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.
While Bitcoin (BTC) edges closer to its Feb. 3 low of $91,300, Ether (ETH) remains considerably above its $2,080 monthly low.
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 ...
Ben Zhou, the CEO of the recently hacked crypto exchange Bybit, suggested a possible Ethereum (ETH) rollback as a way to ...
Ether ( ETH) price dropped 5% on Feb. 24, despite reports that crypto exchange Bybit acquired $740 million worth of ETH from ...
Bitcoin showed increased volatility today, reacting to the aftermath of the Bybit hack and a huge sell-off led by Ethereum ...
Solaxy (SOLX), Lightchain AI (LCAI), and PepeGPT (PEPEAI). Let's explore what makes each of these projects compelling and why ...
Inflows to spot Ethereum (ETH) exchange-traded funds (ETFs) are growing as investors rotate money out of Bitcoin ...
Bybit has officially sealed the $1.5 billion Ethereum gap left by one of the largest crypto heists in history.
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