What Happened in the market was very bad and is still affecting us all till this moment. Here are the points that we will talk in this article which you SHOULD ALL READ.

📍Ethereum will drop a lot in the coming 7 days.

📍Vitalik Buterin might fork $ETH as a last resort soon.

📍Scammers stole over $1.5B in ETH and destroyed the ecosystem.

Here is a full breakdown and what you need to do now:

1/ Market Check:

The last month hit crypto market hard. $BTC is still having trouble staying above the $96,200 resistance level.

The recent drop in prices was caused by crypto fraud, where hackers took advantage of ByBit to steal $1.5 billion in ETH

2/ Fraud Details:

On 21 February 2025, 400k ETH have been transferred from ByBit cold wallet to scammers.

Bybit founder stated that they experienced massive withdrawals due to the $1.4 billion ETH hack.

A huge scammer group was able to dodge through ByBit security measures.

3/ Lazarus Group:

This is the head of the notorious scammer organization. They hacked Sony Pictures, and stole money from Bangladesh’s central bank

3 days ago they made a significant score and vanished over 1,5 Billion from ByBit.

4/ Bybit's Reward Offer:

Bybit has offered a reward of $150 million for the return of the stolen ETH.

However, the hackers have started selling the stolen ETH through different exchanges.

Hackers are likely based in North Korea so they do are not afraid of investigation.

5/ Consequences:

Along with ETH price drop, market responded with same reaction.

Top 100 Altcoins lost over 10% of price, while long position liquidations created a figure of $1+ Billion.

This is the second time we see such negative news during this month.

6/ Ethereum Overview:

ETH has now returned to a stable price below $2,800.

A key level to watch is $2730, and if ETH can break above that, it could signal further gains.

On-chain data shows smart money is buying, which is something to keep an eye on.

7/ Ethereum Fork:

Buterin has been offered to fork Ethereum just as it happened with Ethereum Classic.

In fact, this is the only solution that will lead to the ETH price surge.

However, there has been no comment from Buterin about this yet.

8/ Possible Hacker Moves:

▸ If the hacker sells ETH in small amounts, we will just stay in a range.

▸ If the hacker starts dumping ETH quickly, the entire market will crash along with Ethereum, as there are no strong buyers at the moment.

This is why you have to be ready.

9/ Facts Check:

▸ Ethereum's price will continue dropping as there are no reasons for growth without positive news.

▸ The hackers currently hold more ETH than Vitalik Buterin and the Ethereum Foundation combined.

Using this advantage they will have a huge impact on market.

10/ Future Outlook:

Ethereum has always been a very important crypto asset.

A lot of altcoins price depends on ETH situation so the most recent hack might impact the market overall.

To stop crashing we need to hear VERY strong news from Vitalink Buterin or Donald Trump.

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Finally Trade Safe and Smart🥂