Safe posted on social media that the attack on Bybit was carried out by invading the machine of Safe{Wallet} developers, resulting in malicious transactions disguised as legitimate trades being submitted. External security researchers did not find any vulnerabilities in Safe smart contracts or in the front-end and service source code.

Bybit co-founder and CEO Ben Zhou released a hacker forensics report on X platform provided by Sygnia and Verichains, revealing that malicious code was deployed on February 19th at 15:29:25 UTC, specifically targeting Bybit's Ethereum multi-signature cold wallet.

SlowMist stated on X platform that the device of Safe developers was compromised, leading to malicious code being injected into the front end, intercepting and modifying transaction parameters. After a quick verification, it was found that there was indeed malicious code behind the js file of Safe front end, and the related address (0xbdd077f651ebe7f7b3ce16fe5f2b025be2969516) involved malicious execution contracts that took away 1.5 billion assets from ByBit.

the Dow rose 0.4% at the opening, the S&P 500 fell 0.02%, and the Nasdaq fell 0.3%. Cryptocurrency concept stocks fell, with Ganan Technology down 8.4%, MicroStrategy down 5.0%, and IREN down 4.8%.

according to Arkham monitoring data, about 8 minutes ago, Grayscale transferred a total of 7637 ETH to the Coinbase Prime address, worth $18.46 million, of which Grayscale Ethereum Mini Trust transferred 1790 ETH.

Vitalik Buterin wrote on the X platform that Aya Miyaguchi proposed a year ago to transition from executive director to chairman of the Ethereum Foundation. During her seven years as executive director of the Ethereum Foundation, she achieved many accomplishments and will continue to support the Ethereum Foundation in many similar ways in her new position.

the US Bitcoin ATM operator and financial technology company Bitcoin Depot (NASDAQ: BTM) announced the purchase of 11.1 bitcoins as part of its reserves. This acquisition follows the company's purchase of 51 bitcoins earlier this month, bringing its total reserves to 82.6 BTC. This purchase is in line with Bitcoin Depot's reserve strategy announced in June 2024.

On February 25th, Infini released the latest news on funding and operations on the X platform, revealing that Infini's funds are currently stored in the Cobo Custodian Wallet. All functions of the Infini Card (transfer, deposit, withdrawal, and payment) can be fully operational. The team is working hard to ensure the highest security of the Infini Earn function, a process that is expected to take 3-4 weeks. During this period, profit distribution will be paused, and information will be updated as soon as Infini's earnings resume.

House Republicans are preparing to vote on a spending blueprint that could kickstart President Donald Trump's policy agenda, but concerns about potential Medicaid cuts nearing $1 trillion have caused unease among some Republicans, jeopardizing the plan's approval. The proposed spending plan for fiscal year 2025 includes approximately $800 billion in Medicaid cuts over the next ten years, as part of a larger $2 trillion in overall spending reductions to offset $4.5 trillion in tax cuts and increased defense and border spending. While the resolution does not explicitly state Medicaid cuts, lawmakers are doubtful that the required $880 billion in cuts can be achieved without reducing Medicaid spending. Moderate Republicans in vulnerable districts and those with high Medicaid populations have voiced opposition to any cuts in Medicaid spending.

Bybit CEO Ben Zhou posted on social media, saying, "The Lazarus hacker group's bounty website has been launched to display transparent data on Lazarus money laundering activities."

Upbit clarified some information about being regulated, stating that the claim of 30,000 fake identity documents (including hand-drawn IDs) passing the "Know Your Customer" (KYC) system is not true. Upbit conducts KYC through several additional procedures, including identity verification. If a member's ID documents are insufficient, they will be asked to resubmit.

Bybit co-founder and CEO Ben Zhou posted on X platform "calling out" eXch executive Sarah Nugent, stating: "By freezing Lazarus' funds, you can earn a 5% commission... this is much more than what you earn by helping with money laundering... stand on the side of the good guys."

CZ confirmed on social media that he will participate in the community AMA event at 8 pm tomorrow hosted by Vana.

wallet service Safe{Wallet} has released a service update, announcing that its team has started to gradually restore wallet services on the Ethereum mainnet, and is expected to support more networks tomorrow. It is reported that Safe has stopped multi-signature services for several days. Since most project teams do not have their own independent multi-signature services, if there is a strategy that relies on multi-signature, it is estimated that it will not be able to replenish or adjust positions in the current market.

IntoTheBlock on platform X stated that with Bitcoin briefly falling below $90,000, approximately 12% of Bitcoin addresses are in a loss state. This is the highest unrealized loss percentage since October 2024.

On February 25th, according to Infini founder Christian's post on platform X in response to the community's concern about how to solve the "50 million US dollars stolen fund gap", he said: "Currently, we are conducting a compliant USD OTC of 20 million US dollars, which should be credited by the weekend, plus the existing 5 million US dollars in the custody wallet, which is enough to meet all withdrawal demands and more. The remaining approximately 20 million US dollars of funds are from family, elders, and friends who have already communicated and will be resolved directly through the chain."

according to Ember monitoring, 20 minutes ago, Bybit returned 47,800 ETH supported by {institutions/whales} withdrawn from Binance.

On February 25th, Bitget CEO Gracy Chen announced that Bitget has lent 40,000 ETH to Bybit, with no interest and no collateral assets. This is just to support peers in need. We are happy to see Bybit fully recovered, and we have never worried about not being able to recover this loan.