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The famous crypto firm and exchange, Bybit, has been hit by possibly the biggest crypto theft in history. The Dubai-based company said that hackers managed to steal $1.5B worth of digital currency. The attack, which was apparently carried out by North Korea’s Lazarus Group, was a highly sophisticated one. Perpetrators were able to intercept a transaction taking place from the exchange’s cold wallet to the warm one. They manipulated the transaction’s signing interface and quickly diverted 401,000 $ETH to an unidentified address. Ironically, the breach affected Bybit’s cold wallet, which was designed to be extra secure. Quite naturally, a cybercrime of this magnitude caused a stir in the larger crypto market. Ethereum fell by nearly 7%, whereas Bitcoin fell by 3%. Both the cryptos have, however, recovered at the time of writing. Bybit CEO Offers Assurance As news of the Bybit hack surfaced, customers flocked to withdraw their funds from the platform. The company is reportedly facing a ‘bank run’ worth $4B. Ben Zhou, the CEO of Bybit, took to X to assure users about the firm’s capability to let users withdraw funds. 12 hr from the worst hack in history. ALL withdraws have been processed. Our withdraw system is now fully back to normal pace, you can withdraw any amount and experience no delays. — Ben Zhou (@benbybit) February 22, 2025 Even though Bybit has promised users that their funds are safe and that the company is fully capable of refunding anyone affected by the hack, it doesn’t wash away its culpability, let alone the fear this has instilled in everyday crypto users like you and me. Increasing Cybersecurity Risks in Crypto According to a report from Chainalysis , a total of $2.2B was stolen from crypto platforms in 2024. This makes it the fifth year in the past decade that saw crypto losses exceed the $1B mark. It also tells us just how astronomically large Bybit’s $1.5B figure is. Not only is the amount huge, but this is Bybit we’re talking about. Cybercriminals being able to access a crypto exchange with over 60M users and $36B in daily trading volume raises serious questions about the industry’s security benchmarks. Moreover – and seasoned crypto players would know this – cybersecurity in crypto has been a long-drawn issue. For instance, $350M was stolen from crypto exchange Mt Gox in 2014, $611M from Poly Network in 2021, and $570M from Binance in 2022. Times like these remind us that any amount of innovation in DeFi or AI would be of little use if the foundation of privacy isn’t kept intact. Enter Best Wallet Token ($BEST) . Best Wallet Redefines Crypto Security Best Wallet is a non-custodial crypto wallet , meaning you get full control over your secret passkey. This eliminates the privacy scares that could’ve been possible if you had stored your funds in centralized exchanges like Bybit. Simply put, no one has access to your crypto but you. It’s also the first crypto wallet to use Fireblock’s MPC-CMP wallet technology, which involves advanced cryptographic techniques. Combined with the option to enable 2FA or use your biometrics for more seamless security, Best Wallet makes it nearly impossible for a malicious third party to gain access to your funds. Best Wallet also provides third-party crypto insurance against hacking and phishing attacks. So, in the unfortunate scenario your funds are permanently lost in a cyberattack, Best Wallet will see to it that you’re made whole. In addition to being the most secure crypto wallet out there, Best Wallet has also got other tricks up its sleeves. For instance, it allows you to directly buy top meme coins that are in presale. By getting in when the token is at its cheapest, you stand to make enormous yields. Best Wallet Token ($BEST) – The Best Altcoin to Buy In 2025 With Best Wallet allowing users to reclaim their privacy, its native cryptocurrency, $BEST , finds itself in a pole position to benefit from the wallet’s growth. Best Wallet, for instance, aims to capture 40% of the non-custodial crypto wallet market by 2026. Going by its continually inflating user base (currently at 500K+), this looks easily achievable. Also, Best Wallet Token holders will unlock special perks within the Best Wallet ecosystem. They’ll be able to carry out transactions at lower rates, for instance. What’s more, they’ll also get higher staking rewards and priority access to the best crypto presales . The $BEST presale , on the back of Best Wallet’s revolutionary security settings, is progressing at the rate of knots. It has so far raised a staggering $10M. You can get in now for just $0.0241 per token. But hurry up because prices increase in the next few hours. As always, we urge our readers to do their own research before investing their hard-earned money in crypto. The market can be pretty volatile, after all. Also, none of the above is a substitute for financial advice from a qualified professional.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Impostor Drains $87,000 From JPMorgan Chase Account – Bank Refuses To Reimburse One Penny: Report
JPMorgan Chase is reportedly refusing to cover losses for a customer who lost her life savings to a fraudster. Former policewoman Courtney White says she lost $87,000 to a thief who impersonated her and made withdrawals from her JPMorgan Chase account to the tune of thousands of dollars per day, reports NBC 5 Chicago. White says she deliberately opened an account with JPMorgan with no debit cards or checks to help her build a nest egg. But the impersonator emptied her account by going to various JPMorgan branches and making withdrawals in the flesh. She says she had no idea that someone was taking money out of her account until she received an “insufficient funds” alert, prompting her to check her account balance months after the thief began looting her funds. “Somebody should have recognized that this is an outrageous amount of transactions every day. It should have been… some sort of alert. I’ve never banked like that. And like I said, I’ve had Chase for 20 years.” White says she abruptly reported the theft to the police and filed reimbursement claims with JPMorgan. But the lender denied her claims, saying that she failed to report the fraud within 30 days of receiving her bank statement. Says JPMorgan in a statement, “We will cooperate with any investigation, as we always do. As we remind all customers, it is important to review your monthly statements and if you see any unauthorized transactions to let us know right away. We provide customers with many steps to boost account security, including setting up account alerts to receive notifications whenever there’s a purchase or withdrawal from your account that’s over a certain amount.” White also says JPMorgan won’t provide surveillance footage that could help identify the impersonator, and the bank says it only keeps video recordings for a certain amount of time. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Impostor Drains $87,000 From JPMorgan Chase Account – Bank Refuses To Reimburse One Penny: Report appeared first on The Daily Hodl . NewsBTC
Can $100 Become $1M? XRP, BITCOIN, and MAGACOINOFFICIAL.COM Could Be the Ultimate Picks for 2025!
The Crypto Market’s Next Big Opportunity Turning a small investment into life-changing wealth has always been the dream of crypto investors. Bitcoin (BTC) and XRP have already created millionaires, but the real question is: Which crypto could be next? While Tron (TRX), Cardano (ADA), Injective Protocol (INJ), and Chainlink (LINK) are showing strong momentum, the one coin that has investors buzzing is MAGACOINOFFICIAL.COM. With over $2 million raised in presale, this early-stage project is quickly becoming the hottest opportunity of 2025. LIMITED-TIME OFFER: GET 50% EXTRA BONUS WITH CODE “MAGA50X”! MAGACOINOFFICIAL.COM: The Hidden Gem With 100x Potential The biggest crypto gains always come before the masses jump in, and MAGACOINOFFICIAL.COM is in that prime early-stage position. Investors who recognized Solana, XRP, and Shiba Inu early saw life-changing gains—now this project could be the next major breakout. Presale Pricing Still Low – Investors can buy at the lowest possible price before exchange listings. Exclusive Availability – Only available at MAGACOINOFFICIAL.COM , making early access even more valuable. Massive Growth Potential – Analysts predict 50,000% upside, making it a once-in-a-lifetime investment opportunity. PRESALE SPOTS ARE SELLING FAST – CLICK HERE TO LOCK IN YOUR BONUS! Top Altcoins Gaining Investor Attention Tron (TRX): A blockchain focused on fast transactions and decentralized entertainment, gaining steady adoption. Cardano (ADA): A smart contract platform built for scalability and sustainability, expanding its network. Injective Protocol (INJ): A DeFi powerhouse, providing fast, decentralized trading solutions. Chainlink (LINK): The leading oracle network, bringing real-world data into blockchain ecosystems. DON’T WAIT! APPLY “MAGA50X” NOW FOR A 50% BONUS BEFORE PRESALE ENDS! Why MAGACOINOFFICIAL.COM Stands Out While TRX, ADA, INJ, and LINK are gaining momentum, the real wealth-building opportunity lies in early-stage investments like MAGACOINOFFICIAL.COM. With growing investor demand and upcoming exchange listings, this project could be the next massive crypto success story. DON’T WAIT! APPLY MAGA50X NOW FOR A 50% EXTRA BONUS! Conclusion Bitcoin and XRP have already proven themselves as life-changing investments, and while TRX, ADA, INJ, and LINK remain solid picks, the biggest gains will come from MAGACOINOFFICIAL.COM . With a presale price under $0.20, a 50% bonus offer, and massive upside potential, this could be the best crypto investment of 2025. Don’t wait until you’re watching others cash out —secure your stake today at MAGACOINOFFICIAL.COM ! Website: MAGACOINOFFICIAL.COM X/Twitter: https://x.com/officialMAGAx Continue Reading: Can $100 Become $1M? XRP, BITCOIN, and MAGACOINOFFICIAL.COM Could Be the Ultimate Picks for 2025! NewsBTC
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