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FBI confirms North Korean ‘TraderTraitor’ to blame for $1.5 billion Bybit hack

According to the FBI, TraderTraitor has been rapidly converting stolen Bybit assets to bitcoin and other assets via multiple blockchains.

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.

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.

Bybit’s CEO noted that Chinese users can use a VPN to access the exchange and noted the company hopes to reapply for a Hong Kong license.

Ethena, the brainchild of Arthur Hayes, claims to pass along Ethereum’s staking yield on steroids as a 37% USD APY.