Bitdeer Technologies Group posted a $532 million net loss for Q4 2024, citing major investments in proprietary mining hardware development as it pursues vertical integration in the Bitcoin mining sector. Revenue Decline and Rising Costs The company's quarterly revenue dropped 40% year-over year to $69.0 million, with gross profit plummeting from $27.0 million in Q4…

A Chinese man lodged in a Luxury Hotel in Jeju, South Korea, was attacked and killed by four assailants while trading crypto.  Officers from Jeju West Police Station found the body of the deceased on Feb 24 and have currently arrested four anonymous Chinese nationals in connection to the case.  The arrested Chinese nationals are…

The Bybit Hackers laundered an additional 45,900 ETH ($113 million) in the last 24 hours.  This takes the total tally of money laundered from the Bybit Hack to 135,000 ETH ($335 million) in less than a week.  The Bybit hackers still have 363,900 ETH ($900 million) in their wallets. The remaining funds will take an…

Crypto platforms in Europe are enforcing strict KYC measures for transfers, linked to the Travel Rule, causing delays and compliance challenges.

The SEC ends its investigation into Uniswap Labs without charges, while the CFTC fines the company $175,000 for commodity violations.

Grayscale files for a Polkadot ETF on Nasdaq, expanding its crypto offerings amidst a shifting SEC stance on digital assets.

Bybit co-founder and CEO Ben Zhou has announced the launch of Lazarus Bounty, an initiative aimed at tracking and freezing funds linked to the North Korean hacker group Lazarus after its $1.5B attack on the exchange company. Notably, the Lazarus bounty platform introduces a transparent and community-driven approach to combating cryptocurrency-related money laundering. For context,…

Cryptocurrency exchange Bybit has officially registered with Indian authorities, allowing it to resume full operations in the country, as stated in a February 25 announcement.  Notably, existing Indian users can now access all Bybit services, including trading and other platform features, while new user onboarding will gradually commence. Bybit had temporarily halted some services as…

Certora has announced the open-sourcing of its Certora Prover, a formal verification engine designed to enhance smart contract security on Ethereum (EVM), Solana (sBPF), and Stellar (WASM).  By making this tool freely available, Certora aims to improve security accessibility across the Web3 ecosystem. The Certora Prover has been developed over seven years and has played…