Bybit News: BYDFi Responds to Misleading Allegations by Content Creator ExtraVOD

In a recent development, BYDFi, a prominent player in the cryptocurrency exchange space, has issued a response to false allegations leveled against it by a popular content creator, ExtraVOD. Here’s a closer look at what transpired.

BYDFi Responds to ExtraVOD’s False Allegations

BYDFi has addressed misleading accusations made by content creator ExtraVOD on social media. On January 25, BYDFi detected abnormal trading activity after ExtraVOD bypassed perpetual risk limits by opening a second account. ExtraVOD admitted to creating the second account for high-frequency trading and was reminded of BYDFi’s User Agreement. BYDFi requested the removal of misleading content from ExtraVOD’s social media.

Lazarus Group Becomes a $1 Billion BTC Whale

The digital asset market has seen slight volatility in the last 24 hours, but significant developments have occurred. Notably, The Lazarus Group, a notorious hacking collective from North Korea, has increased its BTC holdings to 13,518 BTC (worth over $1.1 billion). This makes North Korea the fifth-largest nation-state to hold BTC, trailing behind the US, China, the UK, and Ukraine. The Lazarus Group orchestrated the largest cryptocurrency heist to date by stealing around $1.5 billion in Ethereum (ETH) from Bybit last month.