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Company

Bybit

Bybit is a major centralized cryptocurrency exchange offering spot and derivatives trading, which suffered a record $1.5 billion hack in early 2025.

Known aliases

  • Bybit Stocks
  • LazarusBounty

Current stories

investOne report1 publisher

Crypto's $876 million long liquidation flush hit a market stuffed with leverage, with longs up to 92% of liquidations at the peak

Leveraged crypto longs lost more than $876 million to liquidation in 24 hours, Crypto Briefing reported. A second tracker's October 15 tally puts longs at 84.5% of liquidations, under the 88% to 92% peak share.

Reality

Evidence40
Adoption
Not scored
Hype gap+15
Incentives
Not scored
Confidence45
investOne report1 publisher

More than 80% of Hypercall's $640 million in options volume on Hyperliquid is the S&P 500

Hypercall, an exchange built on Hyperliquid, has logged $640 million in notional volume since June 1, more than 80% of it in S&P 500 options. The exchange supplied every figure, and the whole run is a small fraction of one day's S&P 500 options trading.

Publishers:coindesk.com

Reality

Evidence35
Adoption15
Hype gap+25
Incentives55
Confidence60
investOne report1 publisher

Bitcoin's return above $84,000 coincides with short liquidations worth 0.06% of open interest

Bitcoin traded near $84,025 on Oct. 12, up 1.3% in 24 hours, as shorts made up $39.61 million of $46.68 million in liquidations, per CoinGlass. ETF inflows on Oct. 9 replaced only 2.9% of the Oct. 7-8 outflows, and the seven-day loss of about 3.3% is still open.

Publishers:cryptotimes.io

Reality

Evidence50
Adoption
Not scored
Hype gap+30
Incentives
Not scored
Confidence55
investConfirmed3 publishers

Attacker returns 15,000 of the 16,249 BNB drained through 79thVault's own operator role

79thVault's 79AU pool on PancakeSwap was drained on October 7 through a permission inside the project's own token. Cryptopolitan reported that the attacker has returned 15,000 of the 16,249 BNB, and the team plans to re-seed the pool behind burned LP tokens, the same lock Bitquery found on 79% of receipts when it was drained.

Perspective Coverage

3 publishers
Builder
Builder 48%
Operator
Operator 24%
Investor
Investor 28%

Reality

Evidence58
Adoption
Not scored
Hype gap+15
Incentives40
Confidence55
investOne report1 publisher

XRP closed 1.6% higher on Binance as spot turnover fell 78.6%

Binance XRP/USDT turnover fell 78.6% over the completed October 8-10 sessions while the closing price rose 1.6%, CryptoSlate reported. Binance and Bybit open interest was still below its October 8 level on October 11, and CryptoSlate sees no clear evidence of sustained buying behind the rebound.

Publishers:cryptoslate.com

Reality

Evidence68
Adoption
Not scored
Hype gap−10
Incentives
Not scored
Confidence66
investOne report1 publisher

ZachXBT paid a Chinese laundering network 5% an order to trace $12M in stolen Bybit funds

Investigator ZachXBT posed as a paying client of a Chinese laundering network and traced more than $12 million of North Korea's stolen Bybit funds. The trace covers under 1% of the roughly $1.5 billion taken, so the broker proved reachable even as recovery stayed small.

Publishers:cryptoslate.com

Reality

Evidence45
Adoption
Not scored
Hype gap+25
Incentives
Not scored
Confidence40
investOne report1 publisher

Alabama orders a crypto-scam courier to repay $211,000 of an elderly victim's $270,000 loss

Alabama sentenced crypto-scam courier Kuan Tsou to serve one year and repay $211,000 taken from an elderly Montgomery resident. Because the resident kept paying other strangers after his arrest, the order covers about 78% of the roughly $270,000 investigators say was lost.

Publishers:news.bitcoin.com

Reality

Evidence55
Adoption
Not scored
Hype gap0
Incentives
Not scored
Confidence55
investConfirmed8 publishers

ZachXBT staked $349.7K of his own money to pose as a client of North Korea's launderers

ZachXBT says he fronted $349.7K in USDC to pose as a client of the Chinese syndicate laundering North Korea's Bybit haul. The only recovery on record, a 442K USDT freeze by Tether, covers at most 3.7% of the $12M+ cluster he says the sting exposed.

Perspective Coverage

8 publishers
Builder
Builder 15%
Operator
Operator 54%
Investor
Investor 31%

Reality

Evidence50
Adoption
Not scored
Hype gap+35
Incentives40
Confidence55
investOne report1 publisher

Ethereum Foundation's answer to Bybit-style theft waits until 2027 at the earliest

Ethereum Foundation says EIP-7906, a check that could have reverted the $1.5 billion Bybit theft, will not ship before 2027. Its own post concedes the check cannot stop the stolen-key and social-engineering attacks behind most of 2026's losses.

Reality

Evidence45
Adoption2
Hype gap+10
Incentives55
Confidence50
investConfirmed5 publishers

Drift's capped pledges would lift its DFX recovery rate to about 50 cents at most

Drift's DFX recovery token opened at about 0.0104 USDT per dollar lost in the $295.4 million April exploit, roughly one cent on the dollar. Paying every capped pledge in full would lift that to about 50 cents, and the other half depends on Velocity's revenue and on funds recovered from the attacker.

Perspective Coverage

5 publishers
Builder
Builder 19%
Operator
Operator 42%
Investor
Investor 39%

Reality

Evidence70
Adoption8
Hype gap+25
Incentives55
Confidence65
investConfirmed4 publishers

NEAR Intents turned away about $50 million of Bitget loot that the hackers routed elsewhere

NEAR Intents' SHIELD layer refused all but $166,000 of a $50 million-plus attempt by Bitget's hackers. That makes screening policy the clearest difference between NEAR and THORChain. Each protocol carries a different exposure because of it.

Perspective Coverage

4 publishers
Builder
Builder 36%
Operator
Operator 35%
Investor
Investor 29%

Reality

Evidence58
Adoption35
Hype gap+25
Incentives66
Confidence58
investConfirmed3 publishers

Bitget's CEO doubts the $387.5 million lost through a vendor-linked backend will come back

Bitget CEO Gracy Chen doubts much of the $387.5 million stolen via a backend tied to a third-party security vendor will come back. So far about 0.2% of the loss has been frozen, so the exchange itself is paying for an outsourced security flaw.

Perspective Coverage

4 publishers
Builder
Builder 25%
Operator
Operator 41%
Investor
Investor 34%

Reality

Evidence68
Adoption
Not scored
Hype gap+5
Incentives55
Confidence70

Earlier coverage

  1. Bitget customers withdrew $463 million in 24 hours, more than the $388 million hack took

    Invest · September 29, 2026 · Confirmed2 publishers

  2. Suspected North Korean attackers used Bitget's own signing process to move $351.6M

    Security · September 25, 2026 · Confirmed9 publishers

  3. Bitget presses THORChain to cut off the wallets holding its stolen $387.5 million

    Invest · September 26, 2026 · Confirmed3 publishers

  4. Most of Bitget's $387.5 million hack loss sits untouched in attacker wallets

    Invest · September 27, 2026 · Confirmed15 publishers

  5. Bitget's own approval process moved out $388 million on spoofed transaction data

    Product · September 25, 2026 · Confirmed3 publishers

  6. Robinhood matched BNB Chain's 500,000 tokenized-stock holders in about six weeks

    Invest · August 16, 2026 · Confirmed2 publishers

  7. JSCeal drives the victim's own browser to take over their Google account

    Security · September 8, 2026 · Confirmed2 publishers

  8. Cursor launched Jade Sleet's macOS backdoors seconds after a DevOps engineer opened a workspace

    Security · September 20, 2026 · Confirmed2 publishers

  9. Iran-linked malware takes its orders from a Bitcoin address once tied to Satoshi

    Invest · September 17, 2026 · Confirmed2 publishers

  10. Screening Xinbi's 52 blocked addresses catches about 35% of the $24bn Treasury counted

    Invest · September 11, 2026 · Confirmed2 publishers

  11. Moscow Exchange Puts Perpetuals Inside a Clearing House

    Invest · August 17, 2026 · One report1 publisher