Bybit | ForkLog

ForkLog 28 17.04.2025

Bybit to Cease Most Web3 Services

Exchange Bybit announced the closure of most of its Web3 services. The company plans to halt activities in several areas by the end of May. According to the statement, from May 31, Cloud Wallet and Keyless Wallet, the multichain platform DEX Pro, and the cross-chain swap widget Swap & Bridge will become unavailable. On April […]

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ForkLog 78 15.04.2025

Bybit CEO Denies $1.4 Million Token Listing Fee Allegations

Bybit CEO Ben Zhou has refuted claims that the exchange charges $1.4 million for token listings, challenging accusers to provide evidence. 1. Which school is making students trade contracts? Show the evidence. 2. Which legal department reported competitors? Evidence? 3. Which coin listing charged a fee? Evidence? The crypto world is chaotic because of idiots […]

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ForkLog 27 11.04.2025

Life after Bybit

The industry took the Bybit breach in its stride, but it left a trail of questions. In an interview with FLMonthly, Irakli Dizenko, an expert in deploying crypto-security tools at HAPI, discusses whether DeFi should expect tighter rules, and the state of hacks in general and this case in particular. ForkLog: The Bybit breach ranks […]

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ForkLog 16 02.04.2025

Bybit to Shut Down Its NFT Marketplace

Bybit exchange announced the closure of its NFT marketplace. The platform will cease operations on April 8. Users are advised to withdraw their assets by this date. The exchange is also closing the Inscription Marketplace and IDO platforms. The decision is part of the company’s service optimization efforts. NFT trading volume has decreased by 90% […]

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ForkLog 166 26.03.2025

Bybit Denies Deposit Restrictions from Trust Wallet

Cryptocurrency exchange Bybit has denied rumours of issues with deposits from the non-custodial Trust Wallet. According to Bybit, standard deposit operations are fully available and proceed as usual. “Bybit continues to fully support deposits from Trust Wallet without any restrictions.” The exchange team noted that if potential risks or violations are detected, additional checks may […]

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ForkLog 34 20.03.2025

Ben Zhou: Majority of Stolen Bybit Funds Remain Traceable

Approximately 89% of the funds stolen from Bybit, amounting to around 500,000 ETH, remain traceable, according to Bybit’s CEO Ben Zhou. 3.20.25 Executive Summary on Hacked Funds: Hacker started to use mixers: 1. Wasbi 2. CryptoMixer 3. Railgun 4. TornadoCashTotal hacked funds of USD 1.4bn around 500k ETH. 88.87% remain traceable, 7.59% have gone dark, […]

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ForkLog 55 12.03.2025

Russia Emerges as Leading Traffic Source for Bybit in February

In February 2025, Russian users accounted for 29% of the total traffic to the cryptocurrency exchange Bybit, as reported by journalist Colin Wu. Other platforms popular among Russians include Deribit at 10% and KuCoin at 5%. Activity on Deribit is partly linked to the platform’s announcement of terminating services for Russian clients in compliance with […]

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ForkLog 13 06.03.2025

The Bybit Hack: Implications for Bitcoin Mixers and Mitigation Strategies

On February 21, the cryptocurrency exchange Bybit suffered a loss of $1.46 billion due to a breach of its cold Ethereum wallet. The attack was orchestrated by the hacker group Lazarus Group, which employs cross-chain bridges and coin mixing services for laundering funds. The hackers primarily utilized THORChain to exchange Ethereum for Bitcoin. Together with […]

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ForkLog 8 05.03.2025

Bybit Urges ParaSwap to Return Profits from Lazarus Transactions

Bybit has called on the ParaSwap DAO to return 44.67 wETH (approximately $100,000) earned from transaction fees by the Lazarus Group, which stole these funds from the platform. Verification of Proposal Authenticity ? @paraswap We hear the DAO community’s concerns and want to reassure you — this proposal is legitimate and comes directly from Bybit. […]

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ForkLog 25 04.03.2025

Bybit CEO: 20% of Stolen Assets Have ‘Gone Dark’

77% of the approximately 500,000 ETH stolen in the Bybit hack remain traceable, 20% have ‘gone dark’, and 3% have been frozen, according to details shared by the exchange’s CEO, Ben Zhou. 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, […]

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ForkLog 25 04.03.2025

THORChain Swap Volume Surpasses $4.6 Billion Following Bybit Hack

The multi-chain protocol THORChain processed a record $4.66 billion in swaps over the past week, according to DeFi Llama. On March 2, the figure exceeded the $1 billion mark. Data: DeFi Llama. The surge in activity followed the hack of the Bybit exchange. Analysts report that the perpetrators used THORChain to exchange and launder funds. […]

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ForkLog 110 28.02.2025

Pi Network Rebuts Fraud Allegations by Bybit CEO

The Pi Network team responded to allegations from Bybit exchange CEO Ben Zhou, who called the application a scam, in a comment to Cointelegraph. The issue arose from a post on an X-account titled “unofficial Pi Network tech team,” which claimed the platform rejected a listing offer from Bybit, which is “losing market position.” Zhou […]

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