BlockBeats News, February 23, Bybit officials stated that scammers are pretending to be Bybit employees. Users are advised to stay vigilant, always verify official sources, and report any suspicious activity. Bybit will not ask for personal information, deposits, or passwords.

BlockBeats News, February 23rd, Meme Coin KOL Murad shared his investment strategy, "The possibility of continuously making money by fighting in the trenches on-chain is not great. Buy a meme coin that already has scale, should have a growing community, and has a realistic path to achieving a market cap in the tens of billions. Your chances of success will be much higher."

BlockBeats News, February 23rd, according to Arkham monitoring, 39 minutes ago, an address labeled as Mirana Ventures transferred 10,000 ETH to Bybit, worth approximately $27.97 million. Subsequently, these funds were transferred to Bybit's hot wallet address.

BlockBeats News, February 23rd, according to EmberCN monitoring, the Bybit hacker has used numerous addresses to exploit Chainflip, THORChain, LiFi, DLN, eXch, and other cross-chain exchange platforms to cross-chain swap 37,900 ETH (106 million USD) into other assets (BTC, etc.). From yesterday to today, their money laundering activity has already taken 30 hours.

The Bybit hacker address currently holds 461,491 ETH (1.29 billion USD), with a total of 499,395 ETH (1.4 billion USD) stolen from Bybit.

BlockBeats News, February 23rd, according to HTX market data, Bitcoin fell below $96,000, currently trading at $95,972, a 24-hour decrease of 0.75%.

BlockBeats News, February 23, SlowMist founder Cosmos released a post stating, "Through forensic analysis and correlation tracking, we have confirmed that the attacker is indeed the North Korean hacker group Lazarus Group. This is a nation-state level APT attack targeting cryptocurrency exchanges. We have decided to share the related IOCs (Indicators of Compromise), including some exploited IP addresses of cloud service providers and proxies. It is worth noting that this disclosure does not specify which platform or platforms are involved, and it is not mentioned that it is Bybit. However, if there are similarities, it is not impossible."

"The attacker used pyyaml to perform RCE (Remote Code Execution), enabling the delivery of malicious code to take control of the target's computers and servers. This method bypasses the detection of most antivirus software. After synchronizing intelligence with partners, multiple similar malicious samples were obtained. The main goal of the attacker is to compromise the infrastructure of cryptocurrency exchanges to gain control of wallets and illegally transfer a large amount of cryptocurrency assets from the wallets."

"SlowMist's summary article revealed Lazarus Group's attack methods, analyzed its tactics using social engineering, vulnerability exploitation, privilege escalation, internal network penetration, and fund transfers. Based on actual cases, defense recommendations against APT attacks were summarized, hoping to provide industry references to help more organizations enhance their security defenses and reduce the impact of potential threats."

BlockBeats News Update: On February 23, according to Arkham Monitoring, an address labeled as Abraxas Capital Mgmt withdrew 20,000 ETH worth $56.03 million from a Binance hot wallet address, and also withdrew 40 million USDT from the same Binance hot wallet address.

Additionally, 8,438 ETH worth $23.59 million was withdrawn from an OKX hot wallet address.

BlockBeats News, February 23rd, according to DefiLlama data, pump.fun's protocol fee revenue was $1.75 million yesterday, an 88.62% decrease from its all-time high on January 25th of $15.38 million.

Yesterday, pump.fun's trading volume was $137.25 million, a 64.83% decrease from its all-time high on January 24th of $390.3 million.

BlockBeats News, February 23rd, according to OnchainLens monitoring, a whale wallet that had been dormant for 1.3 years withdrew 107.13 BTC from Binance 3 hours ago, worth $10.34 million.

1.3 years ago, the same whale withdrew 66.17 BTC from Binance, worth $2.41 million at the time, and later deposited it back into Binance.

BlockBeats News, on February 23, the Taining Court in Fujian, China concluded a contract dispute with "USDT" as the investment object. In 2021, Jiang met Lin through a third party introduction, and they traded "USDT" by establishing a WeChat group. From 2021 to 2022, Jiang transferred approximately 100,000 RMB to Lin through WeChat and bank transfers, and Lin purchased "USDT" for him. Following Lin's instructions, Jiang transferred his held "USDT" to the platform multiple times for Lin to operate. Eventually, all the funds were depleted under Lin's operation, leading Jiang to sue in court.

The court held that the plaintiff Jiang claimed that the relationship between the two parties was a guarantee contract dispute, involving a private entrustment financial management contract related to cryptocurrency investment. According to current financial regulatory policies, issues such as entrusted trading and management of cryptocurrency are not legally protected in China, and the consequences of their actions should be borne by Jiang. Therefore, the court ruled to dismiss Jiang's lawsuit.