#MarketNews With Bybit securing the lost ETH, buying pressure in the market has eased. This has led to a decline in Ethereum’s price, which dropped from $2,800 to around $2,700 as the artificial demand subsided.

Meanwhile, Bybit is actively tracking the stolen funds, which are believed to be in the hands of North Korea’s Lazarus Group. Blockchain analysts predict that the hackers may use Bitcoin mixers to further conceal the stolen assets.

Bybit’s upcoming audit will be crucial in restoring investor confidence, proving that the exchange remains solvent despite the attack. The crypto community has praised Bybit’s quick response, preventing a liquidity crisis and keeping the platform operational.