Ethereum News: Bybit Strengthens Security Post-Hack with Zodia Custody Partnership

In a major move to bolster its security infrastructure, Bybit Fintech Limited has announced a strategic partnership with Zodia Custody following a significant hack earlier this year. This collaboration aims to provide clients with a more secure digital asset storage solution, addressing concerns raised by the February attack.

Bybit Boosts Security with Zodia Custody Partnership Post-Hack

Bybit Fintech Limited has disclosed enhanced security measures after suffering a $1.45 billion hack in February 2025. The leading cryptocurrency exchange has partnered with Zodia Custody, backed by major financial institutions, to provide clients with a safer digital asset storage solution. The February hack, one of the largest in crypto history, saw nearly $1.5 billion worth of Ethereum stolen by the North Korean Lazarus Group, exposing significant security weaknesses.

Ethereum Price: Real Reason for ETH’s Decline

The price of Ethereum (ETH), the world’s largest altcoin, is struggling despite a recent broader market recovery. On-chain data shows ETH is experiencing weak network activity, a drop in transaction fees, and inflationary pressure from the Dencun upgrade. Analysts warn that these factors put downward pressure on Ethereum, hindering its anticipated recovery.

Ethereum’s Pectra Upgrade Set for May Following Technical Hurdles

Pectra, one of Ethereum’s largest upgrades since transitioning to a proof-of-stake consensus mechanism in 2022, is now set to hit the Ethereum mainnet on May 7. Originally scheduled for a March 2025 release, Pectra was delayed due to finality issues on the Holesky testnet, but has been running without major incident on the Hoodi testnet that was spun up in response to the testnet issues. The upgrade also experienced a minor issue on the Sepolia testnet in early March, but it was later identified and fixed. Ethereum developers utilize testnets to trial upgrades before implementing them on the mainnet. Despite initial issues, Ethereum’s Holesky testnet did eventually reach finality on March 10.

Alleged Tech Spy Paid in Ethereum for Corporate Espionage

An Irish man has admitted to accepting $5000 per month in Ethereum to spy on payroll management company Rippling on behalf of its competitor, Deel. In an affidavit filed in Dublin court, Keith O’Brien alleged he became a corporate spy for Deel last September, while still an employee of Rippling. Between September 2024 and March 2025, O’Brien used Telegram to feed Deel CEO Alex Bouaziz information about his employer’s corporate strategy and customer insights multiple times a day every workday and sometimes on the weekends.