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.
Bybit has fallen victim today to one of the largest crypto hacks ever recorded, with hackers reportedly stealing over $1.4 ...
Bybit wasted no time in repaying the 40,000 Ether loan it borrowed from Bitget. This allowed Bybit to settle the $104 million debt within three ...
Ether ( ETH) price dropped 5% on Feb. 24, despite reports that crypto exchange Bybit acquired $740 million worth of ETH from ...
The Best Wallet presale hit $10.5 million, extending a streak of surging investment as the Bybit hack underscored the need ...
Over 405,000 ETH, valued at approximately $1.1 billion, were drained from the exchange and subsequently dispersed across ...
Ben Zhou, the CEO of the recently hacked crypto exchange Bybit, suggested a possible Ethereum (ETH) rollback as a way to ...
Bybit CEO Ben Zhou hints at launching a new recovery tool to help the industry track and reclaim stolen funds. Hackers behind ...
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