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Today's Top Crypto Headlines:
Bybit Hacker Launders $1.4B | FTX Unstakes $431M in SOL | Streamer Robbed Over Crypto and more...
King Fatrick Gil Añasco
March 05, 2025
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Bybit Hacker Launders $1.4B: The Bybit hacker washed $1.4B in stolen crypto in 10 days using cross-chain tools like THORChain.
FTX Unstakes $431M in SOL: FTX and Alameda unstaked 3M SOL worth $431M, their largest since Nov 2023.
💡Feature of the Day - Streamer Robbed Over Crypto: Amouranth was robbed at gunpoint by intruders demanding crypto access.
All this and more in today’s headlines!
📰 News Highlights:
The Bybit hacker successfully laundered all $1.4 billion worth of stolen crypto in just 10 days, using cross-chain protocols like THORChain to obscure transactions.
The #Bybit hacker has laundered all the stolen 499,395 $ETH($1.04B currently), mainly through #THORChain.
— Lookonchain (@lookonchain)
9:43 AM • Mar 4, 2025
Some funds may still be recoverable, with experts working to trace and freeze portions of the illicit transactions.
**Moving on from THORChain**
Validators, developers, members of the community: effectively immediately, I will no longer be contributing to THORChain. I will remain available to Nine Realms as long as I am needed and to ensure an orderly hand-off of my responsibilities. It has… x.com/i/web/status/1…
— Pluto (9R) (@Pluto9r)
4:33 PM • Feb 27, 2025
Bybit acted swiftly to replace the stolen funds, fully covering the $1.4 billion loss by Feb. 24.
THORChain just helped North Korea launder $605 million. No KYC, no off switch, no resistance. Lazarus Group jacked Bybit for $1.5 billion in February 2025, then funneled the stolen ETH through THORChain like it was built for them. Over five days, $2.91 billion in volume ripped… x.com/i/web/status/1…
— Yogi (@HouseofYogiX)
4:58 AM • Mar 4, 2025
Meanwhile, THORChain saw record-breaking swap volumes, generating $5.5 million in revenue due to the hacker’s activity.
You retards we have the absolute best possible regulatory environment in history and finally beat the anti-crypto bozos in Congress who screeched for years about crypto only being good for money laundering and now you let Lazarus launder a yard and a half through Thorchain?
Send… x.com/i/web/status/1…
— IcoBeast.eth🦇🔊 (@beast_ico)
3:44 AM • Mar 4, 2025
The platform has faced scrutiny for enabling illicit fund transfers, leading to a developer resigning after a vote to block North Korean-linked assets was reversed.
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Bankrupt crypto firms FTX and Alameda unstaked over 3 million Solana (SOL) tokens worth $431 million, marking their largest SOL unlock since November 2023.
FTX/Alameda unstaked 3.03M $SOL($431.3M) and transferred to multiple wallets.
solscan.io/account/H4yiPh…
— Lookonchain (@lookonchain)
1:30 AM • Mar 4, 2025
Blockchain analytics flagged the movement, with 25,000 SOL already sent to Binance.
Of the 3.03M $SOL($431.3M) unstaked by FTX/Alameda today, 24,799 $SOL($3.38M) has been deposited to #Binance.
solscan.io/account/9JfhBV…
— Lookonchain (@lookonchain)
5:30 AM • Mar 4, 2025
Although FTX has been unlocking large amounts of SOL, strict court-imposed liquidation limits prevent it from selling everything at once.
FTX/Alameda unstaked and distributed 3.03M $SOL ($432.5M) to 37 wallets, likely for deposits to #Coinbase and #Binance ~3 hours ago!
This is FTX/Alameda’s largest unstake since November 2023 and likely part of the 11.2M $SOL (~$1.5B) set to be unlocked in early March.
Since… x.com/i/web/status/1…
— Spot On Chain (@spotonchain)
2:28 AM • Mar 4, 2025
The Delaware Bankruptcy Court caps sales at $50 million per week, with the option to increase to $200 million if approved.
💡 Feature of the Day:
Popular streamer Amouranth, real name Kaitlyn Siragusa, claimed she was robbed at gunpoint by intruders demanding access to her crypto.
I believe I shot one of them they wanted crypto is what they were yelling they pulled me out of bed
— Amouranth (@Amouranth)
4:56 AM • Mar 3, 2025
She had previously revealed holding 211 Bitcoin, worth over $20 million, making her a potential target.
Help! Do I sell or hold my BTC?
— Amouranth (@Amouranth)
9:40 PM • Nov 25, 2024
Security footage shows three gunmen entering her home before fleeing after loud noises were heard.
3 gun men
He screams “I got shot I got shot” after
I’m not supposed to post the scene itself, nor the casing which are now evidence
They beat me before this video and pistol whipped me the pummeling felt like it would never end and I protected my head by putting my arms… x.com/i/web/status/1…
— Amouranth (@Amouranth)
4:38 PM • Mar 3, 2025
😂 Crypto Meme of the Day:
Meme of the day provided by @The Shrimpy Team
And that’s it for this today.
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See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com