Category: News

Bitcoin payments firm Strike now offers callback phone support to its verified U.S. customers. “We know that sometimes a phone conversation is the most effective way to get the help you need,” the company said when it officially announced the service on Thursday, also calling it “the best support experience in bitcoin.” Phone support is […] Source: https://news.bitcoin.com/strike-launches-callback-phone-support/

A Bybit payroll fraud scheme funneled $5.7 million into a worker’s personal wallets, funding luxury splurges before authorities uncovered the deception and issued a prison sentence. Bybit Crypto Payroll Fraud Leads to Prison Sentence A former payroll employee has been sentenced to nine years and 11 months in jail for orchestrating a $5.7 million fraud […] Source: https://news.bitcoin.com/bybit-payroll-heist-nearly-10-years-in-prison-for-5-7m-crypto-theft/

The European Central Bank is advancing its digital asset settlement strategy, aiming to streamline transactions, enhance security, and strengthen financial stability across European markets. Digital Asset Settlement Transformed as ECB Embraces DLT Solutions The European Central Bank (ECB) announced on Feb. 20 an expansion of its initiative to facilitate the settlement of distributed ledger technology […] Source: https://news.bitcoin.com/ecb-expands-digital-asset-settlement-a-major-shift-in-european-finance/

Russia’s Supreme Court is pushing to classify cryptocurrency as property in penal cases, aiming to strengthen law enforcement’s ability to track, freeze, and confiscate illicit digital assets. Russia’s Supreme Court Advances Crypto Legalization Efforts Russia’s Supreme Court has taken an increasingly active role in defining the legal status of cryptocurrency, with its latest efforts focusing […] Source: https://news.bitcoin.com/russias-supreme-court-moves-to-classify-crypto-as-property/

Coinbase’s CEO says winning against the SEC was crucial to protecting U.S. crypto, accusing the agency of overreach and political intimidation. Coinbase CEO Reveals Why Standing Up to the SEC Was Essential Following the U.S. Securities and Exchange Commission’s (SEC) decision to withdraw its lawsuit against Coinbase, CEO Brian Armstrong addressed the situation, explaining why […] Source: https://news.bitcoin.com/coinbase-explains-how-they-beat-the-sec-and-what-it-means-for-crypto/

North Korea’s Lazarus Group, a state-backed hacking collective renowned for its technical sophistication, executed the largest cryptocurrency theft in history by stealing $1.46 billion from Bybit, investigators confirmed. North Korea’s Lazarus Engineered History’s Largest Cryptocurrency Theft The Lazarus Group, a cybercrime unit linked to North Korea’s Reconnaissance General Bureau, leveraged advanced tactics to breach Bybit’s […] Source: https://news.bitcoin.com/north-koreas-lazarus-groups-sophisticated-tactics-behind-1-46b-bybit-crypto-heist/

Bybit scrambled to process over 350,000 withdrawal requests after a massive hack, with executives calling it possibly the worst financial breach ever. Bybit in Crisis Mode—350,000 Withdrawals Flood the System Ben Zhou, CEO of crypto exchange Bybit, provided an update on social media platform X on Feb. 21 regarding the company’s response to a recent […] Source: https://news.bitcoin.com/bybit-faces-historic-withdrawals-350k-requests-and-counting/