the $611 million worth of crypto assets drained from Poly Network in 2021. ByBit CEO says the platform is experiencing “massive withdrawals.” https://t.co/Xi5vhqMqWI — FORTUNE (@FortuneMagazine) February 21, 2025 Elliptic speculated that the Lazarus Group, a state-backed hacking team in North Korea, perpetrated the hack. The Lazarus Group is known for its crypto-hacking activities, stealing billions of dollars from different sites. Bybit Gets Help From Binance And Bitget As Bybit struggled to service the surge of withdrawals, it received help from other popular exchanges to cover the requests. Arkham said the exchange received more than 88,000 Ether or roughly $239 million from Binance and Bitget addresses. The fund infusion can boost the exchange’s current liquidity as it addresses the massive withdrawal requests. Bybit confirmed that its users moved funds from the exchange after the hack was made public. Arkham said Bitget transferred 40,000 Ether, or $106 million, to a Bybit cold wallet on February 21st at 19:44 (UTC). Lookonchain argued that Bitget transferred its funds to the exchange to boost its liquidity and serve as a vote of confidence. After 10 minutes, a Binance hot wallet transferred 11,800 Ether or $31 million to the same Bybit cold wallet address. In total, Binance has transferred 47,800 Ether or $127.48 million. CEO Explains Crypto Exchange Remains Solvent Bybit’s CEO, Ben Zhou, has assured its users and customers that the exchange is solvent. In a Twitter/X post, the CEO explained that the customers’ funds are backed 1:1 and that the company can service the losses even if it fails to recover them. Featured image from Adobe Stock, chart from TradingView
BRICS nations are accelerating efforts to create independent payment systems, aiming to bypass Western financial dominance. BRICS Advances Alternative Payment Systems to Reduce Western Dependence BRICS nations are actively discussing the development of alternative payment platforms to reduce their dependence on American financial systems, Tass reported on Feb. 19, citing Russian Foreign Minister Sergey Lavrov.
Ethereum is facing potential price pressures as market metrics indicate a possible drop towards the $2.1k mark amidst recent sell-offs. Despite a brief period of consolidation around $2.6k in February,
In a significant development for the crypto ecosystem, COINOTAG News reported on February 23rd that Alethea disclosed the Golem Network’s latest activities. The network, which famously raised 820,000 ETH during
Bybit’s $1.4B hack revealed security flaws, with experts from Ledger, Fireblocks, and CZ urging MPC wallets, off-chain settlement, and stronger governance.
Metrics showed that there was a chance of a deeper Ethereum price drop towards $2.1k.
The Next Crypto Giant Could Be Emerging Bitcoin (BTC) and Solana (SOL) didn’t start as giants—they grew into billion-dollar ecosystems by capturing early adopters and delivering game-changing technology. Now, investors are on the hunt for the next altcoin with the potential to explode into a $100 billion market cap. While XRP, Chainlink (LINK), Kaspa (KAS), and Polkadot (DOT) are strong contenders, MAGACOINOFFICIAL.COM is the rising star catching serious investor attention. With over $2 million raised in presale, this could be one of the most lucrative early-stage opportunities of 2025. ACT FAST! USE CODE “MAGA50X” FOR A 50% BONUS BEFORE PRESALE ENDS! Why MAGACOINOFFICIAL.COM Could Be the Next Crypto Titan The best investments happen before mainstream FOMO kicks in, and MAGACOINOFFICIAL.COM is in that prime position. Unlike already-established coins, this is still in its early-phase, making it a high-reward opportunity. Still at ground-floor pricing – Early buyers get the biggest upside before exchange listings. Exclusive availability – Only at MAGACOINOFFICIAL.COM , ensuring early adopters hold an advantage. Potential for 50,000% growth – Analysts are predicting massive long-term upside as adoption increases. ACT FAST! ENTER MAGA50X NOW AND CLAIM YOUR 50% EXTRA BONUS! Altcoins Investors Are Watching Closely XRP: A key player in cross-border payments, with regulatory clarity improving its outlook. Chainlink (LINK): The leading oracle network, critical for DeFi and smart contract automation. Kaspa (KAS): Known for its blockDAG technology, providing lightning-fast and secure transactions. Polkadot (DOT): A top interoperability project, connecting multiple blockchains for seamless integration. ACT FAST! USE CODE “MAGA50X” FOR A 50% BONUS BEFORE PRESALE ENDS! The MAGACOINOFFICIAL.COM Advantage While XRP, LINK, KAS, and DOT offer strong fundamentals, the biggest wealth-building opportunity is in early-stage crypto investments. MAGACOINOFFICIAL.COM is at the perfect moment for investors to capitalize before exchange listings send demand soaring. With increasing momentum and a growing community, this project is shaping up to be a major breakout success. DON’T MISS OUT! APPLY MAGA50X TODAY FOR A 50% EXTRA BONUS! Conclusion Bitcoin and Solana’s meteoric rise to multi-billion-dollar valuations started with early adopters recognizing their potential before the masses. Now, MAGACOINOFFICIAL.COM is in that same position, offering a low presale price, a 50% bonus, and 100x upside potential. DON’T MISS OUT – CLAIM YOUR 50% BONUS NOW AT MAGACOINOFFICIAL.COM WITH CODE “MAGA50X”! Website: MAGACOINOFFICIAL.COM X/Twitter: https://x.com/officialMAGAx Continue Reading: Could This Altcoin Follow Bitcoin & Solana’s Path to a $100 Billion Market Cap?
BlackRock executed a recent $127 million investment in Bitcoin (BTC), sending ripples of excitement through the cryptocurrency market and validating its growing institutional appeal. While Bitcoin (BTC) enjoys a well-deserved surge, whispers are circulating about another cryptocurrency poised to benefit even more significantly. FloppyPepe (FPPE) , an AI-powered meme token, is being tipped for the largest gains. Hence, the question is, why is FloppyPepe (FPPE) attracting so much attention in the wake of the BlackRock massive Bitcoin (BTC) buy-in? BlackRock Go Big On Bitcoin (BTC) With $127M Investment On February 16, BlackRock bought $127 million of Bitcoin (BTC). While BlackRock is known for its large investments, its purchases often show their faith in the token’s growth. However, an analyst has said their recent investment in Bitcoin (BTC) will take an unexpected turn. Crypto veterans expect Bitcoin (BTC) to surge but believe an AI-powered meme token will benefit the most from this transaction. Their rationale is that the combination of this token’s AI feature and its Real-world asset (RWA) attribute will make it a lifeline investment . FloppyPepe (FPPE): A High-Growth AI-powered Meme Token in a Bitcoin-Influenced Market The recent Bitcoin (BTC) surge, triggered by BlackRock’s $127 million investment, dominates news headlines, but seasoned investors pay attention to other developments. FloppyPepe (FPPE) emerged quickly into the spotlight as an AI-powered meme token with significant growth opportunities. Market analysts suggest that this AI-driven coin stands out due to its ability to capitalize on Bitcoin’s (BTC) rising power to draw in both meme enthusiasts and investors seeking quick profits. FloppyPepe (FPPE) is distinct from traditional meme coins because it incorporates AI-driven utilities to strengthen its sustainability. Its AI video agent delivers immediate market analysis for investors to make better decisions. Users will have the opportunity to earn revenue from AI-produced images through a forthcoming text-to-image feature on its Telegram channel. This inventive approach allows FloppyPepe (FPPE) to tap into rapidly expanding areas of the cryptocurrency market. Through its strategic tokenomics model, the FloppyPepe (FPPE) AI-powered Meme token offers more than technology. Through a 3% transaction redistribution system, current holders can earn passive income alongside the benefits of stability and scarcity. By implementing a deflationary burn mechanism, the platform increases asset value and creates opportunities for significant profit growth with rising demand. FloppyPepe (FPPE) prioritizes security and credibility within its fundamental objectives. As such, the network completed a smart contract audit by SolidProof to strengthen its transparency against possible exploits. The project spends a fraction of its revenue on wildlife preservation while showing dedication to improving investor portfolios and creating worldwide change. These elements have improved market trust in this AI-powered meme token. At its current price of $0.0000002 , FloppyPepe (FPPE) presents investors with affordability and profitable potential. Top YouTube crypto influencer NASS Crypto joins market veterans and analysts who support FloppyPepe’s (FPPE) future success. Bitcoin (BTC) leads institutional adoption, but major percentage gains might emerge from AI-powered meme tokens like FloppyPepe (FPPE). This AI-based meme coin stands ready to surpass Bitcoin (BTC) instead of merely following its momentum. FloppyPepe (FPPE) Gains Traction After BlackRock’s Buy-in Bitcoin (BTC) remains the leading cryptocurrency in the world, and BlackRock remains at the top of influential whale networks. Hence, the recent BlackRock investment in Bitcoin (BTC) has strengthened market trust. The most eye-catching aspect of this development is how this move affects altcoins like FloppyPepe (FPPE) . Bitcoin’s (BTC) recent rise demonstrates its established market position, while FloppyPepe’s (FPPE) expected profits demonstrate how the crypto market continues to evolve dynamically. Due to its mix of meme coin characteristics and AI functionalities, this AI-powered meme token benefits from growing interest in intelligent, community-focused projects. While it is uncertain if FloppyPepe (FPPE) will outperform Bitcoin’s (BTC) gains, its rapid growth rate shows it is the most prospective token in the 2025 market. Its affordable entry point makes it an attractive asset for a prosperous crypto market. Join the FloppyPepe (FPPE) presale and community: Website: https://floppypepe.io/ Whitepaper: https://floppypepe.gitbook.io/floppypepe.io Telegram: https://t.me/floppypepeofficial X (Twitter): https://x.com/floppypepe Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Bitcoin Surges As BlackRock Adds $127M In BTC To Its Portfolio; Why This AI-Powered Meme Token Will Benefit The Most appeared first on Times Tabloid .
Robert Kiyosaki warns of an impending economic crash, predicting bitcoin will recover faster than any asset. He urges investors to abandon fiat currency and embrace BTC, gold, and silver. Robert Kiyosaki on the Coming Crash—Says Bitcoin Will Rise Stronger Than Ever Robert Kiyosaki, author of Rich Dad Poor Dad, expressed renewed concerns about a major
On February 23, COINOTAG News reported significant movements in the cryptocurrency space, particularly regarding the influence of high-profile figures. According to the analysis of crypto influencer @lokithebird, it appears that