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Cryptocurrency News Articles
A $1.5 Billion Ethereum Breach Shakes the Market
Mar 05, 2025 at 03:16 am
In what's already being called the largest crypto heist of 2025, hackers linked to North Korea's Lazarus Group successfully drained over $1.5 billion in Ethereum (ETH) from Bybit
In a stunning turn of events that has already been touted as the largest crypto heist of 2025, hackers, allegedly linked to North Korea’s Lazarus Group, have successfully drained over $1.5 billion in Ethereum (ETH) from Bybit, one of the world’s largest exchanges.
The breach, which targeted Ethereum hot wallets used for user deposits, is sure to send shockwaves across the crypto space and spark urgent discussion on the broader theme of Web3 security in an age of decentralized finance (DeFi).
While Ethereum underpins a revolutionary vision for a new internet of value and smart contracts, this incident may ultimately serve to highlight an uncomfortable reality: the bigger the blockchain, the bigger the target.
As hackers grow increasingly sophisticated in their techniques, large, centralized platforms like Bybit, which funnel billions in assets from everyday investors, are becoming more attractive targets, ultimately leaving those investors exposed to risks they have no control over.
This, in turn, is leading to a small but interesting shift in investor behavior, with some now seeking out smaller, community-driven projects where control is decentralized, and risks and rewards are more evenly distributed.
Why Is TeddyPuff Token ($TDP) Heating Up In 2025?
The $1.5 billion Bybit hack isn’t just an isolated event. It’s part of a broader pattern where large centralized exchanges and protocols are the biggest attack vectors in the crypto industry.
But as these breaches become more common, and large institutions like Block and Bitstamp join the lawsuit against Chainalysis over allegedly faulty sanctions screening tools, a new generation of investors is diversifying into smaller, more agile projects. These projects, which are usually built on a foundation of transparency and community governance, are becoming the focus of attention.
Enter TeddyPuff Token ($TDP). Launched in late February 2025, TeddyPuff isn’t just another meme coin. It’s a deflationary, community-first token designed to thrive in the new era of decentralized investing.
What Makes TeddyPuff ($TDP) Different — And Safer?
Community Ownership: Unlike centralized platforms like Bybit, where a single entity manages billions in assets, TeddyPuff is a fully community-driven project. Its ownership is decentralized across the thousands of participants who joined its presale, drastically reducing the risk of any single point of failure.
No Central Treasury = No Massive Honey Pot: Hackers target exchanges like Bybit because they hold billions in user funds in centralized treasuries—the perfect ‘honey pot’ for large-scale breaches. But TeddyPuff doesn’t store investor funds in any centralized treasury or wallet. This eliminates a major avenue of risk that, as the Bybit incident shows, is becoming increasingly critical in 2025.
Multi-Chain Rollout Expands Investor Base: TeddyPuff’s team isn’t just focused on Ethereum. They’re launching the token on both Ethereum and Binance Smart Chain (BSC), offering investors more flexibility and expanding its potential footprint. This strategy has two main benefits: It allows TeddyPuff to tap into two distinct investor bases, expanding its reach and appeal.
This approach also makes TeddyPuff Token more resilient if any single blockchain experiences technical or security issues.
Deflationary Model Adds Long-Term Value Protection: TeddyPuff stands out with its deflationary tokenomics—a rare feature among meme coins. A small percentage of $TDP tokens are burned with every transaction, slowly shrinking the total token supply over the long term. This built-in scarcity mechanic is designed to reward long-term holders, as fewer tokens in circulation could, in theory, lead to a higher price for each remaining token if demand remains the same or increases.
Compare that to Ethereum’s cycle of upgrades or Shiba Inu’s (SHIB) massive circulating supply, and you’ll see how TeddyPuff’s model creates a healthier long-term price dynamic.
$69K Raised In Presale Shows Early TrustIn the space of less than a week, TeddyPuff has already raised over $69,000 in presale contributions. This is a huge vote of confidence from the meme coin and Web3 community, especially for a token launched so recently in 2025. That level of early momentum matters. It showcases the community traction that can propel smaller projects toward success.
The Final Stage Of The PresaleIs Now LiveOn Monday, March 2, 2025, the price of Ethereum (ETH) rose by 4.75% to $2,260. But while the broader crypto market is recovering, certain sectors are outperforming others. For instance, Pepe (PEPE) and WIF (dogwifhat) both saw price gains of 8.5% and 15.92% respectively, according to data from CoinGecko.
This performance differential is putting a spotlight
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- Dozens of Bitcoin and Monero addresses have been added to the U.S. government's list of sanctioned entities
- Mar 05, 2025 at 10:45 am
- On Tuesday, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) identified 49 virtual currency addresses used by Iranian national Behrouz Parsarad
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- Dogecoin Price Struggles To Maintain Momentum as WallitIQ (WLTQ) Captures Investor Interest
- Mar 05, 2025 at 10:45 am
- The crypto market is always evolving, but not all tokens hold the same potential for massive returns. The Dogecoin price recently saw a brief jump, but analysts remain unconvinced about its long-term growth.
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- Fly Wing Technologies Pte Ltd Obtains a Major Payment Institution License from the Monetary Authority of Singapore
- Mar 05, 2025 at 10:45 am
- SINGAPORE, March 04, 2025 (GLOBE NEWSWIRE) -- Fly Wing Technologies Pte Ltd ("Fly Wing"), a wholly owned subsidiary of Matrixport, the world's leading and largest one-stop crypto financial services platform in Asia