Bybit Closes 'ETH Gap' as Exchange Replenishes $1.4B Hole After Hack
Bybit has returned to a 1:1 backing of client assets and has fully closed the “ETH gap” it faced after an unprecedented $1.4 billion hack hit the exchange. Address activity suggests more than $400 million were purchased through over-the-counter trading, with another $300 million brought directly from exchanges.
Bybit CEO Ben Zhou confirmed in an X post on Monday that the exchange has 100% closed the reserve gap from its hack on Friday ...
The recent Bybit ETH hack was expected to rattle ETH’s market structure, but the altcoin has somewhat held its own in the ...
Bybit has officially filled the $1.4 billion hole left by one of the biggest crypto hacks in history. CEO Ben Zhou announced ...
The Best Wallet presale hit $10.5 million, extending a streak of surging investment as the Bybit hack underscored the need ...
The cryptocurrency community is divided over the root cause of the Bybit hack, with Bitcoin advocates attributing it to the ...
Infini, a stablecoin neobank, reportedly suffered an exploit that resulted in a loss of $49.5 million. According to ...
Bybit was exploited for over $1.4 billion Friday, rocking the crypto industry to the core, as it easily became the largest ...
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Ethereum Under Pressure – Bybit Replenishes $1.23B ETH Reserves, Stolen Funds May Head to MixersEthereum (ETH) fell over 4% on Monday despite showing weekend resilience, as fallout from Bybit’s record $1.5 billion hack ...
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