On February 21, 2025, Bitcoin dropped 3.07% to $95,220 after a $1.46 billion hack hit Bybit’s Ethereum wallet, causing market volatility as BTC tests the $95,000 support level. 💻

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ZachXBT linked North Korea's Lazarus Group to Bybit’s $1.46B hack, the largest exchange hack ever, earning a 50,000 ARKM bounty from Arkham Intelligence for his analysis. 🔭

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Bybit CEO Ben Zhou reported a record 350,000+ withdrawals after the hack, with 99.994% completed and 2,100 still pending. ⌛

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🛫 Funds are being transferred to Bybit from Binance, providing additional liquidity to the exchange.

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Bybit CEO: It is detected that hackers are trying to transfer assets through Chainflip, and a bounty program for cross-chain bridges will be launched soon 🔜

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The Russian Supreme Court is promoting the classification of cryptocurrencies as property in criminal cases, aiming to strengthen the ability of law enforcement to track, freeze and confiscate illegal digital assets 👨‍⚖️

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CZ: It is suggested that ByBit's original intention to suspend withdrawal is based on its own experience and observation, and the principle is to always stand on the safer side

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🗞 February 22, 2025 cryptocurrency news highlights

【Cryptocurrency】
Bybit Hacked for a Total of 514,723 Native ETH and Various Derivative ETH🤕

【Economy】
ZachXBT linked North Korea's Lazarus Group to Bybit’s $1.46B hack, the largest exchange hack ever, earning a 50,000 ARKM bounty from Arkham Intelligence for his analysis 🔭

【More】
The Russian Supreme Court is promoting the classification of cryptocurrencies as property in criminal cases, aiming to strengthen the ability of law enforcement to track, freeze and confiscate illegal digital assets 👨‍⚖️

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Lazarus Group hacked Bybit for $1.4B, laundering funds through multiple wallets. Bybit offers a 10% bounty, recovering $43M so far. Tether froze 181K USDT. 🔓

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Kanye West's YZY token sparks rumors of a Binance listing and Doginal ties. Critics warn of centralization, but no official confirmations yet.🪙

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Kanye: YEEZY Aims to Create a Truly Authentic Currency👀

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The total market capitalization of stablecoins has surpassed $226.5 billion, representing a 0.54% increase over the past week.🕯

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Bybit CEO Responds to eXch's Rejection of Its Interception Request: "Hope eXch Will Reconsider, This Is Not Just About Helping Bybit"

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Elon Musk proposed “FAFO”, the Federal Agency for Financial Oversight, as the enforcement arm of DOGE.

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Bybit has recovered about 70% of its Ethereum reserves and currently holds about 308,100 ETH

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pump .fun Yesterday's Protocol Fee Revenue Dropped Over 88% from Historical Peak

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🗞 February 22, 2025 cryptocurrency news highlights

【Cryptocurrency】
Elon Musk proposed “FAFO”, the Federal Agency for Financial Oversight, as the enforcement arm of DOGE.

【Economy】
Lazarus Group hacked Bybit for $1.4B, laundering funds through multiple wallets. Bybit offers a 10% bounty, recovering $43M so far. Tether froze 181K USDT. 🔓

【Indicators】
Bybit has recovered about 70% of its Ethereum reserves and currently holds about 308,100 ETH

【More】
pump .fun Yesterday's Protocol Fee Revenue Dropped Over 88% from Historical Peak

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Bybit officials said that it successfully froze $42.89 million of stolen funds in one day through multi-party coordination efforts 🤝

The institutions that provide assistance include Tether, THORChain, ChangeNOW, FixedFloat, Avalanche Ecosystem, CoinEx, Bitget, Circle, etc.

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HK Asia Holdings Approved for Bitcoin Expansion

Hong Kong Asia Holdings Limited, a publicly traded company, has received regulatory approval to increase its Bitcoin holdings by purchasing an additional 7.88 BTC, signaling a strong bullish sentiment towards cryptocurrency in Asia. This move is seen as a significant step towards institutional adoption of cryptocurrencies in the region, reflecting a broader trend of financial entities integrating digital currencies into their investment strategies.

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The market shows that BTC has broken through $96,000 and is now reported at $9,6004.35. The 24-hour decline narrowed to 0.65%, and the market fluctuates greatly 🪙

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