Latest Web3 Finance and Compliance Reports
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[Chainalysis] Leveraging Transparency for Collaboration in the Wake of Record-Breaking Bybit Theft
On February 21, 2025, Bybit, a prominent cryptocurrency exchange, experienced a significant security breach resulting in the loss of nearly $1.5 billion worth of ether (ETH). This incident…
4 min read
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[ELLIPTIC] The Largest Theft in History – Following the Money Trail from the Bybit Hack
On February 21st 2025, approximately $1.46 billion in cryptoassets were stolen from Bybit, a Dubai-based exchange. Initial reports suggest that malware was used to trick the exchange into approving transactions that sent…
4 min read
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[Ben Davis] The $1.5B ByBit Hack: Would Insurance Have Helped?
The cryptocurrency industry was recently shaken by a sophisticated attack on ByBit, resulting in a $1.5 billion loss in ETH. The attack, attributed to North Korea’s sanctioned Lazarus Group,…
4 min read
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[FAILSAFE] Bybit Attack Update: $1.4B Stolen, $42.89M Frozen – What’s Next?
The Largest Breach in Crypto History In what is now the largest breach in cryptocurrency history, Bybit suffered a staggering loss of 499,395 ETH, valued at approximately $1.4 billion. This…
4 min read
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[Kane Wang] ByBit Hack Incident: Overview and Reflections
On the 21st at 22:13 Singapore time, the ByBit team conducted a routine fund transfer. During the approval process, Ben double-checked the Safe{Wallet} URL and the transaction address…
4 min read
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Understanding the Employment Act of Singapore: A Guide for Startups
Introduction The Employment Act (EA) is Singapore’s primary labor law, governing the fundamental terms and conditions of employment. It protects employees by establishing minimum employment standards while ensuring…
4 min read
