Michael Ndu-okeke

Over a six-year journalism career and more than 1,000 published pieces, Michael Nduokeke has evolved from a digital-media polymath into a trusted authority on blockchain and digital assets. His combination of rapid-fire news coverage and deeply researched explainers helps onboard new users into crypto. Michael’s editorial rigor, honed across finance and investigative beats, now powers our long-form crypto features and brings clarity to one of the world’s fastest-moving sectors.

259 articles published

News

Bybit Received over 350,000 Withdrawal Request Since Hack, Processed 99%

Ben Zhou, Co-Founder and CEO of Bybit revealed that the Exchange received over 350,000 withdrawal requests since yesterday when it lost $1.46 billion to a hack. Bybit completed an impressive 99% of the said withdrawal requests with over 2000 requests pending at the time of the report. Ben Zhou shared the information on his X…

February 22, 20250Comments

ByMichael Ndu-okeke

News

Asian Crypto Leaders and Exchanges Support Bybit with Donations and Moral Support

The Asian crypto community has rallied around the Bybit team as they navigate what is arguably the biggest hack ever in the Finance Space. Binance and Bitget, both Asian-led Exchanges, donated a collective 50,000 ETH to Bybit in the aftermath of the hack that saw the exchange lose $1.46 billion. Gracy Chen, CEO of Bitget,…

February 22, 20250Comments

ByMichael Ndu-okeke

News

Tether CEO Commends Bybit for Stellar Crisis Management, Freezes 181,000 USDT of Stolen Funds

Paolo Ardoino, CEO of Tether, commended the Bybit management for exhibiting stellar crisis management while freezing $181,000 of loot. The CEO of one of the largest Stablecoin Issuers in the industry hailed Bybit CEO Ben Zhou for effectively handling the crisis. https://twitter.com/paoloardoino/status/1893256025681055852 Paolo announced later that Tether has frozen 181,000 USDT linked to the address of…

February 22, 20250Comments

ByMichael Ndu-okeke

News

Bybits’s Cold Wallet Hacked in Sophisticated Attack, $1.46 billion Lifted from Exchange

Bybit, the second-largest crypto exchange in the industry, has lost $1.46 billion to a sophisticated attack on its cold wallet. Ben Zhou, the CEO of the Exchange, confirmed the attack on his X page, sharing details of the hack and revealing that the hack took place during a transfer from Bybit’s ETH multi-sig wallet to…

February 21, 20250Comments

ByMichael Ndu-okeke

News

Sam Bankman Fried says FTX was Never Bankrupt, Claims the Exchange Suffered a Liquidity Crisis Instead

Sam Bankman Fried (SBF), the Acerated Founder of the Now-Defunct FTX Exchange, revealed that the Exchange was never bankrupt but suffered a liquidity crisis. In an interview from Prison, SBF stated that the exchange had sufficient assets to repay all its customers. However, the repayment process was hindered by a Market Panic resulting from a liquidity…

February 21, 20250Comments

ByMichael Ndu-okeke

News

Kanye West set to launch “YZY” Memecoin inspired by his Clothing Brand

American Rapper Kanye West is reportedly set to launch a Memecoin a few days after revealing how prominent figures have received offers to use their brand to promote Rug pull schemes. Coindesk announced the development, citing three sources close to the project and revealing that the ‘YZY’ token was designed to bypass brands like Shopify,…

February 21, 20250Comments

ByMichael Ndu-okeke

News

The US SEC Launches Cyber and Emerging Technologies Unit to Combat Fraud in Crypto

The United States Securities and Exchange Commission, under acting chairman Mark Uyeda, launched a special unit to combat fraud in Crypto and other Areas. The Special unit called the Cyber and Emerging Technologies Unit (CETU) is tasked to combat fraud in various areas, including Blockchain, Social media and the Dark Web. The announcement was made…

February 20, 20250Comments

ByMichael Ndu-okeke

News

Bitcoin ETFs lose $64 million Recording No Inflows

Bitcoin ETFs experienced a second day of no inflows, losing $64.1 million in the process. The 11 Bitcoin ETFs recorded a net outflow of $64 million from 4 ETF products, while the rest recorded no transaction. Over the past two weeks, the Bitcoin ETF products have recorded more net Outflows than inflows reflecting the bearish…

February 20, 20250Comments

ByMichael Ndu-okeke

News

Vitalik Buterin Gets Emotional on Mounting Criticism for Ethereum ,Doubles Down on a Utility Focused Industry

Vitalik Buterin, co-founder of the Ethereum Blockchain, shared an emotional message lamenting the growing criticism of the Ethereum project. The Ethereum Co-founder and a leading advocate for a utility-focused industry posted a message on Tako, a Chinese tech-based Social media platform. He affirmed his advocacy for a utility-focused industry while getting emotional about the growing…

February 20, 20250Comments

ByMichael Ndu-okeke

News

Former Bybit Payroll Manager Gets Six Weeks in Jail for Stealing $4.6 Million from the Exchange

Ho Kai Xin, a former payroll manager with Bybit, was handed a six-week jail sentence for flouting court orders following a $4.6 million theft from the exchange. Ho was ordered in 2022 by a civil court not to use the funds she lifted from Bybit, but the 32-year-old woman spent $840,000 from the funds on…

February 20, 20250Comments

ByMichael Ndu-okeke