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.
According to Bybit's holdings, that amounts to $1.5 billion in cryptocurrency that was stolen from Bybit and its customers, ...
Investigation revealed that BingX, & Phemex hacks were also connected to the same cluster as Bybit's, confirming the threat ...
Ben Zhou, the CEO of the recently hacked crypto exchange Bybit, suggested a possible Ethereum (ETH) rollback as a way to ...
Ether ( ETH) price dropped 5% on Feb. 24, despite reports that crypto exchange Bybit acquired $740 million worth of ETH from ...
The Singapore-based crypto exchange Bybit is offering a large bounty for information that could lead to the recovery of the ...
The Best Wallet presale hit $10.5 million, extending a streak of surging investment as the Bybit hack underscored the need ...
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Ethereum Under Pressure – Bybit Replenishes $1.23B ETH Reserves, Stolen Funds May Head to MixersEthereum (ETH) fell over 4% on Monday despite showing weekend resilience, as fallout from Bybit’s record $1.5 billion hack ...
Overall, the crypto community is reassured by Bybit’s ability to manage over $6 billion in withdrawals following the hack.
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