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Gm and Happy Friday!

Bybit was hacked today for over $1 billion! Here’s all you need to know about this developing situation.

Coinbase is having a good day on Friday, because the SEC case against the exchange has been dismissed. What happens next?

Plus, the market is moving fast, but short-term traders have a major advantage. Join Matt Maley live on Sunday, February 23, at 1 PM ET as he shares his top trading setups for the week, from earnings-driven moves to high-momentum stocks.

Click here to reserve your spot today!

TOP STORY

Bybit Founder Confirms $1.4 Billion Ethereum Hack, Blames ‘Masked’ Transaction

Bybit founder Ben Zhou has confirmed that Bybit today suffered a $1.4 billion Ethereum hack — one of the biggest crypto hacks in history!

According to Zhou, the attack stemmed from a manipulation of Bybit's multisig wallet interface, tricking signers into unknowingly approving a fraudulent smart contract update.

Luckily, he reassured users that Bybit is solvent and all losses can be covered if the hack loss is not recovered.

Read the full scoop here.

SPECIAL OFFER

Short-Term Trading Masterclass: Matt Maley’s Top Setups For Next Week

The market is moving fast, but short-term traders have a major advantage. Join Matt Maley live on Sunday, February 23, at 1 PM ET as he shares his top trading setups for the week, from earnings-driven moves to high-momentum stocks.

Click here to reserve your spot today!

QUICK N DIRTY

Altseason has finally begun, according to a prominent crypto expert. But does that mean that Ethereum, XRP and Solana will benefit?

Kanye West has been making headlines recently, but not for the right reasons. Now, he reportedly plans to issue his own token after all — after saying he wouldn’t do it.

Michael Saylor has found a new potential buyer for Bitcoin and is working hard on convincing them. He says the U.S. should acquire as much as 20% of the Bitcoin supply.

FINTECH FOCUS

Coinbase CEO Brian Armstrong Says SEC Has Agreed To End 'Bogus' Enforcement Case Without Penalties

Good news for Coinbase.

CEO Brian Armstrong announced that the Securities and Exchange Commission has decided to fully withdraw its enforcement case against the company.

He said, “This case was bogus, and we were right on the facts. If we hadn’t stood up for our customers’ rights, it could have been the end of the crypto industry in America.”

So what’s next for Coinbase?

Read the full scoop here.

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