Bybit Hack, SEC Lawsuits, and Bitcoin ETFs | Airdrop Alert Pro

This week, Lazarus Group stole $1.5 billion from Bybit on cryptocurrencies, but the exchange suffered losses and remained operating. U.S. Bitcoin ETFs saw a record $2.6 billion outflow of BTC bearish and affected major crypto stocks. Meanwhile, meme coins scam Still rising on social media.

Regulatory, the Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase, prompting a commissioner to accuse it of public corruption. Meanwhile, the recently launched PI network has been accepted by some Florida businesses.

Lazarus Group receives $1.5 billion attack

A week ago, the leading crypto exchange Bybit was hacked. There is a loss of $1.5 billion, The most successful crime in crypto history. one Few conflicting narratives Spread throughout the community, but The famous detective Zachxbt Breaked.

The culprit is Lazarus Group North Korean hackers collectively.

“At 19:09 UTC today, Zachxbt presented definitive evidence that this attack on Bybit was conducted by Lazarus Group. His submissions included detailed analysis of test transactions and connected wallets used before exploitation, as well as multiple forensic graphs and timing analyses. Submissions have been shared with the Bybit team,” Arkham claim.

Lazarus Group Complex security vulnerabilities have been carried out This attempts to take advantage of Bybit’s wallet signature process. Secure wallet confirmation Hackers can violate their infrastructure But claiming that its smart contracts are still safe.

Several community figures criticized their statements for being too vague. By the hundred, Restores have been rebuilt Through several methods. The industry and crypto community have Praise the exchange for its excellent crisis management.

SEC deletes joint lawsuits, queues

back Impressed that it will last for weeksthe SEC finally filed a lawsuit against Coinbase this week. Brian Armstrong, Founder and CEO of Crypto Exchangestart Announces that he and the SEC have reached an agreementbut it took several days to complete.

“Good news! After years of litigation, your millions of taxpayers have spent money, causing irreparable damage to the country, we have reached an agreement with SEC staff to dismiss their lawsuit against Coinbase. Once approved by the committee (we were told that they will be approved next week), it will be a complete dismissal with a fine of $0 and our business changed to zero,” he said.

The committee has Abandon several lawsuits and Law Enforcement Probe Entering the crypto industry this week. However, SEC’s lawsuit against Ripple Still active, without clear hints.

Furthermore, these actions have attracted criticism from within the committee.

Earlier today, Commissioner Caroline Crenshaw Publicly criticizes SEC’s transition to cryptocurrency industry. She accused her leadership of deliberately ignoring the 80-year precedent and deliberately favoring political factions.

Additionally, she has not proposed a resignation and will remain active for more than three months. It’s a shocking frustration of the normal operation of the SEC.

Bitcoin drops 17%, destroying ETFs and company holders

Strategy (formerly micro), One of the largest Bitcoin holders in the worldhas spent nearly $2 billion on assets recently. But, this No help to the company’s share priceAfter a sharp drop in BTC itself.

This has attracted people’s attention The strategy may have to clear some of its cryptocurrenciesbecause it can over-penetrate into assets.

“Forcing a liquidation of MSTR is not necessarily impossible. However, it is extremely unlikely. A commentator needs a “Mayday” situation. claim.

As these rumors began two days ago, things got worse. Several key indicators Showing a decline in Bitcoin, it turns out to be contagious. Bitcoin ETFs have had $2.6 billion outflow this week, with strategy and companies like Tesla falling.

The liquidation continues to increase, and the Fed predicts a downturn; it looks like a bear market.

PI Network Gets Institutional Adoption in Florida

PI network, one of them Highly anticipated crypto projectnew progress has been made in institutional acceptance this week. According to several social media posts, Florida Real Estate Company The PI token is now being accepted. Cube Motor, a car dealership in the state, has also built a similar infrastructure.

“American film producer and actor James J Zito is currently the director of Zito Realty, a Florida real estate company that accepts real estate deals with Pi Coins,” he said. read.

The PI network is generating a lot of hype, Binance’s community votes overwhelmingly List the token. However, not everyone in the cryptosphere is excited about the project.

Before hacking, Bybit CEO Ben Zhou Call the project a scam and a pyramid scheme. Its price is Shows some signs of market fatiguebut nothing certain has happened.

Meme coin scam is on the rise

Kanye West, a famous American rapper, may or may not be Wrapped in a social media scam. Earlier this month, he denied participating Any existing Kanye meme coins but It is said that it plans to launch its own.

However, some crypto detectives speculate that he Selling his X account to Barkmeta for $17 millionimplement a major fake token scam.

“Kanye West sold his X account for $17 million. The most anticipated meme coin release is Barkmeta’s carpet pull. Ye sells more than 95% chances of accounts. I don’t recommend you buy Kanye’s Meme coins anyway. claim.

The scam-centric paranoia is cycling in the encrypted space, and Bybit Hack only helps. pump.fun’s social media account has been hacked Promote this week’s scam.

After deleting the original post, the hacker was able to promote another scam after the same page. Worry about this chaos is Damage the reputation of the industry.

In short, a lot has happened to cryptocurrencies this week. Major crime and bearish market conditions are combined with political development and institutional adoption.