Bybit recovers market share to 7% after $1.4B hack

Bybit’s market share has rebounded to pre-hack levels following a $1.4 billion exploit in February, as the crypto exchange implements tighter security and improves liquidity options for retail traders. The crypto industry was rocked by its largest hack in history on Feb. 21 when Bybit lost over $1.4 billion in liquid-staked Ether (stETH), Mantle Staked…

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Crypto lost to exploits, scams, hits $1.5B in February with Bybit hack: CertiK

Losses to crypto scams, exploits and hacks totaled nearly $1.53 billion in February, with the $1.4 billion Bybit hack accounting for the lion’s share of losses, said blockchain security firm CertiK. The Feb. 21 attack on Bybit by North Korea’s Lazarus Group was the largest crypto hack ever, more than doubling the $650 million Ronin…

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US officials recommend using encrypted messaging after telecom hack

US officials are urging Americans to make calls and send text messages over encrypted apps to minimize the risk of private information falling into the hands of foreign adversaries who might still be lurking in America’s telecommunications networks, NBC News reports. Two officials from the Federal Bureau of Investigation (FBI) and the Cybersecurity and Infrastructure…

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