Bybit News: Exchange Delists Seven Token Pairs Due to Low Market Capitalizations

In a recent development, Bybit, a popular cryptocurrency exchange, has announced the delisting of seven token pairs from its platform. Here’s a closer look at the details and implications of this move.

Bybit to Delist Seven Token Pairs

Bybit has announced the delisting of seven token pairs, including EVERY/USDT, GG/USDT, CUSD/USDT, BUBBLE/USDT, TAVA/USDT, PLANET/USDT, and IRL/USDT. The exchange made this decision due to the low market capitalizations of these tokens. Notably, the list also includes a stablecoin, Celo Dollar (CUSD). Starting Friday at 8 AM UTC, Bybit will no longer support these tokens on its spot trading platform and Bybit Convert feature. Following the announcement, the prices of these tokens have experienced a noticeable dip in value.

North Korea’s Lazarus Group Expands Crypto Holdings After Bybit Hack

The Lazarus Group, a North Korea-linked cybercrime organization, has surpassed El Salvador, Bhutan, and Finland in Bitcoin (BTC) holdings after converting stolen assets from the Bybit hack. According to blockchain analytics firm Arkham Intelligence, the group behind the $1.5 billion Bybit hack converted the stolen Ether (ETH) into 13,518 BTC, valued at approximately $1.12 billion. The Lazarus Group also possesses 13,691 ETH, valued at around $26.68 million, and 5,022 Binance Coin (BNB), worth approximately $3.16 million. These assets place North Korea’s holdings above Bhutan’s and El Salvador’s Bitcoin reserves, highlighting the scale of its accumulated cryptocurrency.