Author: Michael Johnson

Bybit CEO has said that 20% of the $1.4B stolen from the exchange is now untraceable. Hackers converted $1B in ETH to BTC via THORChain and spread it. So far, 11 bounty hunters have assisted in freezing $42M of the stolen funds. In a stunning update, Bybit CEO Ben Zhou has revealed that $280 million of the $1.4 billion stolen from the cryptocurrency exchange in the February hack has vanished into untraceable channels. 3.4.25 Executive Summary on Hacked Funds: Total hacked funds of USD 1.4bn around 500k ETH, 77% are still traceable, 20% has gone dark, 3% have been frozen.…

The crypto market has crashed, losing $1.01 billion in liquidations. Bitcoin (BTC) has plunged below $84k while altcoins like ETH and SOL have slumped 15-20% Bitcoin Pepe’s presale offers a compelling alternative with the price set to rise from $0.0255 to $0.0268 in next presale stage. The crypto market is reeling from a brutal wave of liquidations. Over $1 billion in leveraged positions have vanished in the last 24 hours, according to Coinglass data. The liquidations have hit traders hard across major exchanges. Bitcoin alone accounted for $396.16 million in wiped-out positions. Ethereum saw $209.58 million evaporate, and Solana’s liquidations…

The Ethereum Foundation is thrilled to announce a new leadership structure, welcoming Hsiao-Wei Wang and Tomasz Stańczak as co-Executive Directors effective March 17th. This marks an exciting new chapter in the Foundation’s evolution as we continue to support a growing Ethereum ecosystem…. Source link

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…

Crypto prices traded within a range last week as crypto takes is relegated to the back burner in the wake of economic uncertainties Exchange-traded fund (ETF) inflows were negative as Bitcoin ETFs logged net outflows of $62.9 million while Ethereum ETFs logged $8.9 million in outflows Bitcoin Bitcoin’s price action continued trading rangebound, with weekly highs and lows of $99,509 and $93,331, as uncertainty looms around inflation, US President Donald Trump’s policies, and geopolitical events. Zooming out, we see that price action has ranged at the daily support level for the last three weeks as current market conditions lack sufficient…

My dear Ethereum community, Today, I’m excited to turn the page and share that I will be closing this chapter as Executive Director of the Ethereum Foundation soon and stepping into a new role as its President. This new opportunity will allow me to continue supporting EF’s institutional relationships, and to expand the reach of our vision and culture more broadly. I’m feeling deeply grateful and enthusiastic for what’s ahead, and while I made this decision a year ago, recent events have given me the perfect opportunity to reflect on what truly matters to me. These past few weeks have…

Infini neobank hacked for $49.5M USDC, swapped for 17,696 ETH. The attacker exploited retained admin privileges in Infini’s smart contract. Infini’s founder has promised full compensation, citing negligence in authority transfer. On February 24, 2025, Infini, a Hong Kong-based stablecoin neobank blending cryptocurrency and traditional finance, experienced a devastating security breach, resulting in the loss of approximately $49.5 million in USD Coin (USDC). The exploit, first flagged by blockchain security firm CertiK at 3:18 AM UTC, has sent shockwaves through the decentralized finance (DeFi) community, underscoring persistent vulnerabilities in the crypto space, especially following the recent $1.4 billion Bybit hack…

The crypto market is subject to a neutral market sentiment even as the bulls remain in control. Subsequently, majors like Ripple and Ethereum are range-bound while their steady fundamentals support the prices.  On the other hand, more savvy investors are shifting their focus to meme crypto projects with the potential to revolutionize the industry. One such entity is Bitcoin Pepe. In fact, it is presented as the missing puzzle piece in the Bitcoin network. Through its mission of building “Solana on Bitcoin”, it is creating a platform defined by low fees, speedy transactions, and the ability to launch meme coins…

Today, we’re excited to announce the Pectra Audit Competition, kicking off on Cantina! This month-long event will run from February 21 to March 24, and we’re excited to see what issues the security community can find. Why Pectra Matters Some of the key EIPs for Pectra are listed below From EOAs to Smart Accounts (EIP-7702) Enhances Externally Owned Accounts (EOAs) with smart contract features. Key Benefits Transaction Batching: Combine multiple operations into a single transaction.Gas Sponsorship: Others can pay fees for the account.Alternative Authentication: Use hardware security modules or passkeys for authorization.Spending Controls: Limit token usage/outflows for improved security.Recovery Mechanisms:…

Franklin Templeton has launched EZPZ ETF tracking Bitcoin and Ether. The EZPZ ETF is the second US crypto index ETF. The other crypto index is Hashdex’s Nasdaq Crypto Index US ETF (NCIQ). Franklin Templeton, a prominent global asset manager, has introduced a new exchange-traded fund (ETF) that provides investors with exposure to both Bitcoin (BTC) and Ethereum’s Ether (ETH). Announced on February 20, 2025, the Franklin Crypto Index ETF, trading under the ticker EZPZ, marks the second crypto index ETF to launch in the United States, following closely on the heels of Hashdex’s Nasdaq Crypto Index US ETF (NCIQ), which…