LockBit Ransomware Group’s Security Breach Exposes 60,000 Bitcoin Addresses

In a significant cybersecurity incident, the LockBit ransomware group suffered a major breach, leading to the exposure of approximately 60,000 Bitcoin addresses. Blockchain security firm SlowMist disclosed on May 8, 2025, that hackers exploited a PHP vulnerability to infiltrate LockBit’s backend systems. The breach compromised sensitive data, including private keys and internal communications, marking a critical blow to the notorious Ransomware-as-a-Service (RaaS) operation. The attackers left a taunting message, underscoring the severity of the breach. This event highlights ongoing vulnerabilities in cybercriminal ecosystems and raises concerns about the potential misuse of exposed Bitcoin addresses. The crypto community is advised to monitor these addresses for suspicious activity, as the fallout from this breach could have far-reaching implications for blockchain security and ransomware mitigation efforts.

LockBit Ransomware Group Suffers Major Breach Exposing 60,000 Bitcoin Addresses

LockBit, a prominent Ransomware-as-a-Service (RaaS) operation, faced a significant security breach resulting in the exposure of approximately 60,000 bitcoin addresses. Blockchain security firm SlowMist revealed on May 8 that hackers exploited a PHP vulnerability to infiltrate LockBit’s backend systems, compromising sensitive data including private keys and internal communications.

The attackers left a taunting message on LockBit’s platform: "Don’t do crime CRIME IS BAD crime is bad xoxo from Prague." The group claims only wallet addresses and chat logs were leaked, but the incident underscores the vulnerabilities even criminal enterprises face in the digital asset space.

Bitcoin Nears $100,000 as Bullish Momentum Builds

Bitcoin’s price teeters just below the $100,000 threshold, trading at $99,836 amid a 3.03% daily gain. Trading volume surged 60.84% to $54.04 billion, signaling robust market participation. Realized Capitalization has hit a third consecutive weekly all-time high, reflecting renewed investor conviction.

Veteran broadcaster Max Keiser projects a potential 410% rally to $500,000 if current momentum holds. Despite the U.S. Federal Reserve maintaining rates at 4.25%-4.50% on May 7, 2025, Bitcoin demonstrated resilience with only a brief dip to $96,000 before rebounding.

Markets Rally on U.S.-UK Trade Deal; Bitcoin Breaks $99k

Stocks surged globally as investor sentiment strengthened following the announcement of a major U.S.-UK trade deal. The Dow Jones Industrial Average climbed over 200 points, while the S&P 500 and Nasdaq Composite rose 0.6% and 0.8% respectively. Risk assets across the board saw gains, with Bitcoin leading the cryptocurrency market past the $99,000 threshold.

The rally extended Wednesday’s upward momentum after President TRUMP telegraphed the impending agreement on social media. Market participants interpreted the trade breakthrough as a sign of stabilizing economic relations between major Western economies. Cryptocurrencies mirrored traditional markets’ optimism, with Bitcoin’s breakout suggesting renewed institutional interest in digital assets as a hedge against fiat currency volatility.

Bitcoin Unrealized Losses Hit Three-Month Low as Price Nears $100,000

Bitcoin’s net unrealized loss (NUL) dropped to 0.0034 on May 7, marking its lowest level since February 20. The decline coincides with BTC’s intraday high of $97,731, signaling that nearly all Bitcoin holdings are now in profit or at breakeven.

Only a marginal fraction of the supply remains underwater. The metric has spent 102 of 127 days in 2025 above the current level, indicating prolonged periods of deeper paper losses earlier this year.

Bitcoin’s gradual price recovery from $94,360 in January to a year-to-date peak of $106,160 has compressed unrealized losses across the network. Market participants now watch for a potential breakout above the psychological $100,000 threshold.

Coinbase Acquires Deribit in $3 Billion Landmark Deal to Expand Crypto Derivatives Footprint

Coinbase has struck a definitive agreement to acquire Deribit, the world’s largest Bitcoin options trading platform, in a deal valued at approximately $2.9 billion. The acquisition, comprising $700 million in cash and 11 million shares of Coinbase stock, marks a strategic push into the lucrative derivatives market.

The transaction positions Coinbase to challenge Binance and Bybit’s dominance in crypto derivatives trading. Deribit’s market-leading options platform processed over $1.5 billion in daily volume during Q1 2024, complementing Coinbase’s established spot trading business.

Market analysts note the deal’s timing coincides with growing institutional demand for Bitcoin and ethereum derivatives products. "This isn’t just an exchange buying another exchange—it’s the maturation of crypto’s financial infrastructure," said one Wall Street trader familiar with the negotiations.