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🚨😱😱 400,000 ETH Stolen on Bybit: Here’s What Actually Happened Have you ever felt that sudden jolt when you notice something valuable is gone? The crypto scene experienced a shock exactly like that this afternoon, when 400,000 ETH (worth about 1.46 billion USD) vanished from Bybit. It’s a record-breaking hack that has many observers wondering: How could this happen on a platform people rely on for safe trading? The Biggest Crypto Theft to Date Hacks are not new in the crypto industry, but losing 400,000 ETH all at once is enormous. This recent incident outstrips the massive Ronin sidechain attack back in 2022, setting a grim new milestone. Ben Zhou, Bybit’s CEO, confirmed that a cold wallet was targeted. According to on-chain analyst ZachXBT, the funds were mostly stored as mETH and sETH (liquid staking tokens), which the hackers quickly swapped for regular Ether through decentralized exchanges. No one likes seeing large sums of digital currency being carted off, and the mood around the community is understandably tense. A few high-profile figures chimed in almost immediately: Changpeng Zhao (CZ), former Binance CEO, advised pausing withdrawals. It might sound drastic, yet it’s a common tactic to halt further losses if suspicious transactions keep popping up. Justin Sun, the Tron CEO, declared that he’s ready to help Bybit. His statement struck some as heartfelt, others as purely strategic, but that’s typical in a landscape where personal influence can make a difference. Arkham, well known for blockchain intelligence, announced a reward (50,000 ARKM tokens) for anyone able to identify the hackers. That bounty sits around 33,600 USD and reflects the drive to track stolen funds before they vanish into digital anonymity. BitMEX Research, for its part, reviewed Bybit’s reserves and noted that the platform appears able to cover these losses without harming client accounts. This point offers a glimmer of relief for Bybit customers, although it doesn’t erase the sting of the biggest ETH theft in crypto history. Familiar Patterns and Potential Suspects One detail stirring particular suspicion is the method used to fool Bybit’s multi-signature wallet. According to Ben Zhou, each authorized signer saw a manipulated interface that pointed to the correct address. Behind the scenes, though, the actual code changed the entire wallet contract logic. This gave the hacker direct access, allowing all of that Ether to flow right out. Some security experts compared it to the WazirX attack from last summer, which investigators attributed to the North Korean Lazarus group. That earlier hack never led to any meaningful fund recovery, so a lot of folks worry the same will happen again. ZachXBT reports that the stolen Ether has already been split among more than 48 addresses. That’s a cunning move because it spreads the loot out, making it harder for investigators and for law enforcement groups to trace. Meanwhile, the rest of Bybit’s cold wallets remain untouched, so it’s not a total meltdown. But 400,000 ETH is too big a loss to shrug off. Still, the exchange’s day-to-day operations haven’t screeched to a halt. You might think the entire platform would freeze, but Bybit has continued running, and user balances remain unaffected. The company holds around 20 billion USD across all its reserves, so covering a 1.46 billion USD shortfall looks possible. But if you’re storing crypto anywhere, you’ve likely found yourself double-checking your wallet settings. Nobody wants to be caught off guard. $ETH

Why $TUP Could Be a Hidden Gem Before the Next Rally The crypto market is a game of patience and positioning. While many investors panic during downturns, smart money looks for projects that continue building. TenUp (TUP) is one of those projects expanding its ecosystem while the market resets. What Makes TenUp Stand Out? Unlike projects that disappear in bear markets, TenUp is consistently evolving: 🔥 Gaming Expansion: Mini-games platform to drive engagement. 🔥 Copy Trading Exchange : Bringing smart trading tools to investors. 🔥 Staking & Passive Rewards: Long-term incentives for holders. 🔥TeNUP USDT Trading Platform: Simplifying buying and selling. 🔥 Upcoming Exchange Listings: More visibility, more liquidity. Altseason: The Turning Point When Bitcoin stabilizes, the real altcoin movement begins. The question isn’t if, but when. TenUp is positioned to capitalize on that shift with its ongoing developments. What’s Coming? 🚀 Market Recovery As ETH and other alts move, mid-cap gems follow. 🚀 Stronger Community & Ecosystem: Consistent growth attracts long-term investors. Final Thought Price action is temporary, but real development lasts. The next bull run will reward projects with strong fundamentals. Why is the Market Still Down? The entire crypto market is in a waiting phase. Here’s why: 🔹 Bitcoin Dominance Most liquidity is still parked in BTC, delaying altcoin movements. 🔹 Macroeconomic Conditions High interest rates and regulatory changes have slowed market growth. 🔹 Investor Sentiment Fear and uncertainty have kept new retail investors on the sidelines. $PI $BGSOL $IP $BAN $ETH $BTC $SOL $JELLYJELLY $KAITO $J

Gary Cardone sells his $81,000 worth of XRP holdings, questioning the asset’s long-term potential. Cardone’s exit sparks mixed reactions, with some agreeing with his approach. Analyst Cypress Demanincor challenges Cardone, citing extensive research and XRP’s growth potential. The XRP community has strongly reacted to the heated debate sparked by financial expert Gary Cardone’s disclosure. He announced he was liquidating his entire XRP holdings. This announcement has reignited discussions about XRP’s future and investment strategy. Gary Cardone’s XRP Exit: “No Confidence” Gary Cardone revealed on X that he had sold XRP holdings worth $81,000. In his post, he voiced doubt over XRP’s long-term potential. He also criticized the lack of clarity in its supply-demand dynamics. To explain his move, he outlined six investment principles that influenced his decision. These included avoiding investments that are not easily explainable. Another principle was resisting herd mentality. While he wished XRP holders well, he made it clear he was not confident in the asset’s profitability. Mixed Reactions: Cautious Agreement vs. Veteran Investor Quest… The post XRP Holders Fire Back After Gary Cardone Says “I Sold My $81,000 XRP” appeared first on Coin Edition.

South Korea to lift its ban on institutional crypto trading from 2025 Phased rollout to allow non-profits, universities, and listed companies to trade crypto South Korea looking to support blockchain businesses with clearer regulations South Korea is set to lift its ban on institutional crypto trading. Through 2025, a number of institutions, such as non-profits, universities, law enforcement agencies, and listed companies, will gain permission to trade crypto assets like Bitcoin and Ethereum. This move follows years of strict rules aimed at controlling speculation and managing money laundering risks in the crypto market South Korea’s government has long had strict regulations on crypto trading. In 2017, the Financial Services Commission (FSC) banned Initial Coin Offerings (ICOs) due to concerns over speculative investments. This was followed by a ban on financial institutions offering crypto services and the start of a real-name trading system to ensure transaction accountability. By 2018, Anti-Money Laundering (AML) regulations were put in place, setting the stage for more detailed oversight of crypto activities. Source: Kaiko AML Checks and the … The post South Korea Ends Years-Long Ban on Institutional Crypto Trading: 2025 Target appeared first on Coin Edition.

XRP could find support near $2.24 if it fails to recover $2.72 XRP failed to maintain a move above the $2.72 level after experiencing a 3% decline in the past 24 hours. This marks a pullback following its 10% recovery last week. The 14-day Exponential Moving Average (EMA) near the $2.55 level could provide support for XRP to bounce back above $2.72. However, if the $2.55 support fails, the remittance-based token could decline to the $2.24 support level. The Relative Strength Index RSI and Stochastic Oscillator are above their neutral levels but trending downwards, indicating weakening bullish momentum. A daily candlestick close below $1.96 will invalidate the thesis and send XRP toward the $1.35 level. $XRP