Bybit's $1.5 billion hack is making waves, with the notorious Lazarus Group—led by FBI-wanted Park Jin Hyok—pulling off the largest crypto heist in history.
A recent Bybit hack has created havoc in the world of crypto. The FBI has accused North Korean-backed hackers of committing this hacking heist. This theft has led to the seizing of approximately $1.5 billion worth of Ethereum from a Dubai-based firm.
This hacking event is followed by Vitalik Buterin, highlighting massive cryptocurrency losses stemming from more than just theft, pointing to factors such as smart contract bugs, lost private keys, and mismanagement.
Meanwhile, U.S. lawmakers are moving to ban political meme coins like TRUMP and MELANIA tokens. California Representative Sam Liccardo is proposing the MEME Act, which would prohibit politicians from issuing or endorsing digital assets.
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