BYbit Hack Crypto Prices Drop Following $1.5 Billion
The Bybit infringement led to a market failure, said Alexis Serbia, chairman of Yellow Network and co-founder of market maker GSR. He noted that, as in the past, centralized exchange (EX) failures, the hack led to panic sales and liquidity distortions, exposing the persistent risks of centralized detention. Coinbase shares Slide SEC Case Update Shares of Coinbase Global Inc., the largest American crypto exchange, also took a hit, falling over 5%. This came after a first rally about the news that the US Securities and Exchange Commission would drop its long-standing case against the company. Recent Crypto Volatility and Liquidations Bitcoin and other important cryptocurrencies are trading in a tight range in recent weeks, with implicit volatility for short-term bitcoin options contracts falling to the lowest levels since June. Earlier this month, a sudden sale led to liquidations of bullish bets, with Ether tumbling as much as 26% on Feb. 2. Bybit confirms Hack, stolen funds on the move By bit CEO Ben Zhou confirmed that the attack was aimed at one of the exchange Although the full impact of the infringement remains uncertain, a significant part of the stolen assets is already sold, according to research firm Arkham Intelligence. Biggest Crypto Theft in history Blockchain analytics firm Elliptic identified this as the biggest crypto theft on record, surpassing the $611 million stolen from Poly Network in 2021. The breach has again expressed concerns about security vulnerabilities in centralized exchanges, feeding ongoing debates on the future of crypto preservation. FOR MORE CONTENT CLICK HERE
APAR Industries to Unveil Cutting-Edge Energy Solutions at Elecrama 2025
Mumbai, February 20, 2025 – APAR Industries Limited, a key player in the global energy sector, is set to showcase its latest innovations at Elecrama 2025, one of the world’s largest electrical exhibitions. The event will be held from February 22 to 26 at the India Expo Mart, Greater Noida, where APAR will be present as an Associate Sponsor. Attendees can explore the company’s range of products and solutions at Hall 1, Booth A24. With a history spanning over 66 years, APAR has established itself as a leader in conductors, cables, and specialty oils, playing a crucial role in India’s energy infrastructure. The company has built a reputation for technological advancements and sustainable practices, ensuring its solutions align with the growing demands of the global energy market. A Global Leader in Energy Solutions APAR Industries is recognized for its market leadership across multiple segments: Showcasing Advanced Technology At Elecrama 2025, APAR will highlight its latest developments in: Conductors As the world’s largest manufacturer of aluminium and alloy conductors, APAR offers high-performance solutions engineered for modern power grids. These include: HTLS ConductorACCC® AZR™SUPER-ZAD, TP, OPGW, OPPC, and CTC Conductors Specialty Cables The company remains India’s largest producer of specialty cables, catering to power transmission, renewable energy, railways, and industrial applications. The lineup includes: Specialty Oils & Lubricants APAR continues to expand its lubricants and specialty oils portfolio, featuring: India’s widest range of transformer oils under the POWEROIL brand High-performance lubricants for industrial and automotive applications Next-generation oils designed for electric vehicles (EVs) Expanding Beyond Manufacturing In addition to its product offerings, APAR provides comprehensive EPC (Engineering, Procurement, and Construction) solutions. This includes: Turnkey conductor solutions, ensuring seamless integration into modern power grids EPC services for cable infrastructure, including airport lighting, hybrid mining, and anti-theft cabling systems Industry training programs designed to share expertise with energy professionals at Elecrama 2025 Participants interested in attending APAR’s training sessions can register at APAR Elecrama Training. Commitment to Growth and Innovation “Elecrama 2025 is a great opportunity for APAR to reinforce its commitment to India’s power sector. We are excited to showcase solutions that drive efficiency, sustainability, and innovation,” said Mr. Kushal Desai, Chairman & Managing Director, APAR Industries Limited. About APAR Industries Limited Founded in 1958, APAR Industries operates in over 140 countries, serving transformer OEMs, power utilities, EPC contractors, automotive manufacturers, and telecom companies worldwide. With 11 manufacturing plants and a strong focus on R&D, APAR continues to deliver high-quality solutions designed to meet the evolving needs of the global energy sector.