Bybit Closes 'ETH Gap' as Exchange Replenishes $1.4B Hole After Hack
Bybit has returned to a 1:1 backing of client assets and has fully closed the “ETH gap” it faced after an unprecedented $1.4 billion hack hit the exchange. Address activity suggests more than $400 million were purchased through over-the-counter trading, with another $300 million brought directly from exchanges.
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Bybit exchange repays 40,000 ETH post-hack loan from BitgetOn-chain data highlighted that Bybit exchange transferred 40,000 Ethereum worth approximately $100 million back to Bitget.
Ether (ETH) price dropped 5% on Feb. 24, despite reports that crypto exchange Bybit acquired $740 million worth of ETH from ...
The Lazarus Group has laundered stolen crypto from last week's record-shattering Bybit hack through the exchange eXch, ...
Overall, the crypto community is reassured by Bybit’s ability to manage over $6 billion in withdrawals following the hack.
Copper noted that the digital assets industry witnessed one of the largest centralized exchange security breaches in history, ...
Bybit CEO Ben Zhou hints at launching a new recovery tool to help the industry track and reclaim stolen funds. Hackers behind ...
Chainflip announced the 1.7.10 upgrade will be ready for testing and deployment in 24-72 hours. The cross-chain AMM says the ...
Leading cryptocurrencies corrected sharply on Monday as the Bybit hack and President Donald Trump’s tariff threat weighed on ...
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