Quantcast

Crypto influencer: Bybit had 'the largest exchange hack in history by a long way'

CRYPTO NEWS AROUND THE GLOBE
Cours gratuits de Binance en France : éducation ou marketing illégal ? - Coins.fr
Les utilisateurs du Coinbase Wallet peuvent désormais s’envoyer de l’argent via des liens WhatsApp, TikTok et Instagram
Le géant IBM dévoile une nouvelle technologie pour les cold wallets de cryptomonnaies
Bitcoin dépasse Tesla et Berkshire Hathaway pour se hisser dans le top 10 des actifs du monde entier
Lobby aux USA : les entreprises crypto ont cassé la tirelire en 2023
Coinbase : ce que dit le rapport de “transparence” de la plateforme
Taxpayers in Swiss City Can Settle Bills With Bitcoin, Tether
Société Générale to become first big bank to list a stablecoin
SEC's Absence at Binance Settlement Announcement Raises Questions
Binance Tops PYMNTS' Provider Ranking of Crypto Wallets
Are Binance and France the newest couple in Crypto Town?
L’ETF BTC de BlackRock engrange 100 000 dollars, sans être approuvé - Coins.fr
Riot passe la plus grosse commande de mineurs BTC de son histoire - Coins.fr
Les hackers français du protocole DeFi Platypus relaxés - Coins.fr
A quoi s’attendre pour 2024 ? Entretien avec l’EUCI, le plus gros lobby crypto européen
Crypto : une réunion qui pourrait tout changer est prévue la semaine prochaine
Inside France’s courtship of Binance
Sellix founder: SEC lawsuit against Kraken shows 'broader issue within the U.S. regulatory framework's approach to cryptocurrencies'
Bitcoin Soars on Hopes of Investment Fund Approval
UK Lawmakers Question Whether ‘Britcoin’ Digital Pound is Needed
Torres: 'Blockchain technology can liberate the lowest income communities from the high fees of the traditional financial system'
Attorney: Binance-DOJ settlement is 'very different than FTX and SBF'
Columbia professor: ‘Unlike FTX…Binance didn’t abscond with user money’
Dep. Secretary of US Treasury: Reforms targeting digital asset space will 'curb illicit finances'
Binance’s Top Executive Team to ‘Remain Intact,’ New CEO Says
EXCLUSIF. Salvus devient le premier stablecoin français à obtenir son agrément de monnaie électronique
Le FSB souhaite s'assurer que les règles pour les bourses crypto sont suffisantes - Coins.fr
Selon le célèbre Arthur Hayes, le traitement réservé à CZ et Binance par les USA est absurde
Les plans du nouveau PDG de Binance après le départ de CZ
Guerre anti-crypto : Binance.US traqué par la SEC
All Crypto News Around The Globe
Crypto influencer: Bybit had 'the largest exchange hack in history by a long way'
Web3/Crypto
Webp dixon3
Simon Dixon, crypto investor and influencer | X

Simon Dixon, a crypto investor and influencer, has described the Bybit exchange hack as the "largest exchange hack" in history, underscoring the significance of self-custody for Bitcoin. Dixon made this statement in a February 21 post on X.

"This is the largest exchange hack in history by a long way," said Dixon. "A reminder that Bitcoin in self-custody is real $BTC."

According to Cointelegraph, the Bybit exchange was hacked on February 21, 2025, resulting in over $1.4 billion worth of ETH-related tokens being stolen. The hacker accessed an Ethereum cold wallet by exploiting a vulnerability in a multisignature wallet that appeared legitimate. Bybit's CEO Ben Zhou confirmed the breach but assured users that all other cold wallets remained secure and withdrawals continued as normal. The incident led to a 3% drop in Ether's price and added to a series of high-profile crypto security incidents in early 2025.


Simon Dixon's post | X

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

A self-custodial wallet is defined as a digital wallet where users maintain full control over their cryptocurrencies without relying on third parties like banks or exchanges. Unlike custodial wallets, self-custodial wallets ensure only the user can access their funds. This means no approval process is required to access the wallet, allowing users to manage their assets freely. However, these wallets require careful management of private keys or mnemonic phrases to avoid losing access, according to Bitcoin.com.

Bybit suspended services in India on Jan. 12, 2025, due to regulatory challenges. Indian users can’t place new trading orders, modify derivative positions, or deposit crypto and fiat, though withdrawals remain unaffected. Promotional campaign participation is also restricted.

Dixon, CEO and co-founder of BnkToTheFuture.com, has been an outspoken figure in cryptocurrency and global financial discourse. Beyond his work in fintech, he has commented on geopolitical issues. Recently, he claimed that the International Court of Justice (ICJ) ruled Israel’s actions as "completely illegal" and determined there was "plausible genocide," which was a misinterpretation of the actual findings. According to BBC reporting, the ICJ's January 2024 ruling did not determine that genocide was plausible but rather said that Palestinians have a "plausible right" to protection under the Genocide Convention. Dixon is also known for authoring Bank to the Future—the first published book to mention Bitcoin—and has built a reputation in the crypto space by leading investments in major exchanges like Kraken, Coinbase, and Bitsta.

Organizations Included in this History
Bybit
More News

FCA issues warning about TRADESUP LIMITED for unauthorized services

The Financial Conduct Authority (FCA) has issued a warning regarding TRADESUP LIMITED, a firm allegedly offering financial and cryptocurrency services without proper authorization in the United Kingdom.

May 9, 2025

AMF warns of unauthorized crypto-asset websites in France

The Autorité des Marchés Financiers (AMF) has released a list of websites allegedly offering unauthorized crypto-asset services in France.

May 9, 2025

BaFin warns of suspected unauthorized crypto services by Euro Pro Markets

The German Federal Financial Supervisory Authority (BaFin) has issued a warning to consumers about Euro Pro Markets and its website europromarkets.net.

May 9, 2025

FCA warns about unauthorized crypto services from Walton Assets

The Financial Conduct Authority (FCA) has issued a warning regarding Walton Assets, a firm offering financial and crypto-related services without proper authorization.

May 8, 2025

BaFin orders Ethena GmbH to halt unauthorized USDe token operations

The German Federal Financial Supervisory Authority (BaFin) has ordered Ethena GmbH to cease operations involving its USDe crypto token, citing serious deficiencies found during the approval process.

May 5, 2025

FCA issues warning on unauthorized services by Coinvestbase

The Financial Conduct Authority (FCA) has issued a warning regarding Coinvestbase, a firm suspected of offering or promoting financial services in the United Kingdom without proper authorization.

May 5, 2025

Crypto Comments
Loading...

No comments available.

Trending
1

Crypto Price Shifts for April 6, 2025