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.
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Bybit Returns 40,000 ETH Loan in Just Three DaysBybit wasted no time in repaying the 40,000 Ether loan it borrowed from Bitget. This allowed Bybit to settle the $104 million ...
According to Bybit's holdings, that amounts to $1.5 billion in cryptocurrency that was stolen from Bybit and its customers, ...
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