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.
Still, valued at $1.5 billion, the Bybit heist would make up more than half of the total amount of crypto stolen in 2024, ...
Ether ( ETH) price dropped 5% on Feb. 24, despite reports that crypto exchange Bybit acquired $740 million worth of ETH from ...
Crypto traders have plenty to watch this week as Ethereum’s (ETH) latest price action hints at a possible breakout, Binance Coin’s (BNB) price prediction signals potential new highs, and the BlockDAG ...
Bitcoin showed increased volatility today, reacting to the aftermath of the Bybit hack and a huge sell-off led by Ethereum ...
In a Friday meeting with the SEC’s crypto task force, industry leaders asked the regulator to fast-track all sorts of assets ...
Solaxy (SOLX), Lightchain AI (LCAI), and PepeGPT (PEPEAI). Let's explore what makes each of these projects compelling and why ...
Ben Zhou, the CEO of the recently hacked crypto exchange Bybit, suggested a possible Ethereum (ETH) rollback as a way to ...
Bybit has officially sealed the $1.5 billion Ethereum gap left by one of the largest crypto heists in history.
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