Paradigm taps ZachXBT as adviser

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So, guess what? Venture capital firm Paradigm has decided to bring in the big guns—onchain cybersecurity analyst ZachXBT! 🎉 Yes, the very same ZachXBT who’s practically a superhero in the crypto world, as announced by co-founder and managing partner, Matt Huang, in a post on the X platform. Because, you know, who doesn’t want a superhero on their team?

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Historic hack

On Feb. 21, the infamous Lazarus Group, a hacking operation that sounds like it’s straight out of a spy movie, managed to swipe $1.4 billion worth of liquid staked Ether (STETH) from Bybit. Talk about a heist! 💰

Bybit’s losses are equivalent to more than 60% of all crypto funds stolen last year. But don’t worry, they quickly replenished users’ crypto assets and kept the lights on. No drama here, folks!

Since 2021, our hero ZachXBT has been on a mission, conducting investigations into blockchain scams and helping recover around $350 million for victims. That’s right, he’s basically the Robin Hood of crypto! 🦸‍♂️

In February, he revealed that the Lazarus Group, the prime suspect behind the Bybit hack, might also be linked to some recent Solana memecoin scams. Rug pulls? More like rug “oops, I did it again!”

And just when you thought it couldn’t get crazier, he also found out that the same wallets involved in the Bybit hack were behind the $29 million Phemex hack in January. It’s like a soap opera, but with more zeros!

Paradigm is no small fry either; they invest between $1 million and $100 million in Web3 startups. With a portfolio worth over $2 billion, they’re basically the cool kids on the block. Their investments include Coinbase, Uniswap, and Optimism, among others. So, yeah, they’re kind of a big deal.

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2025-02-26 20:52