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PEXX, the cross-border USD platform built for today’s mobile workforce, has opened its full neo-banking suite to customers in more than 50 countries. The launch delivers four connected products that let users Bank Different, Pay Different, Send Different, and Earn Different—replacing legacy bank delays, paperwork, and hidden fees with real-time settlement and transparent pricing.
Since its initial launch in 2024, PEXX has empowered users across 50+ countries to move money faster, easier, and more affordably than traditional finance.
With its expanded platform, PEXX fills three gaps no single provider closes:
Together, these capabilities hand the borderless, digital-first generation one modern way to hold, move, and grow dollars—wherever life goes next.
Banking Done Different
USD and Stablecoins Everywhere. All at Once
PEXX gives users everything they expect from a USD bank—without the barriers.
Key features include:
The Best Rates in the Game
In key payment corridors, PEXX has developed stablecoin payment infrastructure to outperform leading global fintech players.
Illustration of comparison below on 2 June 2025:
| Corridor | Amount Sent | Recipient Gets | Value Over Other Competitors | Settlement Time |
| USD → INR | $1,000 | ₹85,887 | +₹1,069 (~ USD 12.51) | 30 seconds |
| USD → VND | $1,000 | ₫25,958,555 | +₫161,684 (~ USD6.21) | 2 minutes |
| USD → IDR | $1,000 | Rp16,317,838 | Rp132,517 (~USD8.12) | 30 seconds |
By pairing real-time FX with zero transfer fees, PEXX lets users keep 1–2% more on every transfer—ideal for freelancers, businesses, and global citizens.
Built for the Rest of Us
PEXX is accessible worldwide—purpose-built for:
“Banking Without Borders”
“PEXX gives you everything you expect from a USD bank—except the borders, high fees and friction. Our mission is simple: if you’ve got a passport and a phone, you should have full access to USD, just like anyone else. That’s the future we’re building.”
— Marcus Lim, CEO and Founder of PEXX
Seed Funding & Growth Roadmap
PEXX recently closed over $4 million seed round led by TNB Aura, with participation from Antler and LongHash Ventures, alongside angel investors including Dexter Lo, Kenneth Low.
This strategic funding will fuel the company’s next phase—spanning global licensing, product innovation, and expansion across Asia, Latin America, and the Middle East.
PEXX also partners with Fireblocks for secure asset custody and Ripple for ultra-fast global blockchain payments. As an AUSTRAC-registered Digital Currency Exchange (DCE) and remittance dealer and Money Service Business in the US, PEXX combines cutting-edge technology with regulatory compliance to deliver a truly borderless banking experience.
About PEXX
PEXX is a next-generation USD platform and neo-banking suite built for the global generation. Founded in 2024, it delivers borderless access to U.S. dollars through interest-bearing wallets, real-time transfers, and a globally accepted Visa card—powered by stablecoins, tokenized T-Bills, and blockchain settlement. From freelancers to founders, PEXX brings Wall-Street-level financial tools to everyone, everywhere—showing there’s a smarter, truly different way to send, spend, earn, and bank your money.
To download the app, visit https://pexx.com.
World Liberty Financial (WLFI) has seen its portfolio significantly decrease in value. Currently, the total value of its holdings stands at approximately $74.7 million, marking a 6.17% decline. The platform holds a range of cryptocurrencies, including Ethereum (ETH), Wrapped Bitcoin (WBTC), and TRON (TRX), with some assets seeing substantial losses.
The portfolio’s largest asset, Ethereum (ETH), has experienced a sharp drop of 9.12%, with a current value of $14.11 million. Similarly, its holdings in stETH are down by 9.17%, totaling $9.27 million. The platform has also faced a loss in Wrapped Bitcoin (WBTC), which dropped by 3.78%, now valued at $12.87 million.
Despite these losses, WLFI continues to hold other assets such as USDT and MOVE, which have remained stable or shown positive growth. USDT has not changed, while MOVE has increased by 6.76%, now valued at $3.87 million.
You can also read this Trump’s Impact on Cryptocurrency Regulations Explained
Despite these losses, WLFI continues to bolster its portfolio. On March 6, the platform acquired $21.5 million worth of Ethereum, Wrapped Bitcoin (WBTC), and Movement Network tokens. This demonstrates WLFI’s continued confidence in its investment strategy, despite the downturn.
The platform has also formed a strategic partnership with Sui, a blockchain project founded by former Meta developers, to explore decentralized finance (DeFi) opportunities. This partnership could help WLFI diversify its investments and expand its influence in the DeFi space.
WLFI has also seen some success with its token presale, attracting retail investors. However, it remains $2 million short of its target for the second presale phase. WLFI tokens are primarily being purchased using Ethereum and USDC, indicating growing interest from smaller investors.
You can also read this ThorChain, A Tool for Laundering Stolen Assets
Looking ahead, WLFI is positioning itself for long-term growth. The platform is preparing to launch its own version of an Aave vault, allowing users to earn passive income through crypto lending. This is part of its broader strategy to enhance its DeFi offerings.
Despite the current losses, WLFI remains a significant player in the DeFi space. The platform’s aggressive expansion into Ethereum and other blockchain ecosystems, along with its partnership with Sui, may provide a solid foundation for future success.
However, WLFI’s involvement in the cryptocurrency market raises concerns about potential conflicts of interest, especially considering its leadership. Nevertheless, the platform’s ongoing presales and strategic investments suggest it is still positioning itself for potential growth in the future.
You can also read this Pump.fun X Account Hacked to Promote Fake $PUMP Token
Editor’s Note: This article does not represent financial advice. Please conduct your own research before investing.
On March 6, 2025, President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile. This new approach contrasts with the past, where the U.S. government sold seized Bitcoin early, missing out on significant profits.
JUST NOW!
— Margo Martin (@MargoMartin47) March 7, 2025
President Trump signs an Executive Order establishing the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpilepic.twitter.com/N9p2sQknVS
The reserve will hold around 200,000 Bitcoin obtained through federal asset forfeiture, with the goal of preserving them as a long-term store of value rather than selling them prematurely.
In addition to Bitcoin, the order sets up a U.S. Digital Asset Stockpile that will hold other cryptocurrencies seized in criminal or civil cases.
Despite initial excitement, the announcement led to disappointment among some market participants. The government’s decision not to acquire additional Bitcoin for the reserve immediately dampened investor enthusiasm.
Bitcoin’s price fell more than 5%, briefly dropping to $85,000. The absence of a clear strategy for acquiring more Bitcoin raised concerns about the reserve’s ability to fully leverage Bitcoin’s long-term growth potential.
Critics argue that not actively expanding the reserve could expose it to market volatility, limiting its effectiveness. On the other hand, supporters maintain that holding the Bitcoin without selling it could prevent the mistakes of past sales, allowing the government to avoid missing out on future gains.
You can also read this Trump to Host Historic White House Crypto Summit on March 7
The creation of the Strategic Bitcoin Reserve signals a shift in the U.S. government’s approach to managing digital assets. By holding Bitcoin as a national reserve, the U.S. could set a global precedent for other countries looking to integrate digital assets into their financial strategies.
This move is part of Trump’s broader vision to support digital asset growth and establish the U.S. as the global leader in cryptocurrency innovation.
The long-term impact of this decision could influence how digital assets are integrated into national economies and shape the future of digital finance worldwide.
[Editor’s Note: This article does not represent financial advice. Please do your own research before investing.]
You can also read this ThorChain, A Tool for Laundering Stolen Assets
On March 4, 2025, Bybit CEO Ben Zhou confirmed that $1.07 billion of the stolen assets from the recent $1.4 billion breach could still be traced. The hack occurred on February 21, 2025, when hackers managed to steal over 499,000 ETH along with other tokens.
3.4.25 Executive Summary on Hacked Funds:
— Ben Zhou (@benbybit) March 4, 2025
Total hacked funds of USD 1.4bn around 500k ETH, 77% are still traceable, 20% has gone dark, 3% have been frozen.
Breakdown:
– 83% (417,348 ETH, ~$1B) have been converted into BTC with 6,954 wallets (Average 1.71 btc each) . This and…
Most of these stolen funds were quickly laundered using THORChain, a decentralized platform designed for cross-chain asset swaps. While a portion of the funds has been successfully tracked, much of it remains hidden due to the sophisticated methods the hackers used to cover their tracks.
The swift laundering process demonstrates how decentralized platforms can be exploited for criminal activities. In this case, THORChain, which allows seamless transactions between different blockchains, became a crucial tool for the hackers to move the stolen assets.
The decentralized nature of THORChain made it difficult for authorities to halt the laundering process in real time, further complicating efforts to recover the stolen funds.
You can also read this Bybit Fully Replaces Stolen $ETH After $1.4B Hack
THORChain played a central role in the hackers’ laundering operations. According to Bybit, the attackers converted approximately 83% of the stolen assets—around 417,348 ETH—into Bitcoin (BTC). They then spread the funds across 6,954 wallets, which made tracking and recovery significantly more difficult.
The surge in transaction volume on THORChain following the hack, which reached over $5.8 billion, raised red flags about the platform’s involvement in facilitating these illicit activities.
Critics of THORChain’s system, including blockchain security expert Taylor Monahan, argue that the platform’s decentralized nature allows it to operate within a “bubble” that inadvertently enables money laundering.
This isolated ecosystem benefits insiders and criminals who find ways to exploit the system for illicit gains. The incident has sparked a wider debate about the need for tighter regulations and security measures within decentralized finance (DeFi) platforms.
Despite the hackers’ attempts to cover their tracks, Bybit’s investigation into the breach has led to some recovery of stolen assets. Zhou reported that $42 million of the stolen funds had been successfully frozen. Additionally, 11 independent bounty hunters received a total of $2.1 million in rewards for their role in helping track down and freeze assets.
Platforms like Mantle, Paraswap, and blockchain expert ZachXBT have contributed significantly to this effort, but much of the stolen funds remain unaccounted for due to the complexity of the laundering methods.
This situation has shown that, despite improvements in blockchain analytics and tracking technology, the nature of DeFi platforms presents significant risks for asset security.
You can also read this Trump to Host Historic White House Crypto Summit on March 7
The Bybit hack underscores the critical need for stronger security protocols in the cryptocurrency industry, particularly within decentralized platforms. Experts suggest that solutions like off-chain transaction validation could help mitigate similar breaches in the future.
By improving security measures and fostering better collaboration between crypto firms, regulators, and cybersecurity professionals, the industry can better protect itself from increasingly sophisticated attacks.
Bybit’s quick response to freeze the stolen funds and launch recovery efforts highlights the importance of proactive security measures. However, as decentralized finance continues to grow, platforms like THORChain will need to implement more robust security features to prevent such breaches.
[Editor’s Note: This article does not represent financial advice. Please do your own research before investing.]
You can also read this You can also read this Trump to Host Historic White House Crypto Summit on March 7
On March 7, 2025, President Trump will lead the inaugural White House Crypto Summit, gathering key figures in the industry to establish the regulatory framework for cryptocurrencies. The summit’s goal is to encourage innovation while ensuring the sector remains secure and well-regulated.
President Trump will host the first White House Crypto Summit on Friday March 7. Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there! pic.twitter.com/PEynzDuAOt
— David Sacks (@davidsacks47) March 1, 2025
This event serves as an important platform for both government representatives and crypto experts to collaborate. By working together, they aim to create policies that promote industry growth, attract investments, and ensure market stability.
With this summit, the US government demonstrates its commitment to fostering a strong and dynamic crypto ecosystem. The discussions held will lay the groundwork for future cooperation, creating a more secure and prosperous crypto market.
Trump’s administration is taking significant steps to ensure the US remains at the forefront of the global crypto market. Plans are in place to establish a national crypto reserve and regulate stablecoins, creating a solid foundation for digital assets to thrive.
These regulatory moves are designed to increase investor confidence and solidify the US’s leadership in digital finance. With a stable regulatory environment, the crypto market is expected to attract further investment and innovation.
This new approach marks a pivotal moment for the US crypto industry, enabling rapid growth and providing businesses with the security needed for long-term success.
You can also read this FBI Confirms North Korean-Backed Lazarus Group
The White House Crypto Summit highlights the increasing backing from the US government for the crypto industry. By establishing clear and balanced regulations, the government aims to protect consumers and foster an environment that nurtures innovation.
With these regulatory frameworks in place, the market can grow with more security and opportunities. The US is positioning itself as a global leader in how digital assets should be regulated, ensuring a stable and thriving ecosystem.
This government support will likely speed up the industry’s growth and bring more stability to the crypto market, allowing innovation to continue driving the future of digital finance.
You can also read this Bitcoin Surges Past $82,000 in Quick Rebound
[Editor’s Note: This article does not represent financial advice. Please do your own research before investing.]
On February 28, 2025, Bitcoin took a sharp dive, falling to $78,197. However, it quickly reversed course, bouncing back by over 5%, rising past $82,000. This swift recovery came after the release of positive US economic data, with the PCE index for January showing inflation concerns were easing.
The market responded positively to the recent inflation data, with the Core PCE Price Index coming in at 0.3%, as expected, signaling inflationary pressures were easing. However, Personal Spending showed a slight decline of -0.2%, below the forecast of 0.1%.
This contributed to a weakening of the US dollar, which further boosted optimism in the market. As a result, analysts are hopeful that Bitcoin’s recovery will continue into March, with the cryptocurrency climbing above $82,000 and possibly starting a new upward trend.
Looking at the chart, Bitcoin’s bounce from $78,197 to over $82,000 illustrates a 5% recovery in a short period. This movement has sparked optimism that Bitcoin could continue to rise, especially if broader market conditions remain favorable.
With financial conditions improving, Bitcoin’s growth outlook has become more promising. Experts, including Julien Bittel from Global Macro Investor, believe that Bitcoin has already priced in the effects of past financial tightening.
There’s a lot of noise in the market right now – conflicting narratives everywhere.
— Julien Bittel, CFA (@BittelJulien) February 28, 2025
But here’s the reality – or at least my take on what’s really going on:
Everything happening in markets right now, especially in crypto, is a direct consequence of the tightening of financial… pic.twitter.com/iLPqiyw3LX
Despite the volatility, Bitcoin’s low RSI indicates it could be an excellent time for accumulation. With inflation concerns subsiding and the US dollar weakening, many analysts predict Bitcoin could break past $90,000 in the coming weeks.
At the crucial $80,000 support level, Bitcoin’s RSI of 23 signals it might be oversold, making this an attractive buying opportunity. If the market stabilizes, Bitcoin could see a solid upward move.
You can also read this Metaplanet’s Aggressive Strategy for Bitcoin Investment
Despite the recent dip, Bitcoin’s bullish trend remains intact. The drop below $80,000 is seen as a typical correction in an ongoing bullish market. Technical indicators, like the Stochastic RSI, suggest Bitcoin is currently oversold, presenting a prime opportunity for accumulation.
With the Stochastic RSI at low levels, the chart indicates Bitcoin could soon rebound. As long as Bitcoin holds key support levels, analysts are optimistic it will break through resistance and possibly surpass $90,000.
Overall, Bitcoin’s outlook remains positive. The bullish sentiment is expected to carry into March, setting the stage for further growth as long as key levels are maintained.
[Editor’s Note: This article does not represent financial advice. Please do your own research before investing.]
You can also read this Pump.fun X Account Hacked to Promote Fake $PUMP Token
On February 26, 2025, Pump.fun’s X account was hacked. The attackers promoted a fake $PUMP token, falsely claiming it was the platform’s official governance token. The fraudsters used an image from Pump.fun’s mobile app launch video and a fake Solana contract address.
Pump.fun’s co-founder, Alon Cohen, quickly alerted users to avoid interacting with the compromised account. While the team has not regained access, they are working to restore control. The hacker continued promoting fraudulent tokens during this time.
@pumpdotfun account has just been compromised. Please don’t interact
— alon (@a1lon9) February 26, 2025
Cohen confirmed that all security protocols were followed, but he suspected the issue was internal to X itself. Blockchain investigator ZachXBT supported this, linking the hack to similar incidents with other projects like Jupiter DAO and Dogwifhat.
You can also read this Metaplanet’s Aggressive Strategy for Bitcoin Investment
This hack raises serious concerns about security in the memecoin space. Platforms like Pump.fun, which enable quick token launches, are targets for hackers.
ZachXBT suggested that social engineering was likely involved in this attack. Hackers may have deceived platform employees with fraudulent documents or communications.
As interest in meme coins grows, so does the risk of attacks. The industry must strengthen its security measures to protect users and platforms from these threats. The crypto space must adapt to safeguard assets and reduce the risk of exploitation.
You can also read this FBI Confirms North Korean-Backed Lazarus Group
After the hack, Pump.fun promised to investigate the incident and restore control of their X account. They continue monitoring the situation and working on improvements.
we've regained access to this account. Based on current information, the extent of the compromise was limited to this X account.
— pump.fun (@pumpdotfun) February 26, 2025
TL:DR: the security protocols taken by the team to secure the X account were thorough, relied on industry best-practices, and focused on minimizing…
While Pump.fun followed standard security protocols, the attack shows the need for better defenses. Stronger social media security and better account protections could help prevent similar breaches in the future.
This incident serves as a reminder for users to verify any information they see. The Pump.fun hack highlights the ongoing risks in the crypto industry, calling for improved platform security and informed users.
Editor’s Note: This article does not represent financial advice. Please do your own research before investing.
The FBI has confirmed that North Korean-backed hackers, Lazarus Group and TraderTraitor, were responsible for the $1.5 billion theft from Bybit. The attack took place on February 21, 2025, during a routine cold wallet transfer.
The stolen funds were rapidly converted into Bitcoin and distributed across numerous blockchain addresses. The FBI has warned crypto firms to block transactions linked to the flagged addresses to prevent further laundering.
So far, $43 million has been recovered, and Bybit is offering $140 million in bounties to track the stolen assets.
You can also read this Bybit Fully Replaces Stolen $ETH After $1.4B Hack
The Lazarus Group has been behind several major crypto thefts, and this attack is part of their ongoing efforts to fund North Korea’s state operations.
These cybercriminals have stolen billions of dollars, and the stolen funds are believed to support North Korea’s nuclear weapons program, bypassing international sanctions.
The FBI’s confirmation of Lazarus Group’s involvement highlights the growing use of cyberattacks for state operations. Authorities have issued warnings to crypto firms to block transactions from addresses tied to the hackers.
North Korea’s increasing success in crypto thefts raises concerns about the vulnerability of global exchanges. The growing threat emphasizes the need for enhanced security and collaboration between crypto firms and authorities.
Despite the scale of the theft, recovery efforts are making progress. Bybit has managed to recover $43 million, with blockchain firms playing a key role in tracking the stolen assets. Bybit has also offered rewards for help in retrieving the remaining funds.
The breach underscores weaknesses in crypto security, particularly with cold wallet transfers. As the cryptocurrency market expands, ensuring the safety of digital assets from sophisticated hackers becomes crucial. Bybit’s recovery efforts and the FBI’s involvement highlight the importance of securing the crypto space.
As Lazarus Group continues targeting exchanges, the crypto world must strengthen its cybersecurity measures. Bybit is focusing on enhancing security protocols to protect users and prevent future breaches.
Editor’s Note: This article does not represent financial advice. Please do your own research before investing.
Metaplanet, a Tokyo-listed investment firm, purchased 135 BTC for $12.9 million, boosting its total Bitcoin holdings to 2,235 BTC. This acquisition happened just before Bitcoin’s price dipped below $91,000. Despite the drop, Metaplanet’s strategy has proven successful, with a 12% unrealized gain since it began accumulating Bitcoin last year.
Metaplanet has acquired 135 BTC for ~$13 million at ~$96,185 per bitcoin and has achieved BTC Yield of 23.2% YTD 2025. As of 2/25/2025, we hold 2235 $BTC acquired for ~$182.9 million at ~81,834 per bitcoin. pic.twitter.com/IxCCvR0zWC
— Simon Gerovich (@gerovich) February 25, 2025
By acquiring Bitcoin at $95,961 per coin, Metaplanet stays focused on its long-term vision. The firm’s aggressive strategy aims to reach 10,000 BTC by 2025 and 21,000 BTC by 2026.
Metaplanet’s quick response to market changes continues to set it apart in the growing world of institutional crypto investment. Their strategy is a clear sign of confidence in Bitcoin’s future value.
You can also read this Metaplanet Targets $62 Million to Expand Bitcoin Accumulation
El Salvador also took advantage of Bitcoin’s dip. On February 24, President Nayib Bukele announced the purchase of 7 BTC, bringing the country’s total holdings to 6,088 BTC. This purchase reassures critics that El Salvador remains committed to its Bitcoin strategy, despite IMF pressures to slow down Bitcoin acquisitions.
Since November 2022, El Salvador has consistently purchased one Bitcoin per day. This latest purchase, though a break in routine, strengthens the country’s position as a Bitcoin-driven economy.
El Salvador’s ongoing commitment to Bitcoin reflects a strategic approach that sees cryptocurrency as a valuable tool for future economic stability. Buying Bitcoin during dips aligns with their long-term financial goals.
Metaplanet’s Bitcoin strategy continues to deliver solid results. The firm reported a BTC yield of 23.2% for Q1 2025, putting it on track to meet its 35% yield goal. CEO Simon Gerovich has emphasized that maximizing Bitcoin yield is central to their strategy, which also includes a goal to reach 10,000 BTC by 2025 and 21,000 BTC by 2026.
By acquiring Bitcoin at a low average cost, Metaplanet has built a robust portfolio. The firm’s growth mirrors that of MicroStrategy, another leader in Bitcoin adoption.
Metaplanet’s strategy is focused on long-term growth, using Bitcoin as a treasury asset. Its performance highlights the potential for corporate investors in cryptocurrency to thrive during market fluctuations.
You can also read this Polymarket, Where You Can Bet on Anything
Bitcoin’s price recently fell by 5%, but it has since rebounded to $86,895.12. Despite these fluctuations, Metaplanet and El Salvador are still confident in Bitcoin’s long-term potential. Both continue to accumulate more Bitcoin, betting on its future appreciation.
Metaplanet now holds 0.01% of Bitcoin’s total supply, securing its spot as one of the top Bitcoin holders globally. Similarly, El Salvador’s increasing Bitcoin reserves demonstrate its belief in Bitcoin’s future value, even amid market dips.
For both Metaplanet and El Salvador, Bitcoin remains a core part of their financial strategies. Their continued investments reflect their unwavering confidence in Bitcoin’s long-term potential.
You can also read this Bybit Fully Replaces Stolen $ETH After $1.4B Hack
Metaplanet and El Salvador remain committed to their Bitcoin accumulation strategies. Metaplanet’s goal of reaching 21,000 BTC by 2026, along with El Salvador’s ongoing daily purchases, shows their dedication to Bitcoin as a long-term asset. Despite market fluctuations, both entities continue to position themselves for future growth.
These strategies align with the broader trend of institutional and governmental adoption of Bitcoin. As more entities follow their lead, Bitcoin’s role as a global financial asset continues to strengthen.
For both Metaplanet and El Salvador, Bitcoin represents more than just a market play. It’s a strategic investment that will provide long-term financial stability and growth.
Editor’s Note: This article does not represent financial advice. Please do your own research before investing.
Bybit, one of the largest crypto exchanges, was hit by a massive hack on February 21, 2024, losing $1.4 billion in $ETH. But Bybit didn’t waste any time. CEO Ben Zhou quickly announced that the exchange had already bought back $742 million worth of $ETH within two days, according to Lookonchain.
Zhou reassured users that Bybit’s assets are fully backed and promised a new proof-of-reserve audit, showing that everything is secure and 1:1. The exchange’s prompt action and transparency helped rebuild trust, especially after such a huge breach.
Latest Update: Bybit has already fully closed the ETH gap, new audited POR report will be published very soon to show that Bybit is again Back to 100% 1:1 on client assets through merkle tree, Stay tuned. https://t.co/QLa1vOujM6
— Ben Zhou (@benbybit) February 24, 2025
This rapid response proved Bybit’s commitment to protecting its users. Despite the breach, the platform kept running smoothly, and the support from the wider crypto community demonstrated just how resilient Bybit truly is.
After the hack, Bybit’s $ETH reserves plummeted from 439,000 to just 61,000 $ETH. But in less than a week, Bybit managed to restore over 446,000 $ETH—most of it coming from OTC trades. This swift recovery proves Bybit’s ability to bounce back from even the biggest setbacks.
Since being hacked, #Bybit has received ~446,870 $ETH($1.23B) through loans, whale deposits, and ETH purchases.#Bybit has nearly closed the gap. pic.twitter.com/0oz3ytLi4X
— Lookonchain (@lookonchain) February 24, 2025
Industry giants like Binance and Bitget also jumped in to help, sending 100,000 $ETH to Bybit in emergency liquidity. This support made it clear that the crypto world is united when it comes to protecting platforms and their users.
Binance and Bitget just deposited 50k+ ETH directly into Bybit's cold wallets. Bitget's deposits are especially interesting; its 1/4 of all of the exchange's ETH! (that I can see)
— Conor (@jconorgrogan) February 21, 2025
Since they skipped a deposit address, these funds were coordinated directly by Bybit themselves pic.twitter.com/yimpcYpLx7
Bybit’s fast recovery and transparency have earned them serious respect. Withdrawals quickly surged, showing users still have faith in the exchange. Thanks to its quick response, Bybit has proven that it’s ready to handle any challenge.
The Lazarus Group, a North Korean hacker group, is suspected of orchestrating the $1.4 billion hack. Experts think the stolen $ETH might not hit the market anytime soon. Instead, Lazarus may sit on it for a while, keeping it out of circulation to avoid causing a crash in $ETH prices.
Lazarus’ public wallet currently holds over $82 million in crypto, including $3.52 million in $ETH. However, this is just a small fraction of the $1.34 billion they’re estimated to have stolen last year. According to Chainalysis, Lazarus was responsible for over 60% of the crypto stolen in 2024.
Given Lazarus’ history, it’s likely that they’ll hold onto the stolen $ETH for the long term. This strategy would prevent a flood of stolen assets from hitting the market all at once, keeping $ETH prices from dropping further.
Although the hack caused $ETH to dip by 7%, the coin has bounced back to $2,765. Bybit’s continued $ETH purchases, including $295 million worth from OTC trades, have played a key role in this recovery.
To fully reverse its recent downtrend, $ETH needs to push past the $3,000 mark. The $2,700 to $3,000 range is the key resistance point, but growing institutional interest and a shrinking supply of $ETH on exchanges could help fuel a rally.
If $ETH manages to break through this resistance, it could spark a major price surge. The crypto world is watching closely, and the momentum is building to push $ETH even higher.
You can also read this XRP Sheds “Stablecoin” Label and Surpasses Solana’s Market Cap
Bybit’s quick recovery and $ETH’s rising price are great signs for both. Bybit has proven it can handle tough situations and bounce back stronger, while $ETH’s solid fundamentals make it a top contender for future growth.
With the swift recovery of both Bybit and $ETH, the future is looking bright. As these two continue to grow and evolve, we can expect even more positive momentum. The road ahead is filled with promise for both.
Editor’s Note: This article does not represent financial advice. Please do your own research before investing.
