Author: Yeek.io

The Bybit exploiter managed to launder over 50% of the stolen funds within a week since it hacked the exchange, despite onchain analysts exposing their identity.Centralized crypto exchange Bybit was hacked for over $1.4 billion worth of crypto on Feb. 21, marking the largest hack in crypto historyThe Bybit exploiter has already laundered over $605 million worth of Ether (ETH), or more than 54% of the total stolen funds, according to Lookonchain. The crypto intelligence platform wrote in a Feb. 28 X post:“So far, the #Bybit hacker has laundered 270K $ETH($605M, 54% of the stolen funds) and still holds 229,395…

Bitcoin remains under pressure, with its price dropping below $85,000. At the time of writing, Bitcoin is valued at $84,397, representing a 2.4% decline in the past 24 hours and a significant 13.7% drop over the past week. These market conditions have sparked a range of analyses, with various on-chain indicators offering insights into current investor behavior. Bitcoin Latest CDD Spike Could Signal A Market Shift One of the key indicators highlighted recently by a CryptoQuant analyst known as Banker is the Coin Days Destroyed (CDD) metric. According to Banker, the Coin Days Destroyed (CDD) metric—a measure of economic activity…

L3 blockchains are built above L2 networks and add one more layer on the modular blockchains approach. The primary intent is to augment efficiency, save costs, and facilitate specialized purposes. While the bundling of transactions by virtue of rollup technology is taken care of by L2s, L3s fine-tune this through targeted environments for diverse use cases. This structure helps separate general computation from high-performance applications, leading to better efficiency without overwhelming the base layer.Benefits of L3 Blockchains: Reducing Costs and Customizing InfrastructureA key benefit of L3 blockchains is reducing transaction costs further than L2s alone. Rollup technology allows L2s to batch…

The security of the Ethereum protocol is continually being improved, and one recent effort is the external security review of the Pectra System Contracts. The results of this review can be found in the audits repository, and the TL;DR is that all discovered issues deemed relevant or important from these reviews have been addressed. Audit Scope and Methodology The Pectra System Contracts encompass several EIPs (EIP-2935, EIP-7002, and EIP-7251), and reviews were primarily done to: Evaluate the contracts for potential attack vectors.Ensure that the contract logic accurately implements the intended functionality as per the EIP specifications. A multi-phase approach was…

Spotting the next big crypto before it takes off is every investor’s dream. I’ve seen promising projects come and go, but few have stood out like Dawgz AI. This isn’t just another hype-driven token – it’s a crypto that blends AI-powered trading with real functionality. With its pocketful of trade bots, Dawgz AI is built to help users optimize their investments, making it a potential game-changer. As Ethereum’s ecosystem continues to expand, this low-cap coin could be primed for a massive breakout. If you’re looking for a token that could dominate the next bull run, Dawgz AI is worth watching.What Makes a Crypto the…

Pi Network has responded to a controversy triggered by a post from Bybit CEO Ben Zhou challenging the project’s legitimacy and accusing it of being a scam. On Feb. 20, an X account describing itself as the “unofficial technical team” of Pi Network alleged that the project had rejected a listing offer from the crypto exchange and that Bybit was “losing its position” in the market. Responding to the provocation, Zhou accused Pi Network of being a “scam,” citing a 2023 report from Chinese authorities warning users of a project targeting the elderly. “Yes, I still think you are a scam, and…

Journalist Posted: February 28, 2025 SEC dismissed Coinbase’s lawsuit and dropped MetaMask investigation.  A policy watcher said Ripple’s case was ‘complicated’ and would take time.  On the 27th of February, the U.S. SEC commissioners approved the dismissal of the Coinbase exchange lawsuit. Additionally, the lawsuit was dismissed ‘with prejudice,’ meaning a new administration can’t bring it back.   Source: X This wasn’t surprising, given that Coinbase CEO Brian Armstrong revealed that the case dismissal was likely last week. Now, the Trump-era SEC has dismissed or dropped crypto lawsuits against OpenSea, Robinhood, Unsiwap[UNI], Gemini, and Coinbase. What’s up with Ripple? The Metamask…

The digital asset arm of a major German stock exchange, Boerse Stuttgart, is assisting the local investment bank DekaBank in providing cryptocurrency trading services to its institutional clients.Boerse Stuttgart Digital will provide its regulated infrastructure to enable DekaBank to start its crypto offering, which is exclusively aimed at institutional clients, the firm said in an announcement shared with Cointelegraph on Feb. 28.“With our fully regulated brokerage solution, DekaBank can seamlessly provide secure and reliable access to crypto trading,” Boerse Stuttgart Digital said in a statement on its LinkedIn page.Boerse Stuttgart Digital announced a partnership with DekaBank on Feb. 28. Source:…

On-chain data shows the large Bitcoin holders are capitalizing on the lower prices as they have switched to accumulating again. Bitcoin Whales Are Now In Net Buying Mode According to data from the market intelligence platform IntoTheBlock, the Large Holders are buying BTC right now. The on-chain indicator of relevance here is the “Large Holders Netflow,” which keeps track of the net amount of the asset that’s entering into or exiting out of the wallets associated with Large Holders. The analytics firm defines ‘Large Holders’ as the entities that are carrying at least 0.1% of the cryptocurrency’s entire supply in…

According to Ethereum’s co-founder Vitalik Buterin, while theft is often discussed in crypto security, many people also lose significant amounts of crypto due to negligence and accidents, and wallet solutions must address these risks as well. In his recent post on X, Vitalik Buterin brought the crypto community’s attention to the fact that many people lose their crypto through actual loss (due to forgotten passwords, software bugs, or lost devices) rather than theft. While conversations about crypto fraud have been rife, particularly in the wake of the $1.5 billion theft from Bybit (although the exchange fully covered the loss through…