DeFi News Official Today TheBitTimes.com

Bybit was hacked today for approximately $1.4 billion in ether(ETH) and staked ether (stETH). This hack was initially highlighted by blockchain analysts, including ZachXBT in his Telegram group, where he noted the outflows and informed the group that his “sources confirm it’s a security incident.” The hack was confirmed on X by Ben Zhou, the founder and chief executive of Bybit. He noted that the hacker “took control of the specific ETH cold wallet we signed and trasfered [sic] all ETH in the cold wallet.” He also assured users “ that all other cold wallets are secure ” and noted that withdrawals are otherwise proceeding as normal.  Bybit ETH multisig cold wallet just made a transfer to our warm wallet about 1 hr ago. It appears that this specific transaction was musked, all the signers saw the musked UI which showed the correct address and the URL was from @safe . However the signing message was to change… — Be...

Traders cannot ignore the overhanging danger of a pullback below Ether eum price’s immediate support at $1,900, especially with Bitcoin price delicately holding onto a high cliff’s edge, reinforced by the buyer congestion at $30,000. advertisement A Minor Pullback But Open Interest is Climbing Based on live data from Coinglass, a platform for tracking the crypto derivatives market, the Ethereum open interest is up by 0.98% to $6.26. Traders saw $10.48 million of 24-hour liquidations, with $8.19 million in longs and $2.28 million in shorts. Notably, rising open interest indicates that new money is entering the Ethereum market and that there is more interest and activity in the derivative contracts. It also implies that there is more liquidity and diversity in the market, as more traders are willing to take different positions and opinions. Therefore, if Ether eum upholds the short-term support at $1,900 and the open interest maintains a positive...