Stolen Bybit Funds Laundered at Alarming Speed The recent security breach at Bybit has sent shockwaves through the cryptocurrency community, with the hacker managing to launder over half of the stolen Ethereum in record time. This brazen act has not only highlighted the vulnerabilities in the digital asset space but has also raised concerns about […]
Crypto exchange Bybit loses $6 billion in two days
Crypto Exchange Bybit Faces Major Setback: Loses $6 Billion in Two Days Crypto exchange Bybit recently experienced a significant loss of $6 billion in just two days, sending shockwaves through the digital currency market. This turn of events has once again brought to the forefront the concerns surrounding security and liquidity in the volatile world […]
Meta’s Tax Investigation in Italy: A Conclusive Review of Allegations and Implications
In recent developments, Italy’s Revenue Agency has wrapped up its investigation into the financial practices of Meta, the parent company of Facebook. The investigation drew attention due to allegations surrounding significant tax evasion, amounting to almost €887.6 million linked to operations attributed to Meta’s Irish subsidiary. This situation not only highlights the urgent scrutiny placed […]
Bybit Penalised $2.4 Million for Operating Without Dutch Registration
In a significant move reflecting the increasing scrutiny on cryptocurrency platforms, Bybit, a leading crypto exchange, has been fined €2.2 million (approximately $2.4 million) by De Nederlandsche Bank (DNB), the central bank of the Netherlands. This penalty was imposed for the company’s failure to register with the regulatory authority, a requirement established by the Anti-Money […]