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.
North Korea is behind the massive crypto hack, according to several blockchain monitoring firms and a well-known researcher © 2024 TechCrunch. All rights reserved. For personal use only.
The crypto industry started its Friday in a jubilant mood, with Coinbase Global Inc.’s announcement that US securities ...
Bybit CEO Ben Zhou is considering all possible options to recover the $1.4 billion stolen in the largest crypto hack in ...
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Crypto Market Recap: Bybit Suffers Historic US$1.5B Hack, SEC Clears OpenSea, RobinhoodHere's a quick recap of the crypto landscape for Friday (February 24) as of 9:00 a.m. UTC. Bitcoin and Ethereum price update ...
Dogecoin price watchers flinched as the crypto market tanked following Bybit’s $1.44 billion ETH hack1, 2025. Bitcoin dipped ...
North Korean hacker Park Jin Hyok, linked to the Lazarus Group, allegedly stole $1.5 billion in Ethereum from Bybit. Learn ...
The cryptocurrency community is divided over the root cause of the Bybit hack, with Bitcoin advocates attributing it to the ...
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