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The quick laundering of over $400 million from Bybit’s hack suggests North Korea may have expanded its operations, analysts say. Over $400 million from Bybit‘s $1.46 billion incident was laundered in just days, with analysts at blockchain forensic firm TRM Labs now raising serious concerns that North Korea may have expanded its laundering operations. In a Feb. 27 blog post, the analysts pointed out that Bybit’s attackers moved nearly half a billion in less than a week, using intermediary wallets, crypto swaps, decentralized exchanges, and cross-chain bridges to hide the trail. “This rapid laundering suggests that North Korea has either expanded its money laundering infrastructure or that underground financial networks, particularly in China, have enhanced their capacity to absorb and process illicit funds.” TRM Labs You might also like: ‘Blind signing is an issue, but not the prime suspect’ expert says on Bybit $1.4b saga The analysts note that North Korean hackers typically use crypto mixers to hide stolen funds before cashing out. But the scale of the Bybit incident has forced them to adopt new methods. Instead of mixers, they are now using multiple wallets and decentralized platforms to obscure the money trail. Initially, some stolen Ethereum was sent through BNB Chain and Solana. Now, most of it has been sent to the Bitcoin network. Despite the quick laundering, much of the Bitcoin remains untouched, suggesting the attackers are preparing for large-scale liquidation through OTC networks, the analysts suggest. Bybit lost $1.46 billion in a multi-stage attack, which security experts link to Safe Wallet. The attackers reportedly compromised a Safe{Wallet} developer’s device, tricking Bybit’s Safe wallet owner into signing a malicious transaction. Read more: Crypto mixers were allegedly used to launder funds stolen from Bybit and Infini. Will pro-Bitcoin countries ban crypto mixers?

Nansen joins Bifrost as a strategic validator partner Multi-chain middleware platform Bifrost announced via its official Medium blog that blockchain analytics firm Nansen has joined the Bifrost Network as a strategic validator partner, contributing to the network’s security and decentralization.

Bifrost partners with Amazon Web Services to boost Web3 ecosystem development Multi-chain middleware platform Bifrost $BFC announced on Medium that it has officially joined the Amazon Web Service (AWS) Partner Network (APN). Based on this partnership, Bifrost will utilize AWS' global cloud infrastructure to offer scalable blockchain services, thereby speeding up the development of the Web3 ecosystem.

🚨 MetaMask’s latest roadmap reveals plans to support #Bitcoin (BTC) and #Solana (SOL), allowing users to manage multiple #blockchain assets in one wallet!🔗 They’re also adding smart contract capabilities and optimizing multi-chain integration.✨

Bitcoin’s nosedive continued in the past 24 hours as the asset plunged to another multi-month low of just over $82,000 before it managed to recover some ground. Ethereum is the top loser from the larger-cap alts today, while LTC and AVAX stand with minor gains after another massacre. BTC Rebounds to $86K A lot can change in the cryptocurrency markets in the span of a week, and sometimes even less. Just last Friday, the largest of the bunch was climbing confidently toward $100,000 after gaining more than five grand in a few days. However, the Bybit hack stopped its ascent and pushed it south to $96,000 during the weekend. Trump’s tariffs and other controversial economic measures, as well as the growing concerns about rising inflation, pushed investors away from BTC and the ETFs, with massive outflows for several consecutive days now. The primary cryptocurrency dropped to $94,000 on Monday, but the real pain was observed on Tuesday, with a slump to $86,000, and on Wednesday, with another decline to $82,100 (on Bitstamp). The latter became the new three-month low. Although BTC has recovered some ground since then and now sits above $86,000, it’s still 3% down on the day. Its market cap has dropped to $1.7 trillion, and its dominance over the alts has decreased to 57.5% on CG. BTCUSD. Source: TradingView ETH Down, LTC Up Ethereum continues to dig new lows and dropped toward $2,200 yesterday. It now sits above $2,350, but it is still down by 5% since this time yesterday. XRP, BNB, DOGE, ADA, TRX, XLM, SUI, and TON are also in the red from the larger-cap alts. In contrast, AVAX and LTC have marked gains of over 3% within the same timeframe. APT has stolen the show after recent speculations about an ETF tracking its performance and has soared by 7% to over $6.1. The total crypto market cap, though, has shed another $70 billion since yesterday’s peak and is down to $2.970 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Litecoin Defies Market Trends, Bitcoin Recovers From Drop to $82K (Market Watch) appeared first on CryptoPotato.