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.
Overall, the crypto community is reassured by Bybit’s ability to manage over $6 billion in withdrawals following the hack.
Bybit CEO Ben Zhou said the crypto was taken from a "cold wallet" - a digital wallet usually stored offline and so ...
The Best Wallet presale hit $10.5 million, extending a streak of surging investment as the Bybit hack underscored the need ...
Bybit CEO Ben Zhou is considering all possible options to recover the $1.4 billion stolen in the largest crypto hack in ...
The cryptocurrency community is divided over the root cause of the Bybit hack, with Bitcoin advocates attributing it to the ...
In what is dubbed the largest crypto heist in history, Dubai-based cryptocurrency exchange Bybit got hacked. Per the company, ...
North Korean hackers have begun laundering $140 million of the $1.46 billion stolen from Bybit through anonymous exchanges ...
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Crypto Payment Firms and OTC Desks Brace for Fallout as Stolen Bybit Funds Move Through the MarketCrypto payment firms and OTC desks are ready to freeze stolen Bybit funds. Various entities froze a total of $42.5 million.
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