Crypto Prices Dip After $1.5 Billion Theft From Bybit Exchange
Bitcoin and Ether prices dipped, while smaller tokens saw worse losses, as traders reacted to an almost $1.5 billion hack of the Bybit exchange that analysts say was the largest crypto theft ever.
Bitcoin reversed an earlier gain of as much as 1.4% on the day to fall 2.1% and trade at about $96,057 at 2:32 p.m. Friday in New York. Ether — the token that was stolen in the Bybit hack — slid more than 7% from its high of the day and was trading at about $2,650. The two largest cryptocurrencies remained within the ranges in which they’ve traded for most of this month. Smaller altcoins such as XRP, Solana and Dogecoin posted deeper slumps.
