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#ByBit

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⚯ Michel de Cryptadamus ⚯<p><a href="https://universeodon.com/tags/ZachXBT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ZachXBT</span></a> is probably world's greatest crypto detective. He's pro-crypto but has busted a *ton* of frauds and scams.</p><p>Recently he's been working on tracking <a href="https://universeodon.com/tags/NorthKorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NorthKorea</span></a>'s massive money laundering operation in the wake of the <a href="https://universeodon.com/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> hack and seems to have concluded that the entire crypto industry is fucked (which some of us have known all along).</p><p>* Telegram link: <a href="https://t.co/7Fi2sk1cqF" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="">t.co/7Fi2sk1cqF</span><span class="invisible"></span></a></p><p><a href="https://universeodon.com/tags/DPRK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DPRK</span></a> <a href="https://universeodon.com/tags/LazarusGroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>LazarusGroup</span></a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>uspol</span></a> <a href="https://universeodon.com/tags/eupol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>eupol</span></a> <a href="https://universeodon.com/tags/defi" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>defi</span></a> <a href="https://universeodon.com/tags/defi" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>defi</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/moneylaundering" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>moneylaundering</span></a> <a href="https://universeodon.com/tags/KYC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>KYC</span></a> <a href="https://universeodon.com/tags/infosec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>infosec</span></a> <a href="https://universeodon.com/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cybersecurity</span></a></p>
Arie van Deursen 🇳🇱🇪🇺🟥<p>The $1.5 billion ether heist made it to the New York Times.</p><p><a href="https://www.nytimes.com/2025/03/06/technology/bybit-crypto-hack-north-korea.html?unlocked_article_code=1.104.vd5K.bND0gISbUXUc&amp;smid=nytcore-ios-share&amp;referringSource=articleShare" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">nytimes.com/2025/03/06/technol</span><span class="invisible">ogy/bybit-crypto-hack-north-korea.html?unlocked_article_code=1.104.vd5K.bND0gISbUXUc&amp;smid=nytcore-ios-share&amp;referringSource=articleShare</span></a></p><p><a href="https://mastodon.acm.org/tags/bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bybit</span></a> <a href="https://mastodon.acm.org/tags/ethereum" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ethereum</span></a> <a href="https://mastodon.acm.org/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a></p>
Socket<p>🚨 Crypto's worst start to a year: $1.6B lost in hacks in just 2 months—already surpassing all of 2024. The $1.46B <a href="https://fosstodon.org/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> hack, linked to North Korea’s <a href="https://fosstodon.org/tags/Lazarus" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Lazarus</span></a> Group, shatters previous <a href="https://fosstodon.org/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> breach records. Experts warn even well-funded platforms are unprepared for the next wave of attacks. </p><p><a href="https://socket.dev/blog/bybit-hack-crypto-losses" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">socket.dev/blog/bybit-hack-cry</span><span class="invisible">pto-losses</span></a></p>
Stéphane Bortzmeyer<p>Intéressante discussion sur le blog de Schneier à propos du piratage de la place de marché de cryptomonnaies <a href="https://mastodon.gougere.fr/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a>. Le communiqué officiel et des articles parlent de "cold wallet" et en même temps du fait que les ordinateurs des gens autorisés auraient été piratés pour afficher une autre transaction que celle qui avait réellement lieu. Mais si c'étaient des cold wallets, qu'est-ce que l'ordinateur des utilisateurs avait à voir ? Étaient-elles réellement si cold (donc air gapped) que ça ? 1/2</p>
⚯ Michel de Cryptadamus ⚯<p>watching crypto bros who literally spent the last decade of their lives talking about "decentralization" and "uncensorability" make a hard 180 to "censorship by centralized entities is good, actually, because we're losing a lot of money" would be surprising if i had ever taken any of these clowns seriously.</p><p>"open source", "uncensorable", "decentralized" - it's all a farce. these guys believe whatever makes the number go up right now and nothing more.</p><p>p.s. <a href="https://universeodon.com/tags/SamsonMow" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SamsonMow</span></a> is also a <a href="https://universeodon.com/tags/Tether" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tether</span></a> bro who's probably literally on some chinese organized crime payroll.<br><a href="https://x.com/Excellion/status/1894614521572106537" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">x.com/Excellion/status/1894614</span><span class="invisible">521572106537</span></a></p><p><a href="https://universeodon.com/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/infosec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>infosec</span></a> <a href="https://universeodon.com/tags/DPRK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DPRK</span></a> <a href="https://universeodon.com/tags/LazarusGroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>LazarusGroup</span></a> <a href="https://universeodon.com/tags/decentralization" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>decentralization</span></a> <a href="https://universeodon.com/tags/triads" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>triads</span></a> <a href="https://universeodon.com/tags/finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>finance</span></a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>uspol</span></a> <a href="https://universeodon.com/tags/corruption" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>corruption</span></a> <a href="https://universeodon.com/tags/crime" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crime</span></a> <a href="https://universeodon.com/tags/OrganizedCrime" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>OrganizedCrime</span></a> <a href="https://universeodon.com/tags/NorthKorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NorthKorea</span></a></p>
The New Oil<p>North Korean hackers linked to $1.5 billion <a href="https://mastodon.thenewoil.org/tags/ByBit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ByBit</span></a> <a href="https://mastodon.thenewoil.org/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> heist</p><p><a href="https://www.bleepingcomputer.com/news/security/north-korean-hackers-linked-to-15-billion-bybit-crypto-heist/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">bleepingcomputer.com/news/secu</span><span class="invisible">rity/north-korean-hackers-linked-to-15-billion-bybit-crypto-heist/</span></a></p><p><a href="https://mastodon.thenewoil.org/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cybersecurity</span></a> <a href="https://mastodon.thenewoil.org/tags/NorthKorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NorthKorea</span></a></p>
⚯ Michel de Cryptadamus ⚯<p><a href="https://universeodon.com/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> in the middle of a $4bn bank run after a $1.5bn hack = $5.5bn outflows on a starting stack of ~$16bn...</p><p>but the good¹ assets are fleeing faster and so now Bybit's top holdings include absolute <a href="https://universeodon.com/tags/shitcoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>shitcoins</span></a> like <a href="https://universeodon.com/tags/MNT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MNT</span></a> and <a href="https://universeodon.com/tags/PEPE" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PEPE</span></a>.</p><p>tl;dr funds are SNAFU.</p><p>¹ in crypto terms, at least</p><p><a href="https://universeodon.com/tags/DPRK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DPRK</span></a> <a href="https://universeodon.com/tags/northkorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>northkorea</span></a> <a href="https://universeodon.com/tags/lazarusgroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>lazarusgroup</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/infosec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>infosec</span></a> <a href="https://universeodon.com/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cybersecurity</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a></p>
stux⚡<p>Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist </p><p><a href="https://www.nbcnews.com/tech/crypto/hackers-steal-15-billion-exchange-bybit-biggest-ever-crypto-heist-rcna193273" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">nbcnews.com/tech/crypto/hacker</span><span class="invisible">s-steal-15-billion-exchange-bybit-biggest-ever-crypto-heist-rcna193273</span></a></p><p><a href="https://mstdn.social/tags/Cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Cryptocurrency</span></a> <a href="https://mstdn.social/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> <a href="https://mstdn.social/tags/northkorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>northkorea</span></a></p>
The New Oil<p><a href="https://mastodon.thenewoil.org/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> Loses $1.5B in Hack but Can Cover Loss, CEO Confirms</p><p><a href="https://www.coindesk.com/business/2025/02/21/bybit-experiences-usd1-46b-in-suspicious-outflows-zachxbt" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">coindesk.com/business/2025/02/</span><span class="invisible">21/bybit-experiences-usd1-46b-in-suspicious-outflows-zachxbt</span></a></p><p><a href="https://mastodon.thenewoil.org/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cybersecurity</span></a> <a href="https://mastodon.thenewoil.org/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://mastodon.thenewoil.org/tags/Ethereum" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Ethereum</span></a></p>
⚯ Michel de Cryptadamus ⚯<p>now that the $1.4 billion worth of crypto stolen from <a href="https://universeodon.com/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> is being laundered through <a href="https://universeodon.com/tags/MarcAndreessen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MarcAndreessen</span></a> / <a href="https://universeodon.com/tags/a16z" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>a16z</span></a>’s Uniswap, I figured it would be a good time to repost this explanation of how the last massive pile of stolen crypto was also laundered through Marc Andreessen’s Uniswap.</p><p>tl;dr there are no incentives to dissuade north korea (or whoever) from laundering stolen crypto in a16z’s business model. in fact quite the opposite - a16z and Marc Andreessen massively profits from the popularity of its money laundering service.</p><p><a href="https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">cryptadamus.substack.com/p/of-</span><span class="invisible">tech-bros-and-trumpers</span></a></p><p><a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>uspol</span></a> <a href="https://universeodon.com/tags/nerdreich" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>nerdreich</span></a> <a href="https://universeodon.com/tags/uspolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>uspolitics</span></a> <a href="https://universeodon.com/tags/broligarchy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>broligarchy</span></a> <a href="https://universeodon.com/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://universeodon.com/tags/BenHorowitz" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BenHorowitz</span></a></p>
⚯ Michel de Cryptadamus ⚯<p>dude who waited 2.5 years to get his <a href="https://universeodon.com/tags/FTX" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FTX</span></a> money only to deposit it into <a href="https://universeodon.com/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> an hour before that company was hit with the largest hack/theft in human history is basically the crypto industry in a nutshell.</p>