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North Korea’s Lazarus Group is behind Bybit’s $1.4 billion hack earlier on Friday, according to an investigation by ZachXBT . Arkham Intelligence announced a bounty and investigation into finding the culprit behind the ByBit hack, where over $1B in Ethereum was stolen. JUST IN: North Korea's Lazarus Group behind Bybit's $1.4 billion hack, ZachXBT reports. — Watcher.Guru (@WatcherGuru) February 21, 2025 The Lazarus Group stole more than $1.4 billion in liquid-staked Ether and MetaETH (mETH), according to on-chain blockchain security analyst ZackXBT. ByBit Founder Ben Zhou assured users shortly after the hack, “All other cold wallets are secure.” “Unfortunately, this transaction was manipulated through a sophisticated attack that masked the singing interface, displaying the correct address while altering the underlying smart contract logic,” Zhou’s platform said. This allowed the hacker to gain control of the specified wallet in question and transfer funds. Arkham Inte...

MicroStrategy executive chair Michael Saylor believes that the SEC will classify Ethereum ETHER as a security, but deny Spot Ethereum ETF applications. Saylor spoke at MicroStrategy’s Bitcoin For Corporations conference on May 1 where the topic came up. He believes the SEC will label ETH as a crypto asset security under its regulatory purview and not a commodity under the U.S. Commodity Futures Trading Commission. Furthermore, Saylor speculated that the SEC may consider Ether , BNB, SOL, XRP, and ADA unregistered crypto asset sec urities. “None of [these tokens] will ever be wrapped by a spot ETF, none of them will be accepted by Wall Street, none of them will be accepted by mainstream institutional investors as crypto assets,” said Saylor. Also Read: Ripple (XRP) Reversal is Paving the Way to $2 in 2024 The SEC’s decision on Ether ETFs and Ether being a security has been a topic of debate for some time. Following the decision to not label Ripple’s XRP as a s...