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Bybit hack raises fear of criminal prosecution for negligent crypto leaders

Fearing criminal repercussions for failing to prevent money laundering, ostensibly decentralized services are intervening in the Bybit hack.

‘Market manipulation’ and ‘insolvency’ claimed as JefeDAO and OXFUN fight

The founder of the Su Zhu and Kyle Davies-run crypto exchange OXFUN tried to negotiate social media promo with the alleged “attacker.”

Some experts have called January 2025 as the top of memecoin season, but that would end more than a decade of seasonal ebbs and flows.

Live reporting •

Bybit was hacked today for over $1.4 billion in ether and staked ether, according to blockchain analysts and the firm’s CEO.