News linked to both this project and an event.
Odaily News: On-chain detective ZachXBT posted on X that he once posed as a client to infiltrate a criminal group suspected of laundering money for the North Korea-backed hacker organization Lazarus Group, and assisted in freezing funds related to the 2025 Bybit attack.ZachXBT stated that after Bybit suffered a $1.5 billion attack in February 2025, he discovered that more than 15 accounts in public Telegram and Discord groups were seeking help processing transactions related to the stolen funds. He subsequently contacted one of the Telegram users using the alias "Jimmy Green" and built trust through multiple transactions. According to his disclosure, on March 6, 2025, he transferred $3.497 million in USDC to an Ethereum address for a USDC-to-TRON-chain USDT exchange transaction with the counterparty. The source of gas funds for that address can be traced back to the Bybit attack funds and was publicly flagged as a Bybit attack blacklisted address.ZachXBT said that in subsequent communications, the counterparty revealed that their team had been involved in processing the stolen Bybit funds and disclosed in advance that the funds would be moved across chains including Solana. By matching transaction timing, amounts, and on-chain data, he identified a wallet cluster involving more than $12 million in Bybit attack funds, with fund paths spanning multiple networks including BTC→ETH→SOL→TRON. Approximately 442,000 USDT was frozen by Tether, and the group also attempted to launder money through Uniswap liquidity pools and low-liquidity tokens. Additionally, the counterparty disclosed having helped other clients process approximately $3 million in fraudulent proceeds, and ZachXBT traced the related funds to wallets associated with the sanctioned Huione Guarantee.ZachXBT revealed that in this investigation, he initially invested $3.497 million and bore a loss risk of approximately 5% per transaction. The intelligence ultimately obtained was provided to relevant investigative agencies and law enforcement authorities at the earliest opportunity. Since 2022, he has assisted in freezing over $75 million in funds related to North Korea-linked incidents.
Odaily reports: Crypto analyst Darkfost stated on X that Bitcoin spot trading volume has seen a moderate rebound since hitting a low in July, but the overall recovery remains limited. Among major exchanges, Binance's spot trading volume rose to over $50 billion in September, up from $42 billion in July; Bybit's spot trading volume increased from $14 billion in July to $19 billion; Kraken rose from $4 billion to $8 billion.Darkfost noted that when Bitcoin hit its phase low in July, spot trading volume also fell to its lowest level since the last bear market, reflecting the weakest market interest in BTC in nearly 3 years. Since then, spot trading volume has picked up somewhat, but no significant recovery has yet emerged. Typically, moderate growth in spot trading volume accompanies a new round of upward momentum for Bitcoin, but if BTC wants to challenge new highs, the market still needs further increases in spot trading volume, especially new demand.
Odaily News: A wallet suspected to be associated with the Ethena team has withdrawn a cumulative $68.26 million worth of ENA from centralized exchanges. Approximately 2 hours ago, it withdrew $13.1 million worth of ENA from Bybit and $55.16 million worth of ENA from Coinbase. The Ethena project team posted a series of transaction hashes on X 8 hours ago, though the specific details have not yet been disclosed.
Odaily reports: According to Arkham monitoring, a whale address transferred 70 million H tokens worth $4.91 million to cryptocurrency exchange Bybit over the past 24 hours. This wallet had previously sent over $5.35 million worth of H tokens to Sablier.Monitoring suggests the address is likely linked to the Humanity team. It received 2.77 billion H tokens from the project team 109 days ago and still holds over 2.6 billion H. This deposit to a centralized exchange marks the wallet's first such operation. Since H tokens have been trading largely flat over the past week, this large transfer could increase the risk of price volatility going forward.
Odaily News — According to monitoring by the Drift Foundation, the Drift Foundation has released an update on fund recovery progress related to the April 1 security incident: approximately $295 million in user assets were stolen. The foundation has engaged Mandiant, zeroShadow, and SEAL 911 to conduct the investigation and trace the funds, with Mandiant identifying the attacker as the North Korean threat group UNC6862.The stolen funds were subsequently bridged to Ethereum, with approximately 130,300 ETH distributed across 4 wallets. Three of these wallets have seen no transfers to date, collectively holding 107,200 ETH; the other wallet transferred approximately 23,100 ETH to Tornado Cash on July 23.Currently, approximately $9.2 million in stolen funds has been frozen. The relevant funds had previously been transferred through Tornado Cash in August, and unfreezing and return still require cooperation with legal procedures. The Drift Foundation will transfer all assets recovered through freezing, bounties, or law enforcement channels into the DFX recovery pool, and is evaluating the subsequent path of the DRIFT token within the broader ecosystem. In addition, the foundation has partnered with Bybit to launch a public bounty program, offering a 10% bounty on successfully recovered funds.
Odaily News — Gracy Chen, CEO of cryptocurrency exchange Bitget, said the company is not optimistic about recovering the $388 million in crypto assets lost in last week's security incident. Citing the Bybit hack in 2025 as a reference, she noted that approximately one year after that incident, only about 3.5% of the stolen funds had been frozen, and that this does not equate to a completed recovery.Bitget has set up a bounty program offering 5% rewards for frozen funds and recovered funds respectively. The NEAR Intents team said it has intercepted over $50 million in assets related to the attack and frozen approximately $500,000. Tether and Circle have blacklisted the relevant wallets, freezing $318,000 worth of USDT and USDC.Gracy Chen stated that preliminary investigations indicate the attack may match VPN addresses used by North Korea-linked groups, but Bitget has not yet fully ruled out the possibility of an insider job. Bitget has resumed withdrawals in phases, starting with Bitcoin transactions on Monday and continuing with ETH transactions on Tuesday. (Cointelegraph)
Odaily News: Franklin Templeton has expanded its off-exchange collateral program to Bybit, allowing users to use their tokenized money market fund shares as collateral for crypto trading. These shares represent approximately $686 million in net assets and can be used to borrow USDT or USDC, while the underlying assets continue to generate yield.Users do not need to transfer the underlying assets to Bybit. The regulated custody platform ByCustody will hold the relevant assets off-exchange, with their value mirrored within Bybit's trading environment. Franklin Templeton has previously offered similar services to Binance and OKX users.
According to on-chain analyst Aunt Ai, casualpig.eth (0x651...f0314) withdrew 1,754 ETH from Bybit 3 hours ago, worth $4.65 million. This address has opened a new ETH position after a one-year gap; its previous ETH swing trade occurred between August and October 2025, when it withdrew at an ETH price of $4,751.74 and deposited back when the price dropped to $4,433.10, with an estimated loss of $449,000.
Odaily News: According to Onchain Lens monitoring, one hour ago, a whale deposited 177,520 HYPE, worth $16.08 million, into OKX and Bybit; two days ago, the same whale also deposited 89,050 HYPE, worth $8.21 million, into Binance, Kraken, OKX, and Gate. The cumulative deposit totaled 266,570 HYPE, worth $24.29 million.
Odaily News: According to on-chain analyst Yu Jin, over 90% of the funds swapped cross-chain through THORChain are illicit or grey-market funds. Yu Jin stated that most of the funds stolen from Bybit last year were transferred through THORChain, which collected nearly $10 million in fees within 10 days. Recently, some of the funds stolen from Bitget have also been transferred through THORChain, generating $1 million in fee revenue.
Odaily News: According to Lookonchain monitoring, whale address 0xd0A4 withdrew a total of 18.34 million ENA from Gate, Bybit, OKX, and Binance today, worth approximately $5.13 million.
Odaily reports: Xie Jiaxin posted on X stating that this Bitget security incident involved multiple non-EVM chains and 10 tokens, and due to the different method of asset theft, different approaches to handling and restoring withdrawals were taken compared to last year's Bybit security incident in order to thoroughly eliminate potential risks.Additionally, Xie Jiaxin stated that he and Bitget CEO Gracy Chen will host a community livestream 30 minutes before withdrawals resume on Monday to discuss this security incident and answer community questions.Bitget announced on X that it will restore withdrawals in phases: Bitcoin network withdrawals will resume on September 28 at 8:00 (UTC); ETH withdrawals on Ethereum, BSC, Arbitrum, Base, and Optimism networks will resume on September 29 at 8:00 (UTC); USDT withdrawals on Ethereum, BSC, Solana, and Tron networks will resume on September 30 at 8:00 (UTC); other tokens, fiat, and P2P withdrawals will resume on October 2 at 8:00 (UTC). Trading and deposit services continue to operate normally, and users do not need to take any action in advance.
Bitget CEO Gray Chen posted on X platform that following the security incident, on-chain tracking confirmed the attacker's address received a total of $387.5 million in assets, revised upward from the previously disclosed $351.6 million.Gray Chen stated that the revised amount incorporates Zcash and TRON assets that were not fully accounted for previously, and does not represent newly stolen funds. No unauthorized transfers have occurred since the incident, and the situation remains under control. Bitget has launched a Recovery Bounty Program, offering a 5% bounty to each party that voluntarily assists in freezing the attacker's funds or recovering the funds. The exchange has also launched a real-time tracking dashboard, an information submission portal, and an attacker address API, while supporting reports submitted through Bybit's Lazarus Bounty platform. Bitget is currently making full preparations to resume withdrawals, with a specific withdrawal plan to be announced before 4:00 AM (UTC) on September 26.
According to Lookonchain monitoring, one hour ago, a whale deposited 6,000 ETH worth $16.1 million to OKX, Kraken, Gate, Bybit, and Binance, planning to sell.
Reports indicate that Bybit’s copy trading now supports TradFi perpetual contract trading, enabling experienced traders to open positions in TradFi perpetual contracts for stocks such as Tesla, Apple, and Nvidia.
According to an official announcement, Bybit has listed Pons (PONS) for spot trading.
As announced, Bybit has listed USDC deposits and withdrawals on the Arc chain, enabling seamless cross-chain interactions. To celebrate this integration, Bybit is rolling out three limited-time campaigns: - Zero-Fee Withdrawal Plan: Temporarily waives network and transaction fees for Arc chain USDC transfers. - Lucky Deposit Draw: During the promotion, users depositing via the Arc chain will receive entries to win a share of a 110,000 USDC prize pool. - High-Yield Staking: Deposit via the Arc chain and meet eligibility criteria to earn exclusive staking rewards with an annual percentage rate (APR) of up to 200%. The campaigns will launch successively starting September 17, 2026.
Odaily News: According to on-chain analyst Aunt Ai's monitoring, a smart money address (0xa23...CF98) accumulated 475,000 LIT at a cost of $1.56 three months ago, and withdrew tokens worth $2.257 million from Bybit in June 2026. The address deposited all its LIT to Lighter at a price of $4.75 five hours ago, achieving a 204% return over 3 months of holding; if sold, it is expected to profit $1.512 million.
CryptoQuant analyst Darkfost pointed out that market attention has significantly intensified this week, primarily driven by the upcoming procedural vote on the CLARITY Act in the U.S. Senate and the Federal Reserve's imminent interest rate decision. Data shows a notable increase in altcoin inflow transactions on Binance, with the 7-day average inflow rising from 8,300 in July to 31,800 currently, up nearly fourfold. Coinbase’s altcoin inflows also increased from 2,200 to 4,700, while Bybit rose to 2,700.
According to Lookonchain, address 0xEe0A has been consistently selling HYPE for profit over the past two weeks, transferring a total of 232,610 HYPE tokens to Bybit and Gate, worth approximately $19.67 million.