FBI confirms North Korea-backed Lazarus hackers stole $1.5 billion from Bybit

FBI tracks Ethereum laundering spree by North Korean hackers amid rising threat of cyber warfare in the crypto world.

Feb 27, 2025

Happy Thursday!

In today's crypto landscape, significant headlines reveal the escalating tensions and challenges within the industry. The FBI has confirmed that North Korean hackers from the notorious Lazarus Group orchestrated a staggering $1.5 billion theft from Bybit, marking one of the largest heists in crypto history. Meanwhile, Binance is pushing back against claims of dumping Ethereum and Solana, asserting its role as a neutral trade facilitator. Investor sentiment is also shifting, as Bitcoin ETFs face record outflows of nearly $938 million, driven by growing unease among stakeholders. On a more proactive note, Oklahoma is advancing legislation to adopt Bitcoin reserves, while other states remain hesitant. Stay tuned for more insights on these developments!

LATEST SLATECAST 🎙️ AuthLN’s Mike Siers on harnessing Bitcoin’s lightning network to revolutionize cybersecurity

🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game.

The global crypto market cap is $2.83 trillion, with a 24-hour volume of $152.35 billion. The price of Bitcoin is $85,605.53, and BTC market dominance is 59.8%. The price of Ethereum is $2,326.17, and ETH market dominance is 9.9%. The best-performing sector is Adult, which gained 18%. The Crypto Fear & Greed Index is currently Extreme Fear (10).