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DefiLlama: Bybit experienced a "bank run" of over $4B after the ~$1.5B hack, leading to a ~$5.5B total outflow; CEO says "about 50%" of funds were withdrawn (Francisco Rodrigues/CoinDesk)

Francisco Rodrigues / CoinDesk : DefiLlama: Bybit experienced a “bank run” of over $4B after the ~$1.5B hack, leading to a ~$5.5B total o...

22 February 2025

Even as Trump embraces crypto, attracting millions of new investors, the Bybit hack and memecoins show how crypto remains the wild West of the financial world (David Yaffe-Bellany/New York Times)

David Yaffe-Bellany / New York Times:
Even as Trump embraces crypto, attracting millions of new investors, the Bybit hack and memecoins show how crypto remains the wild West of the financial world  —  Hours after Coinbase said the S.E.C. was dropping a lawsuit against it, another major cryptocurrency exchange reported a potentially record-setting theft.

Posted from: this blog via Microsoft Power Automate.

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