The Daily Gwei - An Ethereum Podcast SEC dismisses Coinbase lawsuit, ByBit hack and more - The Daily Gwei Refuel #828 - Ethereum Updates
Feb 24, 2025
The SEC's recent dismissal of the lawsuit against Coinbase hints at a brighter future for crypto regulation. The catastrophic $1.5 billion hack of Bybit by a North Korean group raises alarms about security in the crypto world. Discover promising advancements aimed at enhancing interoperability among Ethereum's Layer 2 solutions and innovative wallet integrations. Plus, a new dashboard to monitor Ethereum slots offers valuable insights into blockchain structure and validator roles.
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SEC Dismissal Positive for Crypto
- The SEC dismissing Coinbase's lawsuit signals a positive shift for crypto.
- US-based crypto businesses now have less regulatory fear.
Bybit Hack
- North Korean hackers stole $1.5 billion in ETH from Bybit in history's biggest CEX hack.
- They exploited multi-sig vulnerabilities, not Ethereum protocol flaws.
Ethereum Rollback Infeasible
- Calls to roll back Ethereum after Bybit hack are technically and socially infeasible.
- A rollback is distinct from the DAO hard fork and Bitcoin's 2010 rollback.