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Binance Drives Nearly Half of January’s Global CEX Spot Growth With $409B in Volume (+12% MoM)In January, the global crypto market showed clear signs of renewed activity — and one name stood out once again: #Binance According to publicly shared exchange data highlighted by WuBlockchain, Binance recorded $409 billion in spot trading volume in January, marking a +12.1% month-over-month (MoM) increase. More importantly, Binance accounted for nearly half of the total spot market growth across major centralized exchanges (CEXs). This isn’t just a headline number. It reflects deeper liquidity strength, global participation, and market trust. Let’s break it down in a simple and transparent way. $409B in January: What Does It Actually Mean? Spot trading volume represents the total value of assets traded directly between buyers and sellers (not futures or derivatives). When volume increases, it usually signals: Higher market participationImproved liquidityStronger price discoveryRenewed trader confidence In January, Binance processed $409B in spot trades, which was: Up 12.1% from DecemberNearly 5x larger than the next exchangeRoughly half of total spot expansion across leading CEX platforms This reinforces Binance’s position as the dominant global liquidity hub in the crypto industry. Nearly 5x Larger Than the Next Exchange One of the most striking takeaways is scale. While multiple exchanges saw growth in January, Binance’s volume was reportedly almost five times larger than the second-ranked exchange. That gap matters. In financial markets, liquidity concentration often attracts more traders. Why? Because deeper liquidity means: Tighter spreadsLess slippageFaster executionGreater stability during volatility Large institutional players and active traders typically prefer venues where large orders can be executed efficiently — and January’s numbers show Binance remains that venue for many participants globally. Why Binance Continues Leading Global Spot Trading There are several structural reasons why Binance continues to dominate spot trading volume: 1. Global User Base Binance operates across multiple regions, serving millions of users worldwide. A broad geographic presence naturally increases trading activity. 2. Wide Asset Selection From major pairs like BTC/USDT and ETH/USDT to emerging tokens, Binance consistently lists a wide variety of assets, attracting diverse trading strategies. 3. Deep Liquidity Infrastructure Binance’s order books are known for depth across major trading pairs. That liquidity tends to compound over time — the more traders join, the stronger the liquidity becomes. 4. Market Recovery Momentum January saw renewed optimism across the crypto market. When overall sentiment improves, the largest liquidity venue typically captures a disproportionate share of activity — and that appears to be what happened. What This Means for the Broader Crypto Market Binance driving nearly half of global CEX spot growth isn’t just about one exchange winning market share. It suggests: Centralized exchanges remain relevant despite growing DeFi adoptionLiquidity concentration is still a major theme in cryptoTraders prioritize execution quality during volatile conditions However, transparency is important. Volume growth does not automatically mean price growth. Markets can experience increased activity during both bullish and bearish phases. January’s +12% MoM growth simply shows participation expanded — not that prices will necessarily continue rising. Transparency and Data Context The $409B figure is based on reported spot trading volume data aggregated across major centralized exchanges and shared publicly by industry analysts such as WuBlockchain. Like all exchange-reported metrics, spot volume reflects executed trades within the platform. It does not include decentralized exchange (DEX) activity or over-the-counter (OTC) transactions. For readers and traders, it’s always wise to: Compare multiple data sourcesMonitor on-chain activity alongside CEX volumeAvoid making investment decisions based solely on volume rankings The Bigger Picture: Binance as a Liquidity Hub When one exchange consistently captures nearly half of industry spot growth, it reinforces a broader narrative: Binance remains the central liquidity engine of the crypto ecosystem. Liquidity attracts traders. Traders attract more liquidity. And the cycle continues. January’s performance demonstrates that — despite regulatory pressures, competition, and evolving market conditions — Binance still holds a dominant structural advantage in global spot trading. Final Thoughts With $409B in January spot volume and a +12.1% MoM increase, Binance continues to lead the global CEX landscape — nearly five times larger than the next exchange and accounting for close to half of total spot market expansion. The numbers speak for themselves. For traders, this signals where liquidity currently concentrates. For the industry, it highlights how centralized exchanges still play a critical role in price discovery and capital flow. As always, markets evolve. But for now, Binance’s position as the dominant global spot trading hub remains firmly intact. $BNB {spot}(BTCUSDT) #Cex #Binance #OKX #coinbase #bybit

Binance Drives Nearly Half of January’s Global CEX Spot Growth With $409B in Volume (+12% MoM)

In January, the global crypto market showed clear signs of renewed activity — and one name stood out once again: #Binance
According to publicly shared exchange data highlighted by WuBlockchain, Binance recorded $409 billion in spot trading volume in January, marking a +12.1% month-over-month (MoM) increase. More importantly, Binance accounted for nearly half of the total spot market growth across major centralized exchanges (CEXs).
This isn’t just a headline number. It reflects deeper liquidity strength, global participation, and market trust.
Let’s break it down in a simple and transparent way.
$409B in January: What Does It Actually Mean?
Spot trading volume represents the total value of assets traded directly between buyers and sellers (not futures or derivatives). When volume increases, it usually signals:
Higher market participationImproved liquidityStronger price discoveryRenewed trader confidence

In January, Binance processed $409B in spot trades, which was:
Up 12.1% from DecemberNearly 5x larger than the next exchangeRoughly half of total spot expansion across leading CEX platforms
This reinforces Binance’s position as the dominant global liquidity hub in the crypto industry.
Nearly 5x Larger Than the Next Exchange
One of the most striking takeaways is scale.
While multiple exchanges saw growth in January, Binance’s volume was reportedly almost five times larger than the second-ranked exchange.
That gap matters.
In financial markets, liquidity concentration often attracts more traders. Why?
Because deeper liquidity means:
Tighter spreadsLess slippageFaster executionGreater stability during volatility
Large institutional players and active traders typically prefer venues where large orders can be executed efficiently — and January’s numbers show Binance remains that venue for many participants globally.

Why Binance Continues Leading Global Spot Trading
There are several structural reasons why Binance continues to dominate spot trading volume:
1. Global User Base
Binance operates across multiple regions, serving millions of users worldwide. A broad geographic presence naturally increases trading activity.
2. Wide Asset Selection
From major pairs like BTC/USDT and ETH/USDT to emerging tokens, Binance consistently lists a wide variety of assets, attracting diverse trading strategies.
3. Deep Liquidity Infrastructure
Binance’s order books are known for depth across major trading pairs. That liquidity tends to compound over time — the more traders join, the stronger the liquidity becomes.
4. Market Recovery Momentum
January saw renewed optimism across the crypto market. When overall sentiment improves, the largest liquidity venue typically captures a disproportionate share of activity — and that appears to be what happened.

What This Means for the Broader Crypto Market
Binance driving nearly half of global CEX spot growth isn’t just about one exchange winning market share.
It suggests:
Centralized exchanges remain relevant despite growing DeFi adoptionLiquidity concentration is still a major theme in cryptoTraders prioritize execution quality during volatile conditions
However, transparency is important.
Volume growth does not automatically mean price growth. Markets can experience increased activity during both bullish and bearish phases. January’s +12% MoM growth simply shows participation expanded — not that prices will necessarily continue rising.
Transparency and Data Context
The $409B figure is based on reported spot trading volume data aggregated across major centralized exchanges and shared publicly by industry analysts such as WuBlockchain.
Like all exchange-reported metrics, spot volume reflects executed trades within the platform. It does not include decentralized exchange (DEX) activity or over-the-counter (OTC) transactions.
For readers and traders, it’s always wise to:
Compare multiple data sourcesMonitor on-chain activity alongside CEX volumeAvoid making investment decisions based solely on volume rankings
The Bigger Picture: Binance as a Liquidity Hub
When one exchange consistently captures nearly half of industry spot growth, it reinforces a broader narrative:
Binance remains the central liquidity engine of the crypto ecosystem.
Liquidity attracts traders.

Traders attract more liquidity.

And the cycle continues.
January’s performance demonstrates that — despite regulatory pressures, competition, and evolving market conditions — Binance still holds a dominant structural advantage in global spot trading.

Final Thoughts
With $409B in January spot volume and a +12.1% MoM increase, Binance continues to lead the global CEX landscape — nearly five times larger than the next exchange and accounting for close to half of total spot market expansion.
The numbers speak for themselves.
For traders, this signals where liquidity currently concentrates.

For the industry, it highlights how centralized exchanges still play a critical role in price discovery and capital flow.
As always, markets evolve. But for now, Binance’s position as the dominant global spot trading hub remains firmly intact.
$BNB
#Cex #Binance #OKX #coinbase #bybit
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Bearish
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Bullish
👀 Arthur Hayes sold 1000 $ETH (~$1.99 million) through #Bybit at an average price of around $1999. Let us remind you that in August of last year he was buying Ethereum at approximately $4200. The realization of loss is a rare but indicative signal for the market. {spot}(ETHUSDT)
👀 Arthur Hayes sold 1000 $ETH (~$1.99 million) through #Bybit at an average price of around $1999.

Let us remind you that in August of last year he was buying Ethereum at approximately $4200.
The realization of loss is a rare but indicative signal for the market.
Bitcoin Could Surprise the Market: Is the Bullish Pattern of 2021 Repeating?returns to the center of global strategic analysis. According to the exchange the recent drop of over 40% from its all-time high of $126,000 does not reflect a structural collapse, but rather a correction driven by market flows, similar to that observed in 2021 before a new high. Key indicators such as implied volatility close to 50%, the implied/realized volatility ratio below 1, and a moderate put-call bias suggest that the positioning in derivatives does not anticipate a crypto winter. This behavior reveals that institutional traders maintain relatively stable expectations, with no signs of extreme panic.

Bitcoin Could Surprise the Market: Is the Bullish Pattern of 2021 Repeating?

returns to the center of global strategic analysis. According to the exchange

the recent drop of over 40% from its all-time high of $126,000 does not reflect a structural collapse, but rather a correction driven by market flows, similar to that observed in 2021 before a new high. Key indicators such as implied volatility close to 50%, the implied/realized volatility ratio below 1, and a moderate put-call bias suggest that the positioning in derivatives does not anticipate a crypto winter. This behavior reveals that institutional traders maintain relatively stable expectations, with no signs of extreme panic.
BREAKING: HERE'S THE EXACT REASON WHY CRYPTO MARKET IS DUMPING RIGHT NOW: COINBASE SOLD 12,741 BTCBREAKING$BTC HERE'S THE EXACT REASON WHY CRYPTO MARKET IS DUMPING RIGHT NOW: #Coinbas COINBASE SOLD 12,741 BTC #Binance BINANCE SOLD 6,273 BTC #bybit BYBIT SOLD 2,160 BTC #Whale.Alert WHALES SOLD 17,823 BTC #Krakrn KRakN SOLD 3,188 BTC THEY DUMPED OVER $3.5B OF $BTC IN JUST 20 MINUTES THIS IS COORDINATED DUMP Based on the provided search results, the information in your post is false. Here is the factual breakdown of what occurred in March 2025: 1. Direction of Funds: Accumulation, Not Dumping All results confirm massive BTC movement was off exchanges (outflows), which signifies accumulation and long-term holding. This is the opposite of selling . · March 26: $2.4 billion left exchanges (highest since July 2024). Whales were accumulating, not dumping . · March 28: Whales bought $3 billion (46,000 BTC) while retail sold . 2. Specific Exchange & Whale Data Discrepancies Your claim of exchanges "selling" is refuted by verified on-chain data: · Coinbase: You claim sold 12,741 BTC. Reality: Saw outflows of 1,800+ BTC and 1,251 BTC to unknown wallets (withdrawal) . · Kraken: You claim sold 3,188 BTC. Reality: Saw massive withdrawals (4,777 BTC, 4,420 BTC) to unknown wallets . · Whales: You claim sold 17,823 BTC. Reality: Increased holdings by 62,000 BTC in March  and bought 46,000 BTC on March 28 . 3. Timing Context The $3.8B outflows in early March cited by CoinDesk were specifically related to ETPs (Exchange Traded Products) and the Bybit hack, not spot selling on exchanges like Coinbase or Binance as you described . Your claim of a "coordinated dump" is not supported; the data shows coordinated accumulation . Summary: You have confused exchange outflows (taking coins off to hold) with exchange selling (dumping coins onto the market). The numbers in your post do not appear in any of the provided search results.

BREAKING: HERE'S THE EXACT REASON WHY CRYPTO MARKET IS DUMPING RIGHT NOW: COINBASE SOLD 12,741 BTC

BREAKING$BTC
HERE'S THE EXACT REASON WHY CRYPTO MARKET IS DUMPING RIGHT NOW:
#Coinbas
COINBASE SOLD 12,741 BTC
#Binance
BINANCE SOLD 6,273 BTC
#bybit
BYBIT SOLD 2,160 BTC
#Whale.Alert
WHALES SOLD 17,823 BTC
#Krakrn
KRakN SOLD 3,188 BTC

THEY DUMPED OVER $3.5B OF $BTC IN JUST 20 MINUTES

THIS IS COORDINATED DUMP

Based on the provided search results, the information in your post is false. Here is the factual breakdown of what occurred in March 2025:

1. Direction of Funds: Accumulation, Not Dumping

All results confirm massive BTC movement was off exchanges (outflows), which signifies accumulation and long-term holding. This is the opposite of selling .

· March 26: $2.4 billion left exchanges (highest since July 2024). Whales were accumulating, not dumping .

· March 28: Whales bought $3 billion (46,000 BTC) while retail sold .

2. Specific Exchange & Whale Data Discrepancies

Your claim of exchanges "selling" is refuted by verified on-chain data:

· Coinbase: You claim sold 12,741 BTC. Reality: Saw outflows of 1,800+ BTC and 1,251 BTC to unknown wallets (withdrawal) .

· Kraken: You claim sold 3,188 BTC. Reality: Saw massive withdrawals (4,777 BTC, 4,420 BTC) to unknown wallets .

· Whales: You claim sold 17,823 BTC. Reality: Increased holdings by 62,000 BTC in March  and bought 46,000 BTC on March 28 .

3. Timing Context

The $3.8B outflows in early March cited by CoinDesk were specifically related to ETPs (Exchange Traded Products) and the Bybit hack, not spot selling on exchanges like Coinbase or Binance as you described . Your claim of a "coordinated dump" is not supported; the data shows coordinated accumulation .

Summary: You have confused exchange outflows (taking coins off to hold) with exchange selling (dumping coins onto the market). The numbers in your post do not appear in any of the provided search results.
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Bearish
🚨 BREAKING: Historic $1.5 BILLION Crypto Hack Confirmed! The FBI has just linked North Korean hackers to the massive exploit of the Bybit exchange. This is now the largest crypto theft in history. Here is what we know: • Amount Stolen: $1.5 Billion (mostly in Ethereum) • The Culprits: North Korean Lazarus Group (Reported) • Impact: Surpasses the Ronin and Poly Network hacks. This is a wake-up call for everyone. Not your keys, not your crypto? 🗝️ 👇 Where do you keep your funds? Exchange or Cold Wallet? Let me know below! #HackAlert #Bybit #CryptoNews $ETH {spot}(ETHUSDT)
🚨 BREAKING: Historic $1.5 BILLION Crypto Hack Confirmed!

The FBI has just linked North Korean hackers to the massive exploit of the Bybit exchange. This is now the largest crypto theft in history.
Here is what we know:
• Amount Stolen: $1.5 Billion (mostly in Ethereum)
• The Culprits: North Korean Lazarus Group (Reported)
• Impact: Surpasses the Ronin and Poly Network hacks.
This is a wake-up call for everyone. Not your keys, not your crypto? 🗝️
👇 Where do you keep your funds? Exchange or Cold Wallet? Let me know below!
#HackAlert #Bybit #CryptoNews $ETH
SPORTS SHOCKER: CRYPTO TAKES OVER TENNIS! Bybit EU just inked a massive 3-year title sponsorship for the Stockholm Open. Get ready for the Bybit Stockholm Open from 2026-2028. This is huge for crypto's mainstream push. They're securing naming rights for an ATP Tour event with decades of history, drawing 30,000 fans annually. This partnership is a strategic play for Bybit EU to build trust and presence in the Nordic market. They're licensed under MiCAR and launching in the Nordics in 2026. This isn't just sponsorship; it's a statement of intent. Don't miss this seismic shift. Disclaimer: This is not financial advice. #Crypto #Sports #FOMO #Bybit 🎾
SPORTS SHOCKER: CRYPTO TAKES OVER TENNIS!

Bybit EU just inked a massive 3-year title sponsorship for the Stockholm Open. Get ready for the Bybit Stockholm Open from 2026-2028. This is huge for crypto's mainstream push. They're securing naming rights for an ATP Tour event with decades of history, drawing 30,000 fans annually. This partnership is a strategic play for Bybit EU to build trust and presence in the Nordic market. They're licensed under MiCAR and launching in the Nordics in 2026. This isn't just sponsorship; it's a statement of intent. Don't miss this seismic shift.

Disclaimer: This is not financial advice.

#Crypto #Sports #FOMO #Bybit 🎾
Bybit Stockholm Open Shocker! $BTC Bybit EU secures title sponsorship for Stockholm Open tennis tournament. The iconic event will be rebranded as Bybit Stockholm Open from 2026-2028. This massive deal grants naming rights to an ATP Tour event founded in 1969. It attracts 30,000 spectators annually. This partnership is a huge step for Bybit EU's expansion into the Nordic market. Get ready for a new era in sports and crypto. Disclaimer: This is not financial advice. #Crypto #Tennis #Sponsorship #Bybit 🎾
Bybit Stockholm Open Shocker! $BTC

Bybit EU secures title sponsorship for Stockholm Open tennis tournament. The iconic event will be rebranded as Bybit Stockholm Open from 2026-2028. This massive deal grants naming rights to an ATP Tour event founded in 1969. It attracts 30,000 spectators annually. This partnership is a huge step for Bybit EU's expansion into the Nordic market. Get ready for a new era in sports and crypto.

Disclaimer: This is not financial advice.

#Crypto #Tennis #Sponsorship #Bybit 🎾
The Crash of Bybit: Panic Amidst the Collapse or a Real Threat to the Market?For the Crypto Emergency community, author Yan Krivonosov A wave of panic swept over the cryptocurrency market on February 6 after a dramatic crash of Bitcoin to $10,000 in a single day. At the center of the rumors was one of the largest global exchanges — Bybit. Social media buzzed about its possible insolvency, mass liquidations, and technical failures. But where is the line between market hysteria and a real threat? The answer lies in the fundamental vulnerability of the entire centralized exchange system, which was clearly illustrated by the recent incident at Bithumb.

The Crash of Bybit: Panic Amidst the Collapse or a Real Threat to the Market?

For the Crypto Emergency community, author Yan Krivonosov
A wave of panic swept over the cryptocurrency market on February 6 after a dramatic crash of Bitcoin to $10,000 in a single day. At the center of the rumors was one of the largest global exchanges — Bybit. Social media buzzed about its possible insolvency, mass liquidations, and technical failures. But where is the line between market hysteria and a real threat? The answer lies in the fundamental vulnerability of the entire centralized exchange system, which was clearly illustrated by the recent incident at Bithumb.
🛡️ P2P Safety Guide: How to trade like a professional in 2026P2P (Peer-to-Peer) trading has established itself as the main gateway for thousands of users looking to convert their local currency into digital assets. However, with the freedom to choose whom to buy from, comes the responsibility to protect your funds. As a specialist in the field, I have designed this roadmap to ensure your experience on #Binance and other platforms is secure. 🚩 Warning signals: Don't ignore your instinct In the P2P world, haste is the best friend of the scammer. If a trader pressures you to "release quickly" before you verify your bank account, stop.

🛡️ P2P Safety Guide: How to trade like a professional in 2026

P2P (Peer-to-Peer) trading has established itself as the main gateway for thousands of users looking to convert their local currency into digital assets. However, with the freedom to choose whom to buy from, comes the responsibility to protect your funds. As a specialist in the field, I have designed this roadmap to ensure your experience on #Binance and other platforms is secure.
🚩 Warning signals: Don't ignore your instinct
In the P2P world, haste is the best friend of the scammer. If a trader pressures you to "release quickly" before you verify your bank account, stop.
VeChain denies Bybit's "hidden freeze" allegations, stating that the 2019 blacklist was a community governance action Recently, the blockchain platform VeChain denied a report by the security research agency Lazarus, which is affiliated with Bybit. This incident has brought the sensitive topic of "blockchain fund freezing mechanisms" back into focus. The controversy originated from a report by the Lazarus laboratory, which analyzed 166 blockchain networks using AI-assisted code and claimed that 16 mainstream blockchains, including VeChain, have the capability to freeze user funds. Among them, VeChain, BNB Chain, Sui, and other well-known networks were accused of embedding hard-coded freezing mechanisms in their source code. The report also listed several historical cases of fund freezing and concluded that while such interventions can help mitigate losses caused by security vulnerabilities, they also raise concerns about centralization and censorship. In response to these allegations, VeChain quickly issued a formal statement, firmly denying all related accusations, claiming that they "are inconsistent with the facts and harm the company's reputation." The company clarified that the only similar incident in its history occurred in December 2019, when a wallet was compromised due to private key theft, and a one-time blacklist measure was decided upon after community voting to prevent the liquidation of stolen assets. VeChain also emphasized the technical distinction between "blocking" and "freezing," explaining that it allows validators to refuse specific transactions through upgraded software governance mechanisms, which is fundamentally different from the hard-coded fund freezing functions at the protocol layer. The company further stated that several independent auditing firms, including NCC Group, Coinspect, and Hacken, have confirmed that while VeChainThor software allows validators to refuse certain transactions through community governance mechanisms, it does not seize or freeze assets. In summary, this controversy essentially reveals the fundamental dilemma facing the blockchain industry: how to effectively address real-world security threats while maintaining the principle of decentralization. As regulatory pressures increase and security incidents become more frequent, the design choices of governance mechanisms among various blockchain platforms are under increasingly strict scrutiny, and the clash between VeChain and Bybit is a concentrated reflection of the contradictions in this industry. #VeChain #Bybit
VeChain denies Bybit's "hidden freeze" allegations, stating that the 2019 blacklist was a community governance action

Recently, the blockchain platform VeChain denied a report by the security research agency Lazarus, which is affiliated with Bybit. This incident has brought the sensitive topic of "blockchain fund freezing mechanisms" back into focus.

The controversy originated from a report by the Lazarus laboratory, which analyzed 166 blockchain networks using AI-assisted code and claimed that 16 mainstream blockchains, including VeChain, have the capability to freeze user funds.

Among them, VeChain, BNB Chain, Sui, and other well-known networks were accused of embedding hard-coded freezing mechanisms in their source code.

The report also listed several historical cases of fund freezing and concluded that while such interventions can help mitigate losses caused by security vulnerabilities, they also raise concerns about centralization and censorship.

In response to these allegations, VeChain quickly issued a formal statement, firmly denying all related accusations, claiming that they "are inconsistent with the facts and harm the company's reputation."

The company clarified that the only similar incident in its history occurred in December 2019, when a wallet was compromised due to private key theft, and a one-time blacklist measure was decided upon after community voting to prevent the liquidation of stolen assets.

VeChain also emphasized the technical distinction between "blocking" and "freezing," explaining that it allows validators to refuse specific transactions through upgraded software governance mechanisms, which is fundamentally different from the hard-coded fund freezing functions at the protocol layer.

The company further stated that several independent auditing firms, including NCC Group, Coinspect, and Hacken, have confirmed that while VeChainThor software allows validators to refuse certain transactions through community governance mechanisms, it does not seize or freeze assets.

In summary, this controversy essentially reveals the fundamental dilemma facing the blockchain industry: how to effectively address real-world security threats while maintaining the principle of decentralization.

As regulatory pressures increase and security incidents become more frequent, the design choices of governance mechanisms among various blockchain platforms are under increasingly strict scrutiny, and the clash between VeChain and Bybit is a concentrated reflection of the contradictions in this industry.

#VeChain #Bybit
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#BYBIT HACKERS LAUNDERED 18% OF STOLEN ETH: DETAILS... - Hackers behind the Bybit exchange breach have already laundered 89,500 ETH ($224M) in just 2.5 days, according to on-chain analyst #EmberCN - This represents 18% of the total 499,000 ETH stolen. The attack is now one of the largest crypto heists in history, with evidence pointing to North Korea-linked cybercriminals. HOW THE BYBIT HACK UNFOLDED Initial Compromise via Social Engineering: - Hackers phished Bybit’s cold wallet signers, tricking them into approving malicious transactions. - This allowed attackers to replace Bybit’s multi-signature wallet implementation contract with a fraudulent one. Unauthorized Transfers: - The attackers intercepted a routine transfer from Bybit’s cold wallet to its hot wallet. - They managed to reroute 401,000 ETH (~$1.5 billion at the time) to their own addresses. Asset Dispersion via Intermediary Wallets: - The stolen #ETH was moved through multiple wallets to obscure its origins. - Blockchain analysts flagged suspicious transactions consolidating with funds from other North Korea-linked attacks. Conversion and Laundering Tactics: - The hackers used Thor Chain for cross-chain transactions. They converted stolen #ETH into #BTC and DAI using decentralized exchanges (DEXs) and no-KYC swap services. Strategic Laundering & Dormant Funds: - A large portion of the stolen funds remains idle across different addresses. - This is a common North Korean tactic—they wait for heightened scrutiny to subside before moving more assets. According to crypto crime reports, North Korean hackers stole: - $660.5M across 20 incidents in 2023. - $1.34B across 47 attacks in 2024 (a 102.88% increase). - The Bybit exploit alone exceeded North Korea’s total crypto theft for all of 2024. - Authorities and blockchain analysts are tracking the remaining 410,000 ETH, which the hackers may launder in the next 15 days. Efforts to freeze or recover stolen funds are underway. Images: Bybit X platform and created by BSCN using AI $BTC {spot}(BTCUSDT) $ETH {spot}(ETHUSDT)
#BYBIT HACKERS LAUNDERED 18% OF STOLEN ETH: DETAILS...

- Hackers behind the Bybit exchange breach have already laundered 89,500 ETH ($224M) in just 2.5 days, according to on-chain analyst #EmberCN

- This represents 18% of the total 499,000 ETH stolen. The attack is now one of the largest crypto heists in history, with evidence pointing to North Korea-linked cybercriminals.

HOW THE BYBIT HACK UNFOLDED

Initial Compromise via Social Engineering:

- Hackers phished Bybit’s cold wallet signers, tricking them into approving malicious transactions.
- This allowed attackers to replace Bybit’s multi-signature wallet implementation contract with a fraudulent one.

Unauthorized Transfers:

- The attackers intercepted a routine transfer from Bybit’s cold wallet to its hot wallet.
- They managed to reroute 401,000 ETH (~$1.5 billion at the time) to their own addresses.

Asset Dispersion via Intermediary Wallets:

- The stolen #ETH was moved through multiple wallets to obscure its origins.
- Blockchain analysts flagged suspicious transactions consolidating with funds from other North Korea-linked attacks.

Conversion and Laundering Tactics:

- The hackers used Thor Chain for cross-chain transactions. They converted stolen #ETH into #BTC and DAI using decentralized exchanges (DEXs) and no-KYC swap services.

Strategic Laundering & Dormant Funds:

- A large portion of the stolen funds remains idle across different addresses. - This is a common North Korean tactic—they wait for heightened scrutiny to subside before moving more assets.

According to crypto crime reports, North Korean hackers stole:

- $660.5M across 20 incidents in 2023.
- $1.34B across 47 attacks in 2024 (a 102.88% increase).
- The Bybit exploit alone exceeded North Korea’s total crypto theft for all of 2024.

- Authorities and blockchain analysts are tracking the remaining 410,000 ETH, which the hackers may launder in the next 15 days. Efforts to freeze or recover stolen funds are underway.

Images: Bybit X platform and created by BSCN using AI
$BTC
$ETH
☄️ The hackers who breached Bybit wallets managed to launder all 499K ETH ($1.4B) in just 10 days using the THORChain protocol, which, thanks to North Korean hackers, earned $5.5M in fees. #HackerNews #news #bybit #ETH $ETH #sadstory
☄️ The hackers who breached Bybit wallets managed to launder all 499K ETH ($1.4B) in just 10 days using the THORChain protocol, which, thanks to North Korean hackers, earned $5.5M in fees.

#HackerNews #news #bybit #ETH $ETH #sadstory
Nothing gets out of my head that this drop is to help Bybit buy back its $ETH #bybit
Nothing gets out of my head that this drop is to help Bybit buy back its $ETH

#bybit
🚨Breaking News: #bybit launches a $140M recovery bounty program to catch the masterminds behind crypto's largest heist ever—$1.4B stolen via a smart contract exploit! 🕵️‍♂️ Offering up to 10% of recovered funds, Bybit’s rallying the crypto community to enhance security. Will this be the turning point for crypto safety? #BybitSecurityBreach
🚨Breaking News: #bybit launches a $140M recovery bounty program to catch the masterminds behind crypto's largest heist ever—$1.4B stolen via a smart contract exploit!
🕵️‍♂️
Offering up to 10% of recovered funds, Bybit’s rallying the crypto community to enhance security. Will this be the turning point for crypto safety? #BybitSecurityBreach
$TRUMP just woke up 🟢 Held strong at $12.05, now pushing back with a clean bounce. 📌 Quick recap: • Solid recovery on 15m • EMAs flipping bullish • Buyers stepping in again • Volume heating up As long as it holds $12.30, it’s looking ready for another run. Watching $12.89 next 👀 #TRUMP #Crypto #bybit #Memecoins {spot}(TRUMPUSDT)
$TRUMP just woke up 🟢

Held strong at $12.05, now pushing back with a clean bounce.

📌 Quick recap:
• Solid recovery on 15m
• EMAs flipping bullish
• Buyers stepping in again
• Volume heating up

As long as it holds $12.30, it’s looking ready for another run.

Watching $12.89 next 👀

#TRUMP #Crypto #bybit #Memecoins
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