Bybit’s $1.4B crypto hack could be an angel in disguise for Ethereum
Bybit’s $1.4 billion hack, the largest in crypto history, might have unexpected implications for Ethereum. As the exchange moves to recover, could this be a bullish catalyst for ETH? Ether has time and time again failed to reach the new high’s the market has longed for after a new crypto-friendly administration under President Trump,
Bybit faces US$5.5 billion in outflows after US$1.5 billion hack, sparking debate over blockchain security and governance ...
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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 ...
Bybit has officially filled the $1.4 billion hole left by one of the biggest crypto hacks in history. CEO Ben Zhou announced ...
The exchange reportedly replenished the Ethereum deficit through a combination of loans, whale deposits, and direct purchases ...
The cryptocurrency exchange Bybit has been left reeling after a $1.5 billion raid that is thought to be the biggest single ...
Ben Zhou, Bybit's CEO, said that the hack had affected around 401,000 Ethereum and sparked a surge in withdrawal requests.
The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to ...
A full audit of all relevant wallets containing 40 asset types, by way of proof of liabilities and ownership, verified that Bybit possesses sufficient reserves to cover user assets 1:1 across the ...
Cryptocurrency exchange Bybit has experienced total outflows exceeding $5.5 billion after suffering a $1.4 billion security ...
British blockchain analytics firm Elliptic, which traced the stolen crypto, said North Korea's Lazarus Group was behind the ...
Bybit CEO Ben Zhou confirmed the incident, stating that the exchange’s ETH cold wallet was compromised due to a sophisticated ...
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Ben Zhou, CEO: Bybit is solvent, will cover all claims despite a growing withdrawal queueBybit will repay all users, though some of the lost Ethereum (ETH) may be secured via a bridge loan for short-term claims.
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