#BENZHOU News

Bybit CEO Questions DEXs’ Risk Controls After Hyperliquid ETH Liquidation
cryptonews.com Bybit CEO Ben Zhou has raised concerns about decentralized exchanges (DEXs) and their risk management mechanisms following a massive Ethereum (ETH) liquidation on…

Bybit CEO on ‘brutal’ $4M Hyperliquid loss: Lower leverage as positions grow
cointelegraph.com Bybit CEO Ben Zhou commented on a recent $4 million loss suffered by decentralized exchange (DEX) Hyperliquid due to an Ether whale’s high-leverage trade, noting that…

Hacked crypto exchange Bybit offers $140M bounty to trace stolen funds
techcrunch.com Last week, hackers stole around $1.4 billion in Ethereum cryptocurrency from crypto exchange Bybit, believed to be the largest crypto heist in history. Now the company is…

Lazarus Infects New Batch of JavaScript Packages With Crypto Stealing Malware: Researchers
decrypt.co In a new attack, North Korea's Lazarus group has been linked to six fresh malicious npm packages. Discovered by The Socket Research Team, the latest attack tries to deploy…

OKX in the clear? Exchange denies ‘laundering’ stolen ETH from Bybit hack
ambcrypto.com OKX leadership has refuted allegations of laundering part of Bybit’s $1.5 billion stolen Ethereum [ETH] through its DEX aggregator platform (OKX Web3 wallet). Commenting on…

Is The EU Going to War With Crypto? EU Threatens to Pull OKX License Over Bybit Hack
99bitcoins.com An ongoing EU crypto investigation into OKX for allegedly laundering $100 million from the Bybit hack in February 2025, has seen the European bloc threatening to remove OKX…
EU Regulators Investigate OKX Over Alleged Role In Bybit Hack Money Laundering
99bitcoins.com European Union regulators are reportedly scrutinizing a service offered by crypto exchange OKX that may have facilitated the laundering of $100 million linked to the Bybit…

OKX Claims Bybit Made Misleading Statements About Its Latest Hack
beincrypto.com OKX pushed back against a recent article claiming that EU watchdogs were scrutinizing the exchange over its potential role in the Bybit hack. The firm received a MiCA…

EU watchdogs scrutinizing OKX over $100M in Bybit laundered funds: Report
cointelegraph.com European Union regulators are reportedly looking into a service offered by crypto exchange OKX that may have played a role in the laundering of $100 million in funds from…

Lessons from Bybit Hack Points to Best Wallet Multi-chain Self-Custody Solution, Presale Raises Nearly $11m
cryptonews.com The Best Wallet ($BEST) presale is nearing the $11 million mark, with total funds raised now at approximately $10.93 million. Its native token, $BEST, is currently priced at…

THORChain at crossroads: Decentralization clashes with illicit activity
cointelegraph.com THORChain has been called a money laundering protocol — a label no decentralized finance (DeFi) project wants unless it’s prepared to have regulators breathing down its…

Bybit pitches $140m bounty for those who help round up its stolen crypto
dlnews.com A version of this article appeared in our The Decentralised newsletter on February 25. Sign up here. GM, Tim here. Bybit offers bounty Crypto exchange Bybit is offering up…

From Singapore to Vietnam: How Asia is Emerging as a Leading Crypto Hub in 2025
beincrypto.com Many Asian countries, such as Vietnam, Singapore, Thailand, and others, are demonstrating positive steps toward building a comprehensive legal framework for the crypto…

Bybit CEO Calls Pi Network ‘More Dangerous Than Meme Coins’
beincrypto.com In a recent discussion, Bybit CEO Ben Zhou bluntly stated that Pi Network is “more dangerous than meme coins.” Following Zhou’s remark, the Pi Network community reacted…

Should Crypto Ditch Memecoins? on Bankless
bankless.com Late last Friday, Argentine President Javier Milei tweeted a contract address for a “country-supporting” memecoin called LIBRA which shot up to an FDV of $4.5B within an…

North Korea is likely behind the $1.5bn Bybit hack, researchers say
dlnews.com Hackers affiliated with North Korea likely carried out Friday’s record $1.5 billion hack of crypto exchange Bybit, according to security researchers. Crypto analytics firm…

Bybit secures 80% of hacked Ether through ‘bridge loan’ CEO says
dlnews.com Bybit has secured a “bridge loan” from unnamed partners to cover about 80% of the Ether it lost Friday in a $1.5 billion hack, CEO Ben Zhou said in a live stream on X. Bybit…

Crypto exchange Bybit says it was hacked and lost around $1.4B
techcrunch.com Crypto exchange Bybit announced on Friday that “a sophisticated attack” led to the theft of Ethereum (ETH) from one of the company’s offline wallets. Bybit’s chief executive…

Bybit hit by biggest-ever heist as hackers swipe $1.5bn: ‘This will happen again’
dlnews.com Bybit, the market’s third-largest crypto exchange, has just been hacked for nearly $1.5 billion in Ethereum on Friday. Onchain activity shows the hacker has been selling the…

Safe Wallet Reveals Bybit Hack Details, and Calls for Community Action
cryptonews.com Safe Wallet has released new details on its forensic investigation into the recent Bybit hack, conducted in collaboration with Mandiant, a cybersecurity firm now part of…

Bybit CEO: 77% of Stolen Ethereum Still Traceable
cryptonews.com The days since have knocked the leading altcoin down 21.45%, with Trump’s “tariff war,” NATO tensions, and the stolen Bybit Ethereum steering market sentiments. But now,…
Will This Proposal Block Crypto Laundering On THORChain After Bybit Hack?
99bitcoins.com In 2024, rug pulls and DeFi exploits dominated headlines. No major centralized exchange (CEX) hack resulted in billions lost, a trend the crypto community was beginning to…

Binance Net Inflow Notably Increased After the Bybit Hack
beincrypto.com Binance saw $3.9 billion in net inflows in the week after the Bybit hack. Overall, in February, the exchange saw $5.323 billion in net inflows, showing strong demand and…

Pi Network to Unlock 188 Million Tokens in March
beincrypto.com Pi Network is planning to unlock 188 million tokens in March, making them accessible to over 1 million users. This is a substantially larger user pool than most months. Yet,…

Bybit Asks ParaSwap DAO to Return $100,000 in Hack-Related Fees, Sparks Debate on Nature of DeFi
cryptonews.com Crypto exchange Bybit has confirmed that it’s the entity behind the recently submitted proposal asking the decentralized finance (DeFi) protocol ParaSwap to return fees…

20% of Stolen Bybit Funds ‘Gone Dark,’ Says CEO
bitcoinist.com Bybit’s CEO, Ben Zhou, has provided updates on the recovery of funds stolen during a major hack on the exchange. The incident, which occurred on February 21, involved…

Lazarus Finishes Laundering Stolen Bybit Funds Using THORChain
beincrypto.com The Lazarus Group has already laundered all the unfrozen funds it stole from the recent Bybit hack. The group used THORChain’s DEX to convert ETH tokens, sparking community…

Bybit Hack: Lazarus Group Launders $1.4B in ETH via THORChain, Converts to Bitcoin
thedefiant.io Bybit, a major cryptocurrency exchange, was the victim of a significant hack on February 21, 2025, resulting in the theft of approximately 500,000 ETH, valued at around $1.4…

North Korean Hackers Convert 417,348 Ethereum Worth $1,000,000,000 Into Bitcoin Mostly via THORChain: Bybit CEO
dailyhodl.com The CEO of the recently hacked crypto exchange Bybit says that North Korean hackers have converted 417,348 stolen Ethereum (ETH) into Bitcoin (BTC). According to Bybit CEO…

ByBit CEO: This Is 'Critical' Week to Freeze Funds From $1.4 Billion Hack
decrypt.co The CEO of Bybit has warned that the exchange is in a race against time to recover the $1.4 billion in crypto stolen by North Korean hackers. In an update on X, formerly…

Bybit Hacker Reportedly Launders Entire $1.4B Loot in Just 10 Days
cryptopotato.com The hacker behind the $1.39 billion Bybit exploit is said to have successfully laundered all the 499,000 ETH in just ten days. Despite blockchain analytics firms, law…

Bybit CEO confirms that $280M of the stolen $1.4B is no longer traceable
coinjournal.net Bybit CEO has said that 20% of the $1.4B stolen from the exchange is now untraceable. Hackers converted $1B in ETH to BTC via THORChain and spread it. So far, 11 bounty…

Bybit Can’t Trace $280M in Stolen ETH Anymore, but Can It Track 6,954 BTC Wallets?
financemagnates.com Bybit’s CEO, Ben Zhou, revealed that 20 per cent of the hacked funds from the crypto exchange have “gone dark,” meaning they were either mixed, laundered, or sent to…

Bybit CEO: 77% of Hacked Funds Still Traceable, 20% Lost, 3% Frozen
cryptonews.com Bybit CEO Ben Zhou has provided an update on the movement of hacked crypto funds, revealing that of the $1.4 billion stolen, 77% remains traceable, while 20% has gone dark,…

Bybit CEO says $1 billion of stolen assets still trackable despite hackers mixing funds with THORchain
cryptoslate.com Bybit CEO Ben Zhou has confirmed that $1.07 billion—roughly 77% of the assets stolen in the exchange’s recent $1.4 billion security breach—can still be tracked. In a March 4…

Bybit CEO says 20% from $1.4 billion theft has ‘gone dark’ as hackers swap to bitcoin
theblock.co Bybit's Ben Zhou said that this week and the next are critical for freezing stolen funds as funds will start to clear on trading platforms.

Bybit Hack Latest News: CEO Says 77% of Stolen Funds Still Traceable
coindesk.com Over 77% of the funds stolen in a record hack on crypto exchange Bybit remain traceable, while 20% have "gone dark" and are untraceable, CEO Ben Zhou said in an update on X…

Bybit CEO: 20% of $1.4B stolen funds ‘gone dark’
cointelegraph.com Bybit CEO Ben Zhou confirmed that $280 million in stolen funds has gone dark, with $1.07 billion remaining trackable as investigators race to freeze assets.

Lazarus has finished laundering all the Ethereum it stole from Bybit
coinstats.app Every last 499,000 ETH—worth $1.39 billion—stolen from Bybit by the notorious Lazarus Group has been fully laundered, and it took them only 10 days for the stolen crypto to…

Cybersecurity Wake-Up Call
dailyhodl.com HodlX Guest Post Submit Your Post As someone with deep experience in cross-chain crypto exchanges within Telegram mini-apps, I’d like to share my insights on the current…

‘Just Words’: Arthur Hayes Criticizes US Crypto Strategic Reserve, Cites Funding Concerns
bitcoinist.com Following US President Donald Trump’s announcement of a Crypto Strategic Reserve, some industry figures have questioned the possibility of its establishment. Market watchers…

Biggest Crypto Hacks of All Time
decrypt.co Despite maturing to the point of becoming a multi-trillion-dollar asset class, the crypto world is still ripe with hacks and scams. In fact, the worst one ever just…

This Week in Crypto: Bybit Hack Breaks All Records, Bitcoin Goes Bearish, SEC Drops Coinbase Suit
beincrypto.com This week in crypto, the Lazarus Group stole $1.5 billion from Bybit, yet the exchange has sustained the damage and remained operational. US Bitcoin ETFs saw a record $2.6…

Meme Coins and Non-KYC Exchanges Played A Large Role in Bybit Hack
cryptonews.com Key Takeaways: A major crypto exchange fell victim to a sophisticated hack exploiting wallet vulnerabilities through deceptive code tactics. Cybercriminals used unregulated…
Solana multisig provider conducting ‘comprehensive review’ after Safe exploit
blockworks.co This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Yesterday, Bybit CEO Ben Zhou posted on X that the platform’s $1.4 billion hack had been…
This Week In Crypto Asia: Bybit Enters UAE With In-Principle Approval
99bitcoins.com Despite being caught in the middle of a massive controversy, post the $1.4 billion hack, Bybit has announced securing an In-Principle Approval (IPA) in the UAE. The…

Unity Wallet COO: three factors are affecting crypto market prices
coinjournal.net The Bybit hack has increased fears over centralized exchange security vulnerabilities US President Donald Trump’s trade tariffs are increasing market uncertainty Trump’s…

FBI Points to North Korean Hackers in $1.5 Billion Crypto Breach at Bybit
bitcoinist.com The Federal Bureau of Investigation has implicated North Korean-backed hacking groups in a major cryptocurrency heist involving $1.5 billion in digital assets. The…

How the Bybit Hack Reveals an Industry Still Striving for Transparency
unchainedcrypto.com After North Korean hackers stole 400,000 ether from the crypto exchange Bybit on Friday, CEO Ben Zhou and the rest of his team quickly moved to reassure clients that their…

CZ Criticizes Safe Wallet’s Post-Mortem on Bybit Hack
cryptopotato.com Former Binance CEO Changpeng Zhao (CZ) has criticized Safe Wallet’s post-mortem update on the Bybit hack, calling it “not that great” and raising concerns about how…
Profiting from disaster: Firms look to capitalize on Bybit hack
blockworks.co This is a segment from the 0xResearch newsletter. To read full editions, subscribe. The Bybit $1.4 billion exploit triggered a predictable response: an influx of security…

Bybit Launches Community Effort To Fight North Korean Hackers Lazarus Group After $1,400,000,000 Heist
dailyhodl.com The Bybit CEO is launching a new initiative that calls on the crypto community to help retrieve digital assets stolen by a notorious group of North Korean hackers. Ben Zhou,…