cryptocurrency theft
Bybit Wins Court Order in $1.5B North Korea Hack Recovery Bid
A U.S. federal court has granted Bybit expedited discovery powers in its $1.5 billion lawsuit against North Korea, the Lazarus Group, and associated defendants, marking a significant legal milestone in what investigators have called the largest cryptocurrency heist in history. The Dubai-based exchange, the world’s second-largest by trading volume, filed the sealed complaint on June...
$100M Coldcard Hack Won’t Break Bitcoin’s Rally
Bitcoin’s price has shrugged off the largest hardware wallet exploit in crypto history, with the self-custody hack draining over $100 million from Coldcard devices since late July, yet markets have remained largely unmoved. The incident—which compromised an estimated 7,300 addresses across multiple attack waves and could ultimately total $130 million in losses—has exposed a critical...
Here’s What Happened in Crypto Today
Geopolitical risk reduction lifted Bitcoin above $66,000 following a U.S.-Iran ceasefire framework announcement, while the Federal Reserve’s hawkish stance on rate cuts triggered a sharp 50% decline from the asset’s recent peak. The crypto industry faced dual headwinds today as lawmakers introduced legislation for a Federal Crypto Theft Task Force in response to an $11...