OKX is reintroducing its DEX aggregator with an upgraded security framework after facing regulatory pressure and the aftermath of the $1.4 billion Bybit hack linked to North Korea’s Lazarus Group. CEO Star Xu announced the relaunch, emphasizing a real-time abuse-detection system to safeguard users. The exchange had suspended its DEX services in March after hackers funneled stolen ETH through OKX’s Web3 proxy, prompting EU regulators to investigate. OKX acknowledges Lazarus Group’s misuse of its DeFi services and is taking steps to prevent future breaches while maintaining compliance with regulators.
about OKX Relaunches DEX with Enhanced Security After Regulatory ScrutinyLido Staked Ether
0 posts last week27% of $1.4B Crypto Hack Funds Gone Dark, Bybit CEO Reveals
Bybit CEO Ben Zhao revealed that 27% of the $1.4 billion stolen in February’s record-breaking crypto hack has ‘gone dark,’ while 68.57% remains traceable and 3.84% is frozen. The hackers, linked to North Korea’s Lazarus Group, employed mixers like Tornado Cash and bridges such as Thorchain to launder Ethereum (ETH) and Lido Staked Ether (stETH). The funds were cycled through multiple platforms before entering OTC or P2P fiat exchanges, complicating recovery efforts. One implicated exchange, eXch, is shutting down amid money laundering allegations. This marks the largest crypto theft to date, highlighting persistent vulnerabilities in DeFi security and cross-chain transactions.
about 27% of $1.4B Crypto Hack Funds Gone Dark, Bybit CEO Reveals27% of Bybit’s $1.4B Hack Funds ‘Gone Dark’
Bybit CEO Ben Zhao reveals that 27% of the $1.4 billion stolen in February’s massive crypto hack has ‘gone dark,’ while 68.57% remains traceable and 3.84% is frozen. The hackers, linked to North Korea’s Lazarus Group, used mixers like Tornado Cash and bridges such as Thorchain to launder the Ethereum (ETH) and Lido Staked Ether (stETH) haul—the largest crypto theft ever. One implicated exchange, eXch, is shutting down amid laundering allegations. The funds were cycled through multiple platforms before entering OTC or P2P fiat exchanges, complicating recovery efforts.
about 27% of Bybit's $1.4B Hack Funds 'Gone Dark'Concerns Rise Over Government Control of Crypto Reserves and Decentralization
Solana Labs co-founder Anatoly Yakovenko has expressed concerns over the U.S. government’s plan to establish a strategic crypto reserve, arguing that such involvement could jeopardize decentralization. He suggested that if a reserve is necessary, it should be governed by clear, objective criteria. Industry leaders, including entrepreneur Joe Lonsdale and NYU professor Austin Campbell, echoed these concerns, warning that government control over cryptocurrencies like Bitcoin could lead to economic instability and undermine the principles of decentralization.
about Concerns Rise Over Government Control of Crypto Reserves and DecentralizationMarket Momentum Continues as Bitcoin and Ether Show Signs of Recovery
Bitcoin has rebounded from a low of 81,000 to around 91,600, while Ether has risen from 1,979 to approximately 2,280, indicating a synchronized upward trend. Market adjustments suggest a continued upward movement, with buying opportunities on pullbacks, targeting 94,500 for Bitcoin and 2,350 for Ether.
about Market Momentum Continues as Bitcoin and Ether Show Signs of RecoverySEC Delays Decision on Ether ETF Options Until May 2025
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Ether ETF options, setting a new deadline for May 2025. This includes requests from Cboe for the Fidelity Ethereum Fund and Nasdaq ISE for BlackRock’s iShares Ethereum Trust, which holds over $3.7 billion in assets. Despite these delays, spot Ether ETFs have attracted $11 billion since their launch in July 2024, reflecting growing institutional interest in crypto derivatives.
about SEC Delays Decision on Ether ETF Options Until May 2025Trump’s White House Crypto Summit Attendees and Significance Revealed
President Trump’s White House Crypto Summit is set for March 7, featuring a select group of 20-25 high-profile attendees, including industry leaders like Michael Saylor, Brian Armstrong, and Vlad Tenev. The event aims to foster collaboration between the crypto sector and government officials, with a focus on promoting digital assets in the U.S. Notably absent is Ripple CEO Brad Garlinghouse, and there has been no confirmation from representatives of Solana or Cardano.
about Trump's White House Crypto Summit Attendees and Significance RevealedMarch Promises Key Events for Bitcoin and Cryptocurrency Market Stability
March is shaping up to be significant for Bitcoin and the cryptocurrency market, with key events highlighting stablecoins and regulatory discussions. On March 6th, the CFTC and the White House will hold a CEO forum on stablecoins, followed by a Senate Banking Committee vote on the GENIUS Act. Additionally, a White House Crypto Summit with President Trump is set for March 7th, and the SEC will host a roundtable on crypto regulation on March 21st. Historical data suggests March is a strong month for Bitcoin, with a potential 13.12% return.
about March Promises Key Events for Bitcoin and Cryptocurrency Market StabilityDavid Sacks Divests from Multicoin Amid Trump’s Crypto Stockpile Plan
David Sacks, the White House AI and Crypto Czar, has divested from Multicoin Capital amid scrutiny over President Trump’s plan to create a national crypto stockpile, which includes Bitcoin, Ether, Solana, XRP, and Cardano. Sacks, who previously generated around $1 billion from his Solana investment, confirmed he sold his stake in Multicoin and liquidated his entire digital asset portfolio before joining the administration. He is set to chair the first White House Crypto Summit to discuss regulatory frameworks and strengthen the U.S. position in global crypto markets.
about David Sacks Divests from Multicoin Amid Trump's Crypto Stockpile PlanDavid Sacks Sells All Crypto Holdings Before Joining Trump Administration
David Sacks, the White House AI and Crypto Czar, confirmed he sold all his cryptocurrency holdings, including Bitcoin, Ether, and Solana, before joining the Trump administration. While his venture capital firm, Craft Ventures, continues to invest in crypto startups, both he and the firm have divested from direct crypto assets. Sacks will chair the inaugural White House Crypto Summit, aimed at establishing the US as a global leader in cryptocurrency and developing regulatory guidelines for the industry.
about David Sacks Sells All Crypto Holdings Before Joining Trump AdministrationBitcoin Donations Transforming Global Aid and Financial Inclusion Efforts
Save the Children is leveraging Bitcoin and other cryptocurrencies to enhance financial inclusion and streamline aid delivery across over 100 countries. The organization, which was the first international NGO to accept Bitcoin donations in 2013, has raised over $8 million through its HODLhope campaign, facilitating anonymous donations and providing vital resources to children in crisis. By utilizing Bitcoin’s technology, Save the Children aims to empower families in emergencies, ensuring they can access funds quickly and efficiently without traditional banking barriers.
about Bitcoin Donations Transforming Global Aid and Financial Inclusion EffortsMemecoin Craze Cools Amid Regulatory Changes and Major Crypto Developments
February saw significant shifts in the crypto landscape, with the SEC dropping six cases against major firms, signaling a new regulatory approach. Bitcoin’s decentralization is on the rise, with public companies now holding 35% of the global hashrate, while the memecoin craze has cooled, with daily issuances dropping to 40,000. However, the month was marred by the largest crypto hack in history, as North Korean group Lazarus stole $1.4 billion in Ether from Bybit.
about Memecoin Craze Cools Amid Regulatory Changes and Major Crypto Developments