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- 🌙 Bybit Hackers Launder Funds Through Thorchain
🌙 Bybit Hackers Launder Funds Through Thorchain
The surge in Thorchain’s daily trading volume was due to the Bybit hackers choosing the platform to launder their funds over Chainflip, which locked the hackers out, while Thorchain did not.
Mike Gavela
February 28, 2025
Crypto Roundup - February 28
Hackers exploiting Bybit have laundered substantial sums via THORChain, breaking the platform's daily transaction volume record. In parallel developments, the DeFi sector sees HyperLiquid surpass PumpFun as the third-highest revenue generator, demonstrating significant market dynamics shifts. Meanwhile, the Trump Organization is expanding into digital realms with a newly filed patent for the "TRUMP Metaverse," signaling a strategic entry into Web3 and NFT markets.
Top Stories
Hackers launder millions through THORChain from Bybit, setting a new volume record.
HyperLiquid becomes top-3 DeFi revenue generator, overtaking PumpFun.
Trump Organization files patent for "TRUMP Metaverse," indicating new ventures in virtual environments.
TOP STORIES
FUNDRAISING
We are pleased to announce that @StakeCapital has invested in Electron.
They are a seed stage investor in Solana, Curve, Lido, and many other top tier projects.
They join as a strategic investor and will play a key role as node operator for the Electron ZK-prover network.
— Electron (@ElectronZK)
3:30 AM • Feb 28, 2025
OTHER HEADLINES
CRYPTO TWITTER (X)
Sell a kidney if you must, but keep the Bitcoin.
— Michael Saylor⚡️ (@saylor)
4:11 AM • Feb 28, 2025
My thesis for where we are at:
- Trump is doing a traditional PE deal. He is taking the USA of the exchange and into private hands.
- He's acquired the company, he purging senior leadership as to be able to exert full control.
- With that well underway, he's now starting to gut… x.com/i/web/status/1…— Adrian Brink (@adrianbrink)
8:04 AM • Feb 28, 2025
2017 all over again?
172 weeks from the top, 3 taps at the channel roof, 11-week consolidation low hitting a day off the March seasonal date.
Same deal now, 11 weeks in next week. History’s rhyming— Digital Asset Research (@1995research)
2:23 AM • Mar 1, 2025
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