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Bybit News: Crypto Scams, DPRK Hacker Attacks, and DEX Liquidation Issues Highlight Recent Cryptocurrency Developments
Bybit News: Crypto Scams, DPRK Hacker Attacks, and DEX Liquidation Issues Highlight Recent Cryptocurrency Developments
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Uniswap Founder Views Crypto Scams in Perspective
Hayden Adams, the founder of Uniswap, acknowledges the prevalence of crypto scams but argues that scams are also widespread outside the crypto space. A Chainalysis report reveals that DPRK-linked hackers stole $1.34 billion worth of crypto in 2024, including a notable $1.5 billion Ether theft from Bybit by the Lazarus Group.
Hyperliquid’s Liquidation Chaos: Bybit CEO Warns DEXes
A whale manipulated Hyperliquid’s liquidation engine, securing a $1.8M profit while the DEX faced a $4M loss. Bybit CEO Ben Zhou says high leverage poses risks for both DEXs and CEXs, requiring stronger risk management. Zhou suggests DEXs adopt CEX-style risk tools like market surveillance and dynamic risk limits to mitigate losses.
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Bybit News: CEO Ben Zhou Raises Concerns Over DEX Risk Controls Following Major ETH Liquidation
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