š Quick Update: Bybit's ETH Reserves Rebound to 160K After Major Hack
š„ Significant Recovery After Massive Hack: Following a major hack that severely impacted Bybit, the exchangeās Ethereum (ETH) reserves plummeted from 443,691 ETH to just 63,807 #ETH.
šŖ ETH Reserves Rebound: According to the latest report from CryptoQuant, Bybit has made notable progress, with ETH reserves recovering to 160,000 ETH. This rebound highlights Bybit's efforts to regain market trust.
šÆ Hacker Activity Update: The suspected Lazarus Group has transferred 10,000 ETH (worth $27 million) into the "Bybit Exploiter 54" wallet, initiating the laundering process. Currently, the hackers control:
489,395 ETH (approximately $1.32 billion) 15,000 cmETH (non-withdrawable) across 53 different wallets. Read more: https://coincu.com/323785-bybit-eth-reserves-rebound-to-160k/ #ByBithacked #ByBithacked #bybithacknews #bybitsecurity
š¢ Hot Recap: Bybit Faces Major Shock After Historic Hack
š„ Biggest crypto hack ever: Bybit was attacked, losing $1.5 billion, mostly in Ethereum. š„ How it happened: Hackers exploited a vulnerability in wallet-to-wallet transfers. ā” Severe consequences: Panic withdrawals surged to $5.5 billion, triggering a "bank run." šŖ Bybitās response: The exchange had to borrow funds and collaborate with experts to track and recover stolen assets. šÆ Prime suspect: Lazarus Group (linked to North Korea) is suspected of being behind the attack.