Advertisement

BTC$82,260-2.46%ETH$1,813.26-4.27%USDT$1.000.03%XRP$2.11-3.84%BNB$601.58-2.74%SOL$123.42-4.70%USDC$1.00-0.01%DOGE$0.17-7.03%ADA$0.67-5.52%TRX$0.23-0.47%STETH$1,812.42-4.27%WBTC$82,263-2.34%TON$3.67-3.68%LEO$9.60-0.94%LINK$13.41-6.03%XLM$0.27-3.36%AVAX$19.55-4.30%WSTETH$2,173.14-3.52%USDS$1.00-0.02%SHIB$0.00001253-5.61%SUI$2.28-9.11%HBAR$0.17-6.65%LTC$84.65-2.81%DOT$4.01-6.59%OM$6.17-2.49%BCH$300.42-2.37%BGB$4.60-4.02%PI$0.80-2.49%WETH$1,812.34-4.24%USDE$1.000.08%BSC-USD$1.000.15%HYPE$12.52-5.82%WEETH$1,926.6-4.26%WBT$28.20-1.93%XMR$214.93-1.14%UNI$5.89-4.18%DAI$1.000.01%APT$5.18-6.81%NEAR$2.56-5.91%PEPE$0.00000713-8.31%SUSDS$1.05-0.07%OKB$47.99-2.44%TKX$35.50-1.52%CRO$0.10-3.11%GT$22.15-2.80%MNT$0.81-2.50%CBBTC$82,246-2.42%FDUSD$1.00-0.12%ICP$5.29-6.13%AAVE$166.19-3.85%ONDO$0.79-6.34%ETC$16.46-3.67%SUSDE$1.160.03%TRUMP$9.96-3.35%TAO$229.36-6.70%VET$0.02-6.26%BUIDL$1.000.00%ENA$0.37-5.92%ATOM$4.19-8.35%TIA$3.20-6.57%RENDER$3.47-7.35%FIL$2.72-3.67%POL$0.20-5.19%LBTC$81,889-2.75%FTN$4.02-0.06%KAS$0.06-8.45%ALGO$0.18-8.93%S$0.48-10.77%ARB$0.33-5.62%IP$5.28-5.04%KCS$11.06-1.06%JUP$0.47-6.20%SOLVBTC$82,202-2.23%OP$0.76-9.29%FET$0.47-8.15%RSETH$1,884.97-4.27%WETH$1,815.69-4.11%MKR$1,293.52-9.41%MOVE$0.44-9.37%NEXO$1.08-4.02%XDC$0.07-2.18%BNSOL$128.52-4.91%DEXE$17.67-3.35%QNT$68.45-4.25%IMX$0.55-6.14%USDT0$1.000.05%STX$0.62-6.75%WLD$0.77-8.41%USD0$1.00-0.02%RETH$2,051.05-4.25%SEI$0.18-7.02%BONK$0.00001115-8.61%USDT$1.00-0.00%INJ$8.61-6.89%GRT$0.09-7.42%USDC.E$1.00-0.05%EOS$0.54-5.73%THETA$0.82-8.00%FLR$0.01-2.88%BERA$7.49-11.15%
February 22, 2025

Weekly Recap: Hackers Drain $1.5B from ByBit in Crypto's Biggest Exploit

Happy weekend Defiers!

Centralized exchange ByBit was drained by North Korea’s Lazarus Group, with roughly $1.5 billion of ETH stolen. This marks the biggest exploit in crypto history.

Meanwhile, crypto markets remained rangebound this week as Bitcoin swung between $93,000 and $98,000.

More details emerged surrounding the LIBRA memecoin fiasco, with Argentine president Milei showing no remorse, and promoter Hayden Davis revealing his tactics to ‘max extract.’

Plus, Solana activity dropped, the KAITO airdrop elicited mixed reactions, and Monad launched its testnet.

Also, don’t forget to check out our podcasts with Bill Barhydt, founder and CEO of Abra, and Kain Warwick, founder of Infinex and Synthetix.

Enjoy!

DEFI ALPHA

We’ve revamped Alpha to help you fully embrace your inner degen and maximize your crypto gains!

New features include an exclusive Telegram group where our resident degens share real-time intelligence from the trenches, a biweekly Alpha call where you can chat directly with the DeFi Alpha newsletter authors, and additional content to help you stay on top of hot trends.

Just recently, we caught:

  • COLLAT at 400K (ATH 33M - 80x)
  • JANUSPRO7B at 20K (ATH 3M - 150x)

Previous wins:

  • TRUMP at 700M (ATH 70B - 100x)
  • ALCH at 4M (ATH 200M - 50x)
  • ARMY on Ripple at 2M (ATH 100M - 50x)
  • PNUT at 5M (ATH 2.2B - 440x)
  • ZEREBRO at 600K (ATH 600M - 1000x)

What are you waiting for? Subscribe now and join the Telegram group!

THANKING OUR NEWSLETTER SPONSORS

| NEWSLETTER CONTINUES BELOW |

the-defiant

TheStandard Protocol launches zero-interest DeFi lending where your collateral generates yield through Uniswap V3 pools. Borrow against ETH, WBTC & more while earning returns. Smart Vaults (NFTs) enable trading of entire loan positions. Backed by Cyfrin audit.

PODCAST & INTERVIEWS

Bill Barhydt: The Next Altcoin Season, $350K Bitcoin & The Future of DeFi Banking

Bill Barhydt, Founder and CEO of Abra, discusses the evolving landscape of cryptocurrency markets and investment strategies in this week's The Defiant Podcast.

He attributes Bitcoin’s price movements to macroeconomic factors, including U.S. monetary policy and liquidity cycles, and notes a growing trend of companies holding Bitcoin on their balance sheets.

Barhydt also examines Ethereum’s scalability challenges and the increasing role of DeFi in financial systems, suggesting that decentralized infrastructure could eventually become the standard for banking.

Kain Warwick on Infinex, Synthetix, and the Future of DeFi UX and Stability

Kain Warwick, founder of Synthetix and Infinex, discusses the evolution of DeFi and the trade-offs required to improve user experience while maintaining decentralization.

He explains how Infinex aims to offer a more accessible, centralized exchange-like interface while remaining non-custodial, addressing long-standing UX challenges in DeFi. Warwick also reflects on Synthetix’s recent governance restructuring, competition from Hyperliquid, and the potential shift back to a stablecoin-focused model.

Looking ahead, he highlights the importance of regulatory clarity, improved infrastructure, and greater accessibility in driving the next phase of DeFi growth.

Friday

Thursday

Wednesday

Tuesday

Monday

TRENDING