The $1.5 billion hack on Bybit has put intense pressure on THORChain and raised concerns across the crypto staking industry. This incident underscores the threats posed by criminal activities in the crypto sector.
THORChain Rocked by Resignations
THORChain has experienced an internal crisis after a vote to block transactions linked to North Korean hackers. Developer 'Pluto' left the project amid record activity on the platform and massive money laundering through the network.
Bybit Hack Shakes Institutional Confidence
The hack on Bybit by the Lazarus Group has dealt a severe blow to institutional confidence in crypto staking. Expert Bohdan Opryshko noted that high-profile incidents compel investors to reassess their investment strategies.
Chainalysis Report Uncovers Record Crypto Crime Wave
According to Chainalysis, illicit transaction volumes in the crypto industry hit a new record of $51 billion. The report highlights more sophisticated criminal activity, including the use of AI and stablecoins to evade regulators.
Events surrounding the Bybit hack raise crucial questions about security and regulatory measures within the crypto industry. The rise in crypto criminal activity necessitates stricter measures and deeper analysis.
