Bybit Reports Theft Incident and Collaborates With Authorities

According to BlockBeats, on February 22, Bybit announced on social media that it has reported a recent theft incident to the relevant authorities. The company assured that any further information will be promptly communicated. Bybit has also engaged in swift and extensive collaboration with on-chain analysis providers to identify all involved addresses. These efforts aim to reduce and combat the ability of malicious actors to dispose of and sell ETH through legitimate markets, thereby narrowing the available channels for disposal.