Following the $1.4 billion Bybit hack on Friday, Hong Kong-based stablecoin digital bank Infini suffered a security breach draining nearly $50 million USDC.
The post Stablecoin Bank Infini Hit by $49.5M Exploit, Founder Vows Full Repayment appeared first on Cryptonews. …
Category: Cryptocurrencies
Montana House Lawmakers Vote Against Bitcoin Reserve Bill
Montana’s Bitcoin reserve bill failed approval from the House on Feb. 22, with 41 – 59 votes, “largely due to fiscal conservative opposition.”
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HK Asia Board Approves Bitcoin Investment, Acquires 7.88 BTC for $761,705
HK Asia Holdings Limited has expanded its Bitcoin holdings, purchasing approximately 7.88 BTC for $761,705 on Feb. 20.
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Bybit Hack Proceeds May Now Be Routed Through Mixers: Elliptic
Hackers may launder Bybit’s $1.4B stolen funds through crypto mixers, but the large asset volume could complicate the process, Elliptic warned.
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Only 44% of Spot Bitcoin ETF Inflows Aim for the Long Haul: 10x Research
A significant portion of inflows into U.S. spot Bitcoin ETFs is driven by short-term trading strategies rather than long-term investments.
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Georgia State Pushes Harder for Bitcoin Stockpile, Senate Proposes Second BTC Reserve Bill
Georgia’s second Bitcoin reserve bill has emerged as a partisan competitor to the previous bill, backed by Democrats.
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Su Zhu-Backed OX.FUN Denies Insolvency Claims Amid JefeDAO Dispute
OX.FUN, backed by Su Zhu, denies insolvency claims amid a dispute with JefeDAO over a frozen $1 million USDC deposit, accusing JefeDAO of market manipulation and extortion attempts.
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Berachain Surpasses $3.26B TVL, Becomes Sixth-Largest DeFi Blockchain
Layer-1 blockchain Berachain has achieved a significant milestone, with its total value locked (TVL) surpassing $3.26 billion.
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Bitcoin Drops Below $95K After $1.4B ByBit Hack: Will It Rebound?
Bitcoin drops below $95K after $1.4B ByBit hack. Can BTC recover amid US Dollar weakness and trade policy concerns? Key levels to watch.
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Non-KYC Exchange eXch Denies Helping Lazarus Group Launder Stolen Funds from Bybit Hack
eXch has denied allegations of laundering money for North Korea’s Lazarus Group following the $1.4 billion hack on Bybit on February 21.
The post Non-KYC Exchange eXch Denies Helping Lazarus Group Launder Stolen Funds from Bybit Hack appeared first on Cryptonews. …