According to @ThinkingUSD, the crypto industry unites against external threats like North Korea's hack on Bybit, but shows divisiveness when internal exchange manipulations are addressed, such as Jeff's alleged closure of malicious trading via ADL.

According to @paoloardoino and Tether, T3 FCU has frozen nearly $9 million associated with the Bybit hack, contributing to the crime unit's total recovery of over $150 million. This development is crucial for traders as it highlights ongoing efforts to mitigate risks associated with cryptocurrency hacks and reinforces the importance of security measures in exchanges.

According to @zachxbt, Asgardex contributors have refused to return approximately $900K in fees profited from the Bybit hack attributed to DPRK. This decision contrasts with other teams that chose to return the fees. The refusal underscores a commitment to maintaining Thorchain's decentralized nature without censoring activities.

According to @EmberCN, hackers have laundered 62,200 ETH ($138 million) since resuming their laundering activities yesterday at 3 PM. Out of the 499,000 ETH initially stolen from Bybit, only 156,000 ETH ($346 million) remain. It is anticipated that the remaining funds will be fully laundered in approximately three days.

According to IntoTheBlock, Ethena's $USDe stablecoin successfully maintained its peg and processed large redemptions quickly following the Bybit hack. The stablecoin's recovery from a brief discount has reinforced market confidence, indicating its robustness in crisis scenarios.

According to IntoTheBlock, the recent Bybit hack resulted in a loss of approximately $5 million, impacting trading volumes as traders reassess security measures on the platform. Additionally, Ethena's USDe stablecoin has maintained its peg, with trading volumes showing resilience despite market volatility, as reported by IntoTheBlock.

According to ZachXBT, wallet address 0xda2e now holds 338K USDC after receiving an additional 222.9K USDC. This transfer is potentially linked to the Bybit hack, with the tracing indicating that 0xda12 received 204.91 ETH from 0xe41B, suggesting illicit fund movements. This information is critical for traders monitoring security breaches and potential impacts on cryptocurrency valuations.

According to @zachxbt, Circle is criticized for not freezing 115K USDC linked to the Bybit hack by DPRK, despite Tether already freezing 106K USDT hours earlier.

According to @EmberCN, the Bybit hack resulted in a $2.91 billion trading volume and $3 million in fee revenue for THORChain as hackers laundered funds by converting ETH to BTC. This significant activity also led to a surge in the value of THORChain's token, $RUNE.

According to Crypto Rover, the FBI has confirmed that North Korea is responsible for the $1.5 billion Bybit hack, resulting in the country acquiring a significant Ethereum ($ETH) reserve. This development could impact Ethereum's market dynamics as it introduces a new strategic player with substantial holdings. Traders should monitor potential market volatility and regulatory responses as the situation evolves.

According to @glassnode, Bybit's historic $1.48 billion hack has resulted in significant panic withdrawals and a market-wide sell-off, leading to a Bitcoin price drop of 20% below its all-time high. This has caused Bitcoin to trade 5% below the cost basis of short-term holders, indicating severe financial strain for new investors. The information is detailed in their latest Week On-Chain report.

According to Crypto Rover, CZ has raised concerns regarding the recent Bybit hack, criticizing Safe for providing vague explanations and leaving unanswered questions. Additionally, CZ clarified that Binance does not use Safe, which might impact perceptions of security measures in crypto trading platforms.

According to Ki Young Ju, Ethereum demonstrates resilience with no significant sell pressure following the Bybit hack. On-chain and market data remain neutral, indicating that exchange selling processes are gradual, while OTC offloads have minimal price impact. Furthermore, Ethereum's dominance is highlighted by holding 56% of the stablecoin market cap.

According to The Kobeissi Letter, the Bybit hack on February 21st has significantly affected market sentiment. Arkham Intelligence declared this incident as the 'largest financial heist in history,' surpassing the $1 billion theft from the Central Bank of Iraq in 2003.

According to The Kobeissi Letter, the recent Bybit hack more than doubled the second-largest hack in crypto history, surpassing PolyNetwork's $611M hack in August 2021. This event, along with observed weaknesses in Ethereum, has exerted additional pressure on broader cryptocurrency markets. Hacks like these are known to deteriorate confidence in the market, influencing trading decisions.

According to IntoTheBlock (@intotheblock), USDe, a stablecoin by @ethena_labs, demonstrated significant resilience during the Bybit hack incident by maintaining its peg throughout the market volatility. The stability was attributed to the team's transparency, precise execution, and successful arbitrage activities.

According to Miles Deutscher, the recent Bybit hack, involving $1.4 billion worth of Ethereum (ETH), is the largest exploit in the history of cryptocurrency markets. This incident surpasses previous notable hacks such as the Ronin bridge at $625 million, Poly Network at $611 million, and Binance token hub at $570 million. The magnitude of this hack highlights significant security vulnerabilities, which could lead to increased volatility and caution in trading activities within the crypto space.

According to Miles Deutscher, since the ByBit hack, there has been an 11% reduction in market open interest, decreasing from $65.8 billion to $58.9 billion, highlighting a significant contraction in the market. Additionally, ByBit has made a strategic purchase of 34,743 ETH, indicating a possible move to strengthen its position in Ethereum despite the recent hack (source: Miles Deutscher's Twitter, February 24, 2025).

According to @ThinkingUSD, a Sunday spaces discussion with @SoskaKyle will cover the recent Bybit hack, potential forced bids in Ethereum markets, and the impact of Solana's recent issues on the memecoin ecosystem. These topics are crucial for traders focusing on market stability and volatility caused by security breaches and network disruptions.

According to Crypto Rover (@rovercrc), the Lazarus Group, known for previous cyber attacks, has allegedly hacked Bybit and is now involved in a memecoin rug pull operation. This poses significant risks to traders on the Bybit platform as well as those investing in the memecoin market. Traders should exercise heightened caution and consider security measures to protect their assets. Source: Crypto Rover (@rovercrc).