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Bybit CEO: Two-thirds of Lazarus-hacked funds remain traceable

Crypto exchange Bybit co-founder and CEO Ben Zhou says more than two-thirds of the digital assets stolen from the platform in February by North Korea’s Lazarus Group still remain traceable.

In an executive summary on hacked Bybit funds posted on X on April 21, Ben Zhou said that of the total $1.4 billion hacked, 68.6% “remains traceable,” 27.6% has “gone dark,” and 3.8% has been frozen.

The untraceable funds primarily flowed into mixers, then through bridges to peer-to-peer and over-the-counter platforms, he added.

In February, hackers associated with the Lazarus Group exploited vulnerabilities in Bybit’s cold wallet infrastructure, stealing $1.4 billion in the largest crypto exchange hack to date.

“Recently, we have observed that the mixer mainly used by the DPRK [Democratic People’s Republic of Korea] is Wasabi,” Zhou said before stating that following the Wasabi washing of BTC,

Users being polite to ChatGPT is costing OpenAI millions — Sam Altman

OpenAI CEO Sam Altman says users sending “please” and “thank you” messages to ChatGPT is costing the company tens of millions of dollars.

“Tens of millions of dollars well spent — you never know,” Altman said on April 16 after being asked to estimate the cost on X.

Source: Sam Altman

Altman’s response sparked discussion about what drives users to interact with AI models in a polite manner.

Some AI users say they interact politely with the bots in case AI becomes sentient and starts treating people based on how they interacted with it in the past.

Source: Zvbear

Others, such as engineer Carl Youngblood, claim they’re motivated to treat the AI well for personal development:

“Treating AIs with courtesy is a moral imperative for me. I do it out of self-interest. Callousness in our daily interactions

Bitcoin whales, pundits continued to stack throughout April, data shows

The number of addresses holding more than a thousand Bitcoin has surged in April as whales continue to accumulate.

More than 60 new wallets holding over 1,000 Bitcoin (BTC) have appeared since early March, a signal of increasing whale activity.

The number of these whale wallets has increased from 2,037 in late February to hit a four-month high of 2,107 on April 15, according to Glassnode.

This has returned the metric to levels seen in two spikes in whale addresses in November and December, when crypto markets were surging following the election of US President Donald Trump.

The all-time high for Bitcoin whale addresses was in February 2021, when it came just short of 2,500.

Number of addresses with a Bitcoin balance of over 1,000 BTC. Source: Glassnode

The number of addresses holding over 100 BTC has also climbed marginally this

Debate as Solana briefly flips Ethereum in staking market cap

The Solana network briefly surpassed Ethereum in total staked value of their respective native tokens, SOL and ETH, sparking debate over whether it is actually bullish or bearish for Solana.

More than $53.9 billion worth of SOL is now staked on the Solana network from 505,938 unique wallet holders, who are making an 8.31% annualized return, blockchain data shows.

The figure briefly overtook the staked ETH market cap on April 20, which now has $53.93 billion worth of value secured from 34.7 million staked tokens, Beaconcha.in data shows.

Source: Alex Svanevik

A contributing factor behind the flippening has been SOL’s strong price performance relative to ETH over the last two years, which has seen the SOL/ETH price ratio rise

NFT project plans crowdfund purchase of Cold War nuclear bunker

A doomsday-themed Solana NFT project is looking to sell 100,000 non-fungible tokens (NFTs) to buy a Cold War-era nuclear bunker in Rutland, England.

Dead Bruv, the creators of the narrative-driven NFT project Meatbags, plan to mint 100,000 NFTs, with Meatbags holders being airdropped 10,000. The the rest will be sold off starting April 21, starting at $14 a pop, according to a post on the Meatbags X account.

Holders will gain entry into a decentralized autonomous organization (DAO), called the Billionaire Bunker Club, a “fully decentralized, community-governed real-world asset onchain,” which will vote on what happens with the bunker if the effort to buy it is successful.

Source: Meatbags

A few ideas floated by the NFT project include a “members-only survival resort with Doomsday DJ,” a location to hold end-of-the-world festivals, or “an Airbnb

Blocksquare, Vera Capital ink deal to tokenize $1B in US real estate

Ethereum-based real-world asset (RWA) tokenization platform Blocksquare has partnered with a Florida-based real estate company to offer fractional ownership in a pipeline of US commercial properties valued at over $1 billion.

Announcing the deal on April 18, Blocksquare and Vera Capital said a marketplace would launch in the coming weeks to enable global investors to buy tokenized shares in “dozens of properties” located across seven US states.

The first tokenized properties that will be up for grabs are part of Vera Group’s existing holdings, which include a three-storey office building in Fort Lauderdale and a retail plaza in Dania Beach, according to two properties listed on Vera Capital’s website.

Source: Vera Capital

“All our assets are already part of the group, so with the Vera Fund they’ve already been purchased, and they are owned by us, managed by us

Bitcoin 'breaking out' as it retakes $87K after early April slump

Bitcoin prices appear to be breaking out of an extended period of consolidation as the asset climbs to its highest level since late March.

Bitcoin (BTC) surged above $87,400 on April 21, its highest price since March 28, according to TradingView. It has climbed by more than $3,000 from an intraday low of just over $84,000 on April 20.

The asset has now gained 16% since its 2025 low of just below $75,000 on April 9, and the distance from its peak price has been reduced to 20%.

While a 2.4% daily gain is not out of the ordinary for Bitcoin, it has moved the asset to the upper bounds of a range-bound channel that began in early March.

“Bitcoin is breaking out,” while Nasdaq futures are down 1%, observed Scott Melker, aka “The Wolf Of All Streets.”

BTC/USD 4-hour

Over 13K institutions exposed to Strategy as Saylor hints at BTC buy

Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase by Strategy and said that more than 13,000 institutions now have direct exposure to the company.

The company’s most recent acquisition of 3,459 BTC, valued at over $285 million at the time of purchase, on April 14, brought Strategy’s total holdings to 531,644 BTC, valued at over $44.9 billion.

Saylor followed up on the BTC chart, which he typically posts on Sundays to signal an imminent BTC acquisition, with a breakdown of investor exposure to the company. The executive wrote in an April 20 X post:

“Based on public data as of Q1 2025, over 13,000 institutions and 814,000 retail accounts hold MSTR directly. An estimated 55 million beneficiaries have indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios.”

Strategy’s growing popularity among retail and institutional investors

Bitcoin prepares for launch from $85K, BNB, HYPE, TAO and RNDR could follow

Bitcoin (BTC) has risen roughly 1% for the week, indicating a balance between supply and demand. Analysts expect a quiet easter weekend but are divided about the next directional move in Bitcoin.

Network economist Timothy Peterson said that the US High Yield Index Effective Yield has gained over 8%. There have been 38 such instances since 2010, and Bitcoin has risen 71% of the time three months later. Bitcoin recorded a median gain of 31% and the worst loss of -16%. Based on historical data, Peterson anticipates Bitcoin to trade between $75,000 and $138,000 within 90 days.

Crypto market data daily view. Source: Coin360

Not everyone shares a bullish view. Bloomberg’s Senior Commodity Strategist Mike McGlone said in a post on X that Bitcoin and the S&P 500 Index may <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/is-bitcoin-price-going-to-crash-again"

Bitget detects irregularity in VOXEL-USDT futures, rolls back accounts

Cryptocurrency exchange Bitget discovered “abnormal trading activity” on the VOXEL/USDT perpetual futures contract on April 20, between 8:00 to 8:30 UST, and paused accounts that the exchange suspected of market manipulation.

According to an April 20 announcement from the exchange, Bitget will roll back the accounts suspected of market manipulation within 24 hours, clawing back gains made from the trades.

Bitget CEO Gracy Chen told Cointelegraph the trades were between individual market participants and not the platform itself. Chen also said that the losses are not platform-wide and that user funds remain safe.

VOXEL-USDT perpetual futures contract spikes by over 138% in a single day. Source: TradingView

The crypto exchange also plans to compensate users who suffered losses due to the alleged market manipulation and will announce a compensation plan soon, Chen confirmed to Cointelegraph. The Bitget CEO added:

“For any residual losses, Bitget