GuShiio.com Tether has frozen 181,000 USDTs related to Bybit hackers and will continue to monitor them; currently, five institutions/individuals have provided Bybit with loan support totaling approximately 120,000 ETH;Bybit CEO hopes that eXch will reconsider intercepting capital outflows, which is not only helping Bybit.
Today’s top news tips:
1. Bybit CEO: Hope eXch will reconsider intercepting capital outflows, which will not only help Bybit
2. Tether has frozen 181,000 USDTs related to Bybit hackers and will continue to monitor them
3. Suspected to belonging to Bybit or its associated addresses have purchased a total of 106,498 ETH units in the past day or so
4. Market news: Kanye suspected of selling the publishing rights to X account for $20 million
5. Currently, 5 institutions/individuals have provided Bybit with loan support totaling approximately 120,000 ETH
6. Bybit CEO: Getting the Ethereum blockchain to roll back before it was stolen may be a community vote
7. Ethereum core developer issued a document explaining why the Ethereum blockchain cannot be “rolled back”
8. Bybit: Will reward ethical network and security experts who recover stolen cryptocurrencies with 10% of recovered funds
9. NFT trading volume rose 19.6% month-on-month to US$152.9 million in the past seven days
Regulation/macro
Next week’s macro outlook: What’s the next step for the Fed, where caution is the main theme? Focus on PCE
As U.S. President Trump promises to impose more tariffs and markets have experienced another turbulent week, the economic optimism that emerged after Trump’s election may begin to fade. Despite the turmoil, gold continued to rise this week and hit a record high above $2950. However, there is always a voice in the market: As the rebound in the second half of the week failed to continue to hit record highs, does this mean that bullish pressure is weakening? After the release of strong U.S. CPI data, the U.S. core PCE price index will become the key focus of the market in terms of data next week. The following are the key points that the market will focus on in the new week:
- At 22:30 on Monday, the US February Dallas Fed Business Activity Index;
- At 17:20 on Tuesday, Logan, Chairman of the 2026 FOMC Vote Committee and Dallas Fed, delivered a speech;
- At 00:45 on Wednesday, Federal Reserve Governor Barr delivered a speech;
- At 02:00 on Wednesday, Balkin, Chairman of the 2027 FOMC Vote Committee and Richmond Fed, delivered a speech on inflation;
- At 01:00 on Thursday, Bostick, chairman of the 2027 FOMC Election Committee and Atlanta Fed, delivered a speech on the economic outlook and the property market;
- At 21:30 on Thursday, the revised annualized quarterly rate of real GDP in the fourth quarter of the United States, the revised quarterly GDP price index in the fourth quarter, the monthly rate of durable goods orders in January, and the number of initial jobless claims in the United States for the week ending February 22;
- At 02:15 on Friday, Hamak, chairman of the 2026 FOMC voting committee and Cleveland Fed, delivered a speech on financial stability;
- At 04:15 on Friday, 2026 FOMC voting committee and Philadelphia Fed President Huck delivered a speech on the economic outlook;
- At 21:30 on Friday, the US January PCE data and the monthly rate of personal expenditure in January;
Over the past two months, the strong U.S. economy has provided guarantees for investors to continue to inject money into U.S. stocks amid tariff threats and the Federal Reserve’s tightening policy, but Friday’s decline in U.S. stocks could mean that this “protection” may be limited. For investors who have recently poured record amounts of money into various venture investments, even the first signs of pressure on the U.S. economic growth prospects are enough to sell. Given that most Fed officials will speak next week ahead of the PCE data release, they are not expected to relax their tone easily and continue to emphasize uncertainty and caution.
project dynamics
mETH Protocol: cmETH has now been restored and user funds have not been affected
The liquidity pledge/re-pledge agreement mETH Protocol issued a document on the X platform announcing that cmETH has now been restored, and the safety of user funds has not been affected and is fully supported. A detailed post-event analysis report will be released soon, summarizing the incident and all measures taken.
Previously, the mETH Protocol, a liquidity pledge/re-pledge agreement owned by Mantle, which has a deep binding relationship with Bybit, announced the suspension of cmETH withdrawals after learning about Bybit’s recent security incidents involving certain mETH and cmETH transactions, but deposit and pledge services continue as usual.
Tether has frozen 181,000 USDTs related to Bybit hackers and will continue to monitor them
Tether CEO Paolo Ardoino announced in a post on the X platform: “We have just frozen 181,000 USDTs related to the ByBit hacking attack. Although it may not be much, it is an honest work.” Paolo Ardoino also said that it will continue to monitor.
Bybit: Will reward ethical cyber and security experts who recover stolen cryptocurrencies with 10% of recovered funds
Bybit posted on the X platform that as part of its investigation and recovery efforts, Bybit promised to provide 10% of the recovered funds to reward ethical cyber and cybersecurity experts who actively recovered stolen cryptocurrencies during the incident.
Bybit said it has launched a bounty recovery program to call on elites in the global cybersecurity and encryption analysis fields to jointly track down the perpetrators of the largest theft in encryption history.
Arkham Exchange will provide spot trading to users in 17 U.S. states starting March 1
Arkham Intelligence announced that its exchange, Arkham Exchange, will begin offering spot cryptocurrency trading to users in 17 U.S. states starting March 1.
The move was announced by Arkham in November last year after the company launched a USDT-based perpetual contract exchange. Spot trading will be open to users in Colorado, Hawaii, Indiana, Iowa, Kansas, Michigan, New Hampshire, New Jersey, South Carolina, Tennessee, Utah, Virginia, Wyoming, Wisconsin, California, Massachusetts and Montana.
CZ bought about 1 BNB of TST in the early morning and said that its experience could be much improved by using DEX for the first time
According to monitoring by@ai_9684xtpa, CZ bought TST with 1.005 BNB twice in the early morning, worth about US$662. Bilateral liquidity of 1,110.99 TEST and 0.096 WBNB, valued at approximately US$200, was subsequently injected into the TST/WBNB trading pair. Or affected by this news, the TST value exceeded US$100 million again in a short period of time.
In response, CZ responded: “Buying TST is only for testing. This is my first time using AMM, flow cells, etc. I have never used DEX before, only use CEX. I want to put some BNB in TST LP as a test. I have seen Pancake’s demonstration before and it looks very simple. So I didn’t refer to any video tutorials and wanted to see what the first experience would be like. As a novice, I have to say that the DEX experience can be a lot improved. There may be a robot trying to steal my public address transactions (or any large transaction), and everyone can monitor what I am doing in real time. Well, there is still a lot to do.”
Market news: Kanye suspected of selling the publishing rights to X account for $20 million
According to X user @afhasbara, Kanye sold the publishing rights of his X account to @barkmeta for $20 million before the cryptocurrency was released, and his agent John Monopoly charged a 15% fee.@ Barkmeta also owns the publishing rights to@AB84 and was behind the fake Yeezy token posted on the AB page yesterday, which was withdrawn within hours. The cryptocurrency tweet I see now is obviously not from Kanye himself.
Bybit CEO: Hope eXch will reconsider intercepting capital outflows, which will not only help Bybit
Ben Zhou, CEO of Bybit, tweeted,”At this moment, it has nothing to do with Bybit or any entity, but our general attitude towards hackers as an industry. I sincerely hope that eXch can reconsider and help us stop the outflow of funds. We have also had help from Interpool and international regulators, and helping block these funds is not just helping Bybit.” Previously, eXch publicly released Bybit’s interception request email and refused to respond.
According to previous news, Slow Fog founder Yu Xin tweeted that in view of the fact that a relatively large number of ETH has been washed out through eXch and replaced with BTC XMR, etc., all platforms should increase the risk control level for funds from eXch.
Bybit: Deposits and withdrawals have fully returned to normal levels
Bybit released an update on platform X to announce that deposits and withdrawals on its platform have completely returned to normal levels, and online data has confirmed this situation.
views
CZ: I definitely cannot become a real user of the dog, and I have never been a standard user of CEX
Binance CZ said when replying to community users on platform X: “I tried meme. But I definitely can’t become a real user of the dog. I never chase quick money. Mentality cannot be replicated. You may not know, but I have never been a standard user of CEX. I’m hodler. I’m a blacksmith. Making tools. Not every blacksmith knows martial arts. Blacksmiths who don’t know martial arts can sometimes sharpen swords.”
CZ: Suggestion to suspend withdrawals for Bybit is a practical method shared based on personal experience and observations, and there is no absolute right or wrong
Binance CZ released some thoughts on recent hacking attacks on platform X. He said:
One pattern is where hackers are able to steal large amounts of cryptocurrency from multi-signature “cold storage” solutions such as ByBit, Phemex, WazirX and other solutions.
In the recent ByBit case, a hacker was able to have the front-end user interface display a legitimate transaction, while the actual signature was for another transaction. Other cases are less familiar, but based on the limited information available, they sound similar. Even more frightening is that the affected exchanges use different multi-signature solution providers. The hacker Lazarus Group’s intrusion capabilities are very advanced and have a very wide range. It is unclear whether hackers can invade multiple signature devices, servers, or in every case.
Someone questioned my suggestion to stop all withdrawals as a standard security precaution (I posted a tweet on the shuttle to the plane), with the aim of sharing a practical approach based on personal experience and observations, but there is no absolute right or wrong in either approach, and the guiding principle is always leaning towards the safer side. After any security incident, suspend everything to make sure we fully understand what happened, how hackers broke into the system, what devices were hacked, double check if everything is safe, and then resume operations.
Of course, suspending withdrawals could cause more panic. In 2019, Binance suspended withdrawals for a week after a massive $40 million hack, and when withdrawals (and deposits) resumed, it saw more deposits than withdrawals. Not that this is a better approach. Each situation is different. This is a matter of judgment. The relevant tweet is to share what may be effective. The purpose is to express support in a timely manner. I also believe that Ben made the best decision based on the information he has. Ben maintained transparent communication and calm when dealing with challenges, and performed very well. This is in sharp contrast to other less transparent CEOs such as WazirX, FTX, etc. The cases mentioned here are different. FTX is fraud. WazirX will not comment because the lawsuit is still ongoing.
Buffett shareholder letter: He will always invest most of his money in stocks, with the value of tradable stocks held falling to $272 billion last year
According to Jin Shi, Buffett issued an annual shareholder letter, which mentioned that the value of tradable stocks held last year dropped from US$354 billion to US$272 billion, but the value of the unlisted controlling equity held has increased and is still much higher than the value of the tradable stock portfolio. We will always invest the vast majority of their money in stocks-mainly U.S. stocks, although many of these companies will have important international operations. Berkshire will never be more inclined to hold cash equivalent assets than give up holding equity in high-quality companies, whether it is a controlling stake or a partial stake.
In 2024, Berkshire exceeded expectations, although 53% of the 189 operating companies reported a decline in earnings. Investment income achieved a foreseeable and substantial increase in investment income as higher U.S. Treasury yields significantly increased holdings of these highly liquid short-term securities. Berkshire has continued to increase its yen-denominated borrowing, but does not follow any fixed pattern. All borrowings are fixed interest rates, there are no “floating rate” borrowings. There is no prediction of future foreign exchange rate movements, so we strive to maintain a near-neutral position in terms of currency.
Bybit CEO: Getting the Ethereum blockchain to roll back before it was stolen may be a community vote
Ben Zhou, CEO of Bybit, said the exchange would do everything possible to recover stolen funds, including offering a bounty program for anyone who assists in returning the funds, working with law enforcement and talking to the Ethereum Foundation to explore possible solutions.
Bybit CEO Ben Zhou was asked in Spaces on February 22 if he supported rolling back the Ethereum blockchain to its state before the February 21 Lazarus Group hack. It responded: “I’m not sure if it was a one-person decision. Based on the spirit of blockchain, maybe this should be a voting process to see what the community wants, but I’m not sure.”
Ethereum core developer issued a document explaining why the Ethereum blockchain cannot be “rolled back”
After Bybit was hacked, some people asked why Ethereum couldn’t “roll back” the blockchain to reverse the hacking. In this regard, Ethereum core developer timbeiko.eth issued an article explaining it. It said that although Bitcoin was able to “roll back” its blockchain 15 years ago, today, the interconnected nature of Ethereum and the settlement of economic transactions on and off the chain make the issue thorny today.
CZ: Tends to use funds in donation addresses to support liquidity, regardless of whether they make money, and aims to indirectly give back to the community
CZ tweeted that it might invest and combine the remaining funds from the donation address. See which method works well. “Many people suggest donating to charity, and I support it. I like to use cryptocurrency for charity. My requirement for charity is that the receiving organization must enable cryptocurrency and must allow tracking to the ultimate beneficiary. Transparency. Suggestions are welcome.” “Some other projects recommend destroying received tokens. I understand what it means. Airdrop is the most strenuous effort in wallet operations, and choosing who to airdrop will cause more “controversy”. Some people suggest adding it to LP. I did some tests yesterday. I think I may finally get the hang of it. Judging from this address, the MEV experience is very accurate. Great learning experience, fun weekend practice, I know it’s just a few years late. Currently, I tend to do more to support liquidity. I don’t care if the money on this address makes money. I think it’s also an indirect way to give back to our community.”
According to previous news, CZ bought about 1 BNB of TST in the early morning and said that its experience could be much improved by using DEX for the first time.
important data
Currently, 5 institutions/individuals have provided Bybit with loan support totaling approximately 120,000 ETH
According to monitoring by chain analyst Yu Ember, 5 institutions/individuals have provided Bybit with a total of 120,000 ETH (3.2097ymy ) loan support. Specifically:
Bitget: 40,000 ETH (US$105.96 million);
Institutions/whales withdrawing money from Binance: 11,800 ETH (US$31.02 million);
MEXC: 12,652 stETH (US$33.75 million);
Binance or another institution/whale withdrawing money from Binance: 36,000 ETH (US$96.54 million);
0x327… 45b Address: 20,000 ETH (US$53.7 million).
NFT trading volume rose 19.6% month-on-month to US$152.9 million in the past seven days
According to Crypto.news, according to CryptoSlam data, NFT turnover in the past seven days has increased to US$152.9 million, an increase of 19.60% from the previous week. The number of NFT buyers increased by 64.53% to 335,666; the number of NFT sellers increased by 49.30% to 237,123; and the number of NFT transactions increased by 4.73% to 1,574,998.
Ethereum Network NFT transaction volume jumped 42.71% to US$79.1 million, and the number of buyers increased 36.09% to 41,619. Bitcoin network NFT transactions fell 26.59% to US$20.6 million, and the number of buyers rose 40.65% to 23,097.
Transactions worth noting in the past 7 days include:
- CryptoPunks #7685: US$166,289 (60 ETH)
- CryptoPunks #3963: US$139,515 (50 ETH)
- CryptoPunks #5774: US$122,773 (44 ETH)
- CryptoPunks #9813: US$121,059 (44.99 ETH)
- CryptoPunks #8046: US$120,659 (44.69 ETH)
Golem Network, which raised 820,000 ETH units in 2016, is suspected of selling US$20 million in ETH units
According to monitoring by chain analyst Ember, Golem Network, which raised 820,000 ETH in an ICO in 2016, may have sold another 7,250 ETH (US$20 million) in the past two days: 6200 ETH were transferred to Binance and 1050 ETH were transferred to Coinbase. At present, there should be 110,000 ETH (US$3.05 million) received from 2016: 10,000 are at the Golem: Multisig address, and 100,000 are natively pledged at Ethereum.
Bybit allegedly purchased 71,755 ETH units through OTC, worth approximately US$197 million
According to Lookonchain monitoring, Bybit is suspected to have purchased 71,755 ETH (US$197 million) through OTC.
Suspected to belonging to Bybit or its associated addresses have purchased a total of 106,498 ETH units in the past day or so
According to on-line analyst Ember monitoring, it may be the address of Bybit or its related parties (0x2E4… b77) Received another 34,743 ETH (US$97.75 million) from Wintermute about 20 minutes ago. They are likely to have purchased a total of 106,498 ETH units (US$294.93 million) in the last day or so: through Galaxy Digital, FalconX, Wintermute.
This address first received ETH after receiving 100 million USDT from Bybit’s cold wallet and transferring it to FalconX and Galaxy Digital.
