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Bybit

Bybit hackers moves stolen funds through crypto mixers and Wasabi Wallet
#News
2 mins read
1 year ago

Bybit hackers moves stolen funds through crypto mixers and Wasabi Wallet

The state of CEXs: Binance reserves surge by $4.5B as Bybit sees massive outflows
#News
3 mins read
1 year ago

The state of CEXs: Binance reserves surge by $4.5B as Bybit sees massive outflows

#News
2 mins read
1 year ago

Phishing scams decline for third straight month as losses drop 48% in February

Bybit demands 44.67 ETH back from Paraswap DAO, citing hacker’s swap fees
#News
3 mins read
1 year ago

Bybit demands 44.67 ETH back from Paraswap DAO, citing hacker’s swap fees

Bybit's CEO Ben Zhou: 20% of the hacked funds have gone dark
#News
2 mins read
1 year ago

Bybit’s CEO Ben Zhou: 20% of the hacked funds have gone dark

Lazarus has finished laundering all the Ethereum it stole from Bybit
#News
2 mins read
1 year ago

Lazarus has finished laundering all the Ethereum it stole from Bybit

Bybit hackers resume laundering activities, move 62,200 ETH
#News
3 mins read
1 year ago

Bybit hackers resume laundering activities, move 62,200 ETH

Lazarus Group at it again - New victim suspected in $3.1M Tron hack
#News
3 mins read
1 year ago

Lazarus Group at it again – New victim suspected in $3.1M Tron hack

Immunefi
#News
2 mins read
1 year ago

Crypto losses to hacks & scams hit $1.6B in 2025, up 8x YoY: Immunefi

Mirana Ventures, Ethereum, ETH
#News
3 mins read
1 year ago

Mirana Ventures, related to the founders of Bybit, keeps buying the dip on Ethereum (ETH)

Ethereum erases 50% value post-Trump markets
#News
3 mins read
1 year ago

Ethereum erases 50% value post-Trump markets

#News
2 mins read
1 year ago

Wallet of Mask Network’s founder drained, all assets swapped to Ethereum (ETH)

Bybit
#News
1 mins read
1 year ago

Bybit receives second in-principle approval in UAE

bitcoin
#Bitcoin
3 mins read
1 year ago

Bitcoin (BTC) monthly options expiry gives last chance to spark a rally

CZ reacts to Bybit’s detailed forensics report on the recent $1.4B hack
#News
3 mins read
1 year ago

CZ reacts to Bybit’s detailed forensics report on the recent $1.4B hack

ZachXBT: Hackers compromise Pump.fun X account, issuing fake memecoin announcements
#News
4 mins read
1 year ago

ZachXBT: Hackers compromise Pump.fun X account, issuing fake memecoin announcements

New Phishing SMS scam related to the Bybit hack now targets the Binance exchange clients
#News
3 mins read
1 year ago

New Phishing SMS scam related to the Bybit hack now targets the Binance exchange clients

Ethena Labs closes proof of reserves oracle deal after Bybit hack caused weekend depeg scare
#News
5 mins read
1 year ago

Ethena Labs closes proof of reserves oracle deal after Bybit hack caused weekend depeg scare

#News
3 mins read
1 year ago

Bybit sics entire crypto sector on North Korean hackers with Lazarus Bounty platform

Ether set for its worst February in years? 25% drop raises red flags
#News
2 mins read
1 year ago

Ether set for its worst February in years? 25% drop raises red flags

US authorities seize $31M in crypto linked to 2021 Uranium Finance hack
#News
3 mins read
1 year ago

US authorities seize $31M in crypto linked to 2021 Uranium Finance hack

The crypto market faced an onslaught of liquidations this February. The latest round of unwinding affected fewer positions in dollar terms, but caused a deeper drawdown for Bitcoin (BTC) and all other leading assets.  Traders got liquidated for over $809M, attacking both short and long positions. The latest liquidation event pressured Bitcoin (BTC) to break under its range, sinking to the $88,000 level. Newer data shows the liquidations continue, expanding to $1.48B in 24 hours.  For exchanges, however, any market conditions can lead to a payday in terms of fees and other sources of income related to the leveraged trade. It was precisely leveraged positions that drove the market, as traders deposited record liquidity in stablecoins.  One way exchanges benefit from turbulence is through funding fees, which accrue when holding a position. One whale on Hyperliquid accrued over $2.16M to avoid liquidation and retain their position.  Liquidations, increased trading volumes, and additional fees are boosting exchange revenues, even as crypto assets flounder. The recent crash for BTC and Ethereum (ETH) also followed a day of increased transfers from exchanges to market makers.  Exchanges have different liquidation fee schedules. Binance charges a 2% liquidation fee and 3% for pro traders.  After the recent liquidations, BTC sees extremely sparse long positions, as low as $86,000. Liquidity has now shifted to short positions up to $99,700, suggesting a market recovery may follow to challenge the most liquid tiers. The first big accumulation of liquidity is at $92,000, suggesting BTC may make a price move in that direction. Market crash helped Bybit repay its loans The recent ETH market crash made it much easier for Bybit to cover its loans. The exchange had excess liquidity for some stablecoins but lacked the needed ETH to repay in kind. Initially, it was hard for Bybit to source ETH, and the asset was trading above $2,700.  In the past 24 hours, Bybit has been using multiple avenues to acquire more ETH. The latest purchase was for another 36,893 ETH, acquired through an OTC deal. The funds originated from a high-value wallet, sent through an intermediary address created three days ago. Bybit has sourced an estimated 212,101 ETH through OTC deals in the past day, reflecting the new lowered price. The latest ETH dip to $2,370.28 meant the Bybit loan was now much cheaper and covered much faster. The rapid unraveling of assets led to peak volumes on Bybit. The exchange also became the leader in new liquidations.  Bybit liquidations do not directly translate into fund inflows Over 45% of all liquidations for the past day happened on Bybit. In the past 24 hours, over $675M were liquidated on Bybit, affecting 94.42% in long positions. The current level of liquidations is unusual for Bybit, and usually affects Binance the most, leading to more suspicions of market tampering. Bybit increased its volumes and influence in the past weeks, lining up among top-tier exchanges just before its $1.5B hack.  Bybit liquidations led the way, even surpassing activity on Binance's leveraged market. | Source: Coinglass The accrued long positions were indeed attackable, but the ability to sell large amounts of ETH raised suspicions that exchanges were coordinating to bring down the market and clear all leverage. In the end, the decision to hold leveraged positions belongs to traders, who took the risk that whales could sell and depress the market. During a liquidation event, the funds are paid out to traders that have taken the opposite position, and for covering the exchange’s claims if the positions are still open. Bybit may still hold some of the liquidated funds in its insurance fund.  At this point, it is difficult to estimate Bybit's exact share. It is unknown if the exchange itself trades against other users. The final funds available to Bybit would also depend on the leverage of the positions and the minimal funds left in the margin accounts. Some exchanges may act as market makers and retain a part of the liquidated funds.
#News
3 mins read
1 year ago

Exchanges stack liquidation fees as market downturn breaks leveraged positions

Bybit exchange repays 40,000 ETH post-hack loan from Bitget
#News
3 mins read
1 year ago

Bybit exchange repays 40,000 ETH post-hack loan from Bitget

Chainflip to prevent the illegal flow of Bybit hacker funds through protocol upgrades
#News
3 mins read
1 year ago

Chainflip to prevent the illegal flow of Bybit hacker funds through protocol upgrades

Bybit exchange hackers launder 89,500 ETH (worth about $224 million) in the past 2.5 days
#News
3 mins read
1 year ago

Bybit exchange hackers launder 89,500 ETH (worth about $224 million) in the past 2.5 days

Binance, Kraken move large amounts of ETH and SOL in sales and position shifts
#News
3 mins read
1 year ago

Binance, Kraken move large amounts of ETH and SOL in sales and position shifts

Bybit seals ETH shortfall, CEO confirms new proof-of-reserves incoming
#News
2 mins read
1 year ago

Bybit seals ETH shortfall, CEO confirms new proof-of-reserves incoming

Lazarus Group launches ‘QinShihuang’ meme coin to launder $26M more from Bybit stash
#News
4 mins read
1 year ago

Lazarus Group launches ‘QinShihuang’ meme coin to launder $26M more from Bybit stash

Bybit restores nearly half of Ether reserves following $295M OTC purchase
#News
2 mins read
1 year ago

Bybit restores nearly half of Ether reserves following $295M OTC purchase

Ethereum core developer rejects calls for rollback after Bybit’s hack, citing “ripple effects”
#Ethereum
3 mins read
1 year ago

Ethereum core developer rejects calls for rollback after Bybit’s hack, citing “ripple effects”

mETH Protocol and Tether lead campaign to freeze Bybit hacker's bounty
#News
4 mins read
1 year ago

mETH Protocol and Tether lead campaign to freeze Bybit hacker’s bounty

Bybit launches $140 million recovery bounty program for stolen $1.5 billion
#News
2 mins read
1 year ago

Bybit launches $140 million recovery bounty program for stolen $1.5 billion

Billionaire investor Novogratz credits XRP army’s role in token’s longevity as SEC drops key crypto cases
#XRP
3 mins read
1 year ago

Billionaire investor Novogratz credits XRP army’s role in token’s longevity as SEC drops key crypto cases

Lazarus starts laundering the 40,000 Ether it stole from Bybit
#News
2 mins read
1 year ago

Lazarus starts laundering the 400,000 Ether it stole from Bybit

Analysts blame deregulation for $1.5 billion Bybit hack
#News
3 mins read
1 year ago

Analysts blame deregulation for $1.5 billion Bybit hack

Bybit Ethereum hack case
#News
2 mins read
1 year ago

Bybit reports $1.5B hack to the authorities, working to block stolen ETH sales

North Korea's Lazarus Group exposed as the group behind Bybit hack
#News
2 mins read
1 year ago

North Korea’s Lazarus Group exposed as the group behind Bybit hack

Binance, Bitget transfer over 50,000 ETH to Bybit cold wallets
#News
2 mins read
1 year ago

Binance, Bitget transfer over 50,000 ETH to Bybit cold wallets

Ben Zhou, CEO: Bybit is solvent, will cover all claims despite a growing withdrawal queue
#News
3 mins read
1 year ago

Ben Zhou, CEO: Bybit is solvent, will cover all claims despite a growing withdrawal queue

#News
2 mins read
1 year ago

Bybit reveals real-time liquidation data after underreported figures

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