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Why do hackers target ETH instead of BTC? In-depth analysis of the Bybit theft incident
Speculated reasons for the theft of ETH from Bybit:
Combining the Bybit theft incident with industry background, the true reasons hackers chose ETH over BTC may be closer to the following points:
Asset Distribution and Opportunity Cost
Exchanges' hot wallets usually store multiple assets, but due to ETH's high liquidity in DeFi and trading pairs, it often has a larger share. Hackers might have discovered that based on Bybit's asset allocation, ETH is easier to obtain or more abundant, while BTC’s storage may be more dispersed or better protected.
Convenience of Attack Path
The Bybit theft may stem from internal system vulnerabilities (such as API key leaks or employee phishing attacks) rather than on-chain technical differences. When hackers attack, they often choose the point that is “easiest to breach.” If there are oversights in the management of ETH’s hot wallet, or if ETH-related accounts are easier to infiltrate, they naturally become the primary target.
Washing and Cashing Efficiency
The mixing tools and decentralized exchanges (DEX) in the ETH ecosystem provide hackers with quick channels for washing and cashing out. In contrast, cashing out BTC may require more over-the-counter (OTC) transactions, increasing time and exposure risks. Hackers pursue efficiency, and ETH clearly has an advantage.
Market Sentiment and Concealment
The impact of the theft of ETH on the market may not be as severe as that of BTC. BTC, as a “barometer,” may trigger greater panic and regulatory attention if stolen, while ETH’s fluctuations are relatively easier for the market to digest. Hackers may deliberately avoid BTC to reduce subsequent tracing pressure.
Technical Irrelevance, Strategy First
The hackers' decisions are not necessarily based on the underlying technical differences between ETH and BTC, but rather on more pragmatic strategic considerations: which asset is easier to steal, quicker to wash, and more discreet to move. The theft of ETH from Bybit may simply be the result of what was “easiest to grab,” rather than an inevitable technical vulnerability.
In simple terms, hackers are like “smart thieves,” they go where the doors are not locked, and where the loot is easy to take!
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Bybit platform has been hacked and initial reports indicate that $1.4B billion in Ether was stolen Negative news for the market.. Don't forget to follow me to get all the latest $ETH #BinanceAlphaAlert
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AltcoinRevolution2028 is gaining traction 📈 in discussions about the future of cryptocurrencies.
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#TariffHODL Did Trump Kill the Bull Market with US Tariffs? The world woke up on January 31 to Trump's announcement of his intention to impose tariffs on China, Canada, and Mexico, and to implement these tariffs starting in February. Indeed, after the US tariffs were applied to Mexico and Canada at 25% and to China at 10%, this led to panic and panic in the crypto market that we have not seen since the day the Japanese yen's carry trade collapsed in August. Did Trump kill the bull market with this move? Or are the whales taking advantage of this decline to control the market and buy more currencies? Let's find out more! In this article Trump's US tariff policy? What is the impact of imposing tariffs on the global economy? The impact of US tariff decisions on the crypto market
Is this the end of the crypto market?
Support areas play an important role Trump's US tariff policy? Since Trump took office in 2016 in the United States, he has been a supporter of the idea of imposing customs duties on goods imported from outside the United States in order to encourage domestic industry. He wants to force foreign countries to open factories in the United States and manufacture inside America.In this way it reduces unemployment rates.