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In what is a concerning development for the cryptocurrency industry, Bybit has confirmed a $1.4 billion Ethereum hack. Indeed, both the cryptocurrency exchange founder, Ben Zhou, and the platform itself have confirmed the incident in a post to X (formerly Twitter). The hacker stole more than $1.4 billion in liquid-staked Ether and MetaETH (mETH), according to on-chain blockchain security analyst ZackXBT. Zhouh updated users, unveiling a Bybit ETH multisig cold wallet that had made the transfer to a warm wallet to steal the funds. However, he assured users, “All other cold wallets are secure.” JUST IN: Bybit founder confirms $1.4 billion $ETH hack. — Watcher.Guru (@WatcherGuru) February 21, 2025 Also Read: Argentina Bitcoin Adoption Surges as ByBit Card Debuts Bybit Faces $1.4 Billion Ethereum Hack, Confirms Founder The cryptocurrency market has taken massive strides forward this year. Indeed, 2025 has seen a host of nations embrace the asset class like never before. Yet, a k...

Leading blockchain-powered poker platform CoinPoker has partnered with PokerCoaching.com, a premier poker training site that has trained over 120,000 players. The new partnership underscores CoinPoker’s commitment to setting new standards in the online poker space. Earlier this month, it became the first platform to demonstrate unprecedented transparency by revealing its proof of reserves (PoR). Now, through this collaboration, CoinPoker offers its users the opportunity to learn from top-tier professional poker players, enhancing and potentially making their gaming experience more lucrative.  In return, PokerCoaching provides its community exclusive access to $2,000 in weekly freerolls via CoinPoker, giving them a chance to play and win with virtually zero risk. Registration for the weekly freerolls is every Sunday, with the next on September 1, 2024. The freerolls begin at 12:00 noon PT, and late registration is permitted until 1 pm PT. ...

The Role of IPFS in the Future of Decentralized Storage! The growing reliance on data in our digital world has brought about an urgent need for more efficient, secure, and scalable storage solutions. Traditional centralized storage systems, though effective, are increasingly being challenged by the sheer volume of data and the demand for privacy and security. Enter decentralized storage, a paradigm shift that leverages blockchain technology to distribute data across multiple nodes, offering enhanced security, privacy, and resilience. At the heart of this revolution lies the InterPlanetary File System (IPFS). What is IPFS? IPFS is a peer-to-peer hypermedia protocol designed to make the web faster, safer, and more open. Unlike traditional HTTP-based storage, which relies on centralized servers, IPFS allows users to host and share files across a decentralized network of nodes. Each file and all of the blocks within it are given a unique fingerprint called a cryptographic hash. This hash a...

Layer 1 blockchain NEAR will integrate Nym Technologies’ data privacy and encryption services for users and DApps operating across its ecosystem. Layer 1 protocol NEAR has tapped blockchain security firm Nym to provide end-to-end encryption and metadata privacy services for its ecosystem. Nym, which provides blockchain agnostic ‘layer 0’ privacy infrastructure, will avail its mixnet tools to encrypt and cloak blockchain traffic and communication across the NEAR Protocol ecosystem. Masking off-chain metadata traffic will protect transaction data during communication and create a barrier for malicious actors looking to de-anonymize users through access to IP addresses. Related: Cricket World Cup to feature Web3 fan app as ICC taps into NEAR blockchain An announcement from the collaborating projects notes that NEAR users will be able to access ecosystem decentralized applications (DApps), DeFi protocols and NFTs with added security and privacy . Nym’s integration aims to provide ad...

The Fantom Foundation has reportedly suffered a significant security breach due to a zero-day exploit on Chrome, leading to the theft of at least $657,000 across its blockchain networks. Fantom Foundation reportedly suffered a zero-day exploit, leading to hackers draining over 35 wallets from the platform’s Fantom and Ethereum networks . The breach was first disclosed by users in a Fantom Foundation Telegram group.  According to the Telegram post, the breach resulted from a zero-day exploit on Google Chrome. Several users also confirmed the story on X. However, most of the foundation’s assets are stored in cold wallets and are not affected. Fantom Foundation allegedly drained on one of their wallets via a Chrome zero day pic.twitter.com/PhBO2TtsAt — Spreek (@spreekaway) October 17, 2023 Leading blockchain security platform, CertiK also confirmed the breach has resulted in a loss of at least $657,000 so far across both Fantom and Ethereum. During the time ...

A total of $4.8 million in funds have now been moved by the hacker to Bitcoin and now Avalanche. The hackers behind cryptocurrency casino Stake’s $41 million hack have shifted another $328,000 million worth of Polygon (MATIC) and Binance Coin (BNB) tokens — its latest moves following the Sept. 4 exploit, according to blockchain security firm CertiK. The most recent transfer involved 300 BNB tokens worth about $61,500 to an externally owned address “0x695…” which were then bridged to the Avalanche blockchain on Sept. 11 at 4:09 pm UTC. Another 520,000 MATIC tokens worth over $266,000 were also moved to Avalanche seven hours earlier at 7:18 am UTC. #CertiKSkynetAlert We are seeing a further movement of funds from the Stake exploiter. 520k MATIC was swapped and bridged to Avalanche before being bridged to BTC as per other fund movements from the exploiter. See more on Skynet https://t.co/Sdsfh29AoF — CertiK Alert (@CertiKAlert) September 11, 2023 The 520,000 MATIC and 300 BNB — t...

Ethical hacking is the practice of identifying and testing vulnerabilities in a system to improve its security and prevent unauthorized access. Ethical hacking, also known as “white hat” hacking, is the process of identifying and exploiting vulnerabilities in a computer system or network in order to assess its security and provide recommendations for improving it. Ethical hacking is done with the permission and knowledge of the organization or individual that owns the system being tested. Ethical hacking aims to find flaws in a system before malevolent hackers may take advantage of them. The same tools and methods used by malevolent hackers are also used by ethical hackers, but their objective is to enhance security rather than cause harm. Here’s how ethical hacking typically works. Planning and reconnaissance The target system or network is investigated by the ethical hacker in order to acquire data that could be utilized to find weaknesses. This could consist of information such as ...

The LIFI executive proposed that a team of four researchers be appointed to study the idea of a multi-bridge approach. As Uniswap DAO’s vote to deploy to BNB chain continues, LIFI CEO Phillip Zentner argued in a February 6 forum post that the current proposal is flawed. According to him, the plan to use Wormhole as the sole governance bridge for Uniswap should be abandoned. Instead, he claimed that Uniswap researchers should work on a standardized system for using multiple bridges to handle governance decisions. The ongoing discussion on @Uniswap's forum is critical for the multi-chain ecosystem in 2023. TL;DR: Uniswap's model for x-chain governance will likely become industry standard. As an unbiased member of the community, @lifiprotocol is rooting for a multi-bridge implementation — Philipp Zentner | LI.FI (@PhilippZentner) February 6, 2023 In the post, Zentner stated that LIFI strongly recommends “that Uniswap not select one bridge provider for its BNB Chain Deployme...