Ben (v2) priceBEN

Today, the digital asset market saw further declines due to recent economic turmoil. Over the past 24 hours, its market capitalization decreased by 1.07% to $2.79 trillion while its transaction volume dropped by 51.72% to $52.79 billion. The fear and greed index decreased to 27 from yesterday’s 28, showing anxiety in the market. The ongoing downturn is due to an interplay of global economic turmoil, new US tariffs, and bearish investor sentiment. On Friday, March 7, 2025, the market fell and investor sentiment turned bearish after news emerged that the US government won’t actively buy cryptocurrencies to be held in a strategic crypto stockpile announced early this week. The White House stated that the crypto reserve would capitalize on assets forfeited in civil and criminal cases. Daily Summary on March 9, 2025$MOVE $ENA $BCH $CRO $ADA $ETH $BTC $XRP $SOL $ADA#dailysummary #DeFi #Crypto pic.twitter.com/UOgFkYYA3B — PHOENIX – Crypto News & Analytics (@pnxgrp) March 9, 2025 How is the market performing today? Bitcoin and prominent altcoins slumped as hopes of the US crypto strategic stockpile waned, worsened by Trump’s tariff plans. Today, BTC’s value is standing at $84,450 after seeing a decline of 2.07% over the past 24 hours. Ether declined by 0.96% making its price currently trading at $2,143. XRP, BNB, and SOL are also down 4.02%, 3.09%, and 1.65% respectively. Similarly, ADA, DOGE, and TRX registered decreases of 3.80%, 5.24%, and 1.82% respectively. Top performers today Despite the significant downturn in the wider market, some assets have performed well. Movement (MOVE) emerged as the top performer in today’s crypto market, with a price surge of 47.18% over the past 24 hours. With the increase in demand for US-based crypto assets following the US crypto strategic stockpile’s announcement, MOVE’s price has garnered huge strength, making it one of the best performers. Ethena (ENA) became the second-best performer after its value rose by 29.50% over the period. ENA is doing well because investors and traders are increasingly accumulating the asset, as they have confidence in its growth potential. Bitcoin Cash (BCH) took the third position with a price increase of 28.88%. BCH is currently in a market rally. On-chain data shows the asset is in a bullish trend, with its open interest surging and transaction rate reaching higher levels. Cronos (CRO) settled on position four with a price jump of 28.38%. CRO has been in an uptrend, with its price growth of 121% recorded over the past month, fuelled by robust investor enthusiasm. Lastly, Cardano (ADA) made it to this list with a price upsurge of 25.58%. ADA has ben seeing incredible increase after Trump announced that the US crypto strategic stockpile would include ADA, SOL, XRP, ETH, and BTC.

Blockworks' @strack_ben and @caseywagnerr will be watching the White House crypto summit even more closely after Howard Lutnick's reported comments

The hacker behind the $1.4B Bybit exploit has reportedly laundered the entire 499,000 ETH in just 10 days, using decentralized finance (DeFi) protocols to conceal their tracks. Despite intense monitoring from blockchain analytics firms, law enforcement, and exchanges, the attacker effectively dispersed the funds across numerous wallets. Bybit CEO Ben Zhou revealed that 83% of the stolen funds—around $1 billion—were converted into Bitcoin (BTC) and spread across 7,000 wallets, with 20% untraceable and 3% frozen. The hacker, believed to be linked to North Korea’s Lazarus Group, used platforms like THORChain and eXch to launder the funds, with only a small portion traced.

77% of $1.4B in hacked ETH remains traceable, Bybit CEO says Bybit CEO Ben Zhou stated on X that the recent hack resulted in the theft of 500,000 $ETH ($1.4 billion) with 77% of the stolen funds currently traceable, 20% untraceable and 3% frozen. Zhou explained that 83% of the…

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 attackers tricked multiple signers. His comments follow an audit report stating that the breach resulted from a compromise of Safe’s infrastructure rather than the exchange’s systems. Safe’s Response Forensic investigations found that compromised Safe Wallet credentials led to the nearly $1.5 billion Bybit exploit. In a statement on X on Wednesday, the crypto wallet provider confirmed the findings, stating that the hack stemmed from a “compromised Safe Wallet developer machine.” The company highlighted that the reports did not identify vulnerabilities in its smart contracts or front-end source code. It also announced that it had fully rebuilt and reconfigured its infrastructure and changed all credentials, ensuring the attack vector was “fully eliminated.” However, CZ criticized the statement, saying: “This update from Safe is not that great. It uses vague language to brush over the issues. I have more questions than answers after reading it.” He questioned what “compromising a Safe {Wallet} developer machine” meant and how the attack happened, asking whether social engineering or a virus was involved. He also inquired how the developer machine had access to an account operated by Bybit and whether the code was deployed directly to production. Further concerns were raised about how the attackers bypassed Ledger verification, whether blind signing was involved, or if signers failed to verify properly. The Report and Updates On February 26, Bybit released a forensic audit conducted by Sygnia and Verichains about the attack. The audit revealed that Safe developer’s credentials had been compromised, giving hackers access to the wallet’s infrastructure, which led to signers being deceived into approving a malicious transaction. According to the report, the exploit was carried out using “malicious JavaScript code” that had been injected into Safe’s Amazon Web Services system two days earlier. The script activated only when transactions came from specific contract addresses, including Bybit’s multi-sig contract and another address suspected to belong to the criminal. Just two minutes after the hack, the attackers removed the malicious code from Safe’s system and disappeared. Forensic experts and the company have also confirmed that Bybit’s infrastructure was not compromised. Since the incident, Bybit has borrowed 40,000 ETH from Bitget to meet withdrawal demands, which have since been repaid. The firm has also restored its reserves through loans, asset purchases, and whale deposits, securing 446,870 ETH valued at $1.23 billion. CEO Ben Zhou confirmed that the exchange now has 100% backing for client assets. The post CZ Criticizes Safe Wallet’s Post-Mortem on Bybit Hack appeared first on CryptoPotato.