Oh, the drama in the crypto world! 🎭 Bybit, the blockchain hero we didn’t know we needed, has just returned a whopping $100 million worth of ETH to Bitget. That’s right, folks, 40,000 ETH flying back to its rightful owner faster than you can say “hot wallet heist.” 🏦💨
According to the digital detectives at Arkham Intelligence, Bitget has welcomed back their 40,000 Ethereum (ETH) from a Bybit cold wallet on Feb. 24, a sum that could make even the most seasoned crypto trader’s heart skip a beat. 💔🔍 And guess what? Bitget played the role of the knight in shining armor, loaning the ETH to Bybit immediately after the $1.4 billion hack. Talk about friends in high places! 👑🛡️
On-chain sleuthing reveals that Bybit shuffled the ETH from their hot wallet to a cold one before sending it off to Bitget. And they didn’t stop there! Bybit also moved a cool 47,800 ETH ($118 million) to their cold wallet pre-transfer. 🥶💰
But wait, there’s more! Earlier in the day, Bybit was spotted transferring 3,000 ETH to Binance, worth a casual $7.5 million. Just your average crypto Monday, right? 🤑🛒
At the time of this jaw-dropping revelation, Ethereum has taken a bit of a tumble, down by nearly 9% in the past 24 hours. The digital silver is currently changing hands at $2,489, and it’s been on a bit of a slippery slope, falling by 7% in the past week and a whopping 25% in the past month. 📉🎢
Bybit’s road to recovery: The Blockchain Blockbuster 🎬🔄
In a plot twist worthy of a Hollywood script, Bybit has claimed to have fully covered the $1.4 billion loss from the hack. How, you ask? A combination of whale deposits, ETH purchases, and loans from various exchanges, including Bitget. It’s like a financial Avengers assemble moment! 🦈🛒🤝
Bybit (@Bybit_Official) has received $172.5M in loans from various exchanges/institutions to manage customer withdrawals in the past 7 hours, including:
• 40,000 $ETH ($107M) from Bitget (@bitgetglobal)
• 12,652 $stETH ($33.9M) from a #MEXC’s hot wallet
• 11,800 $ETH…
— Spot On Chain (@spotonchain) February 22, 2025
A day after the hack, Bybit was practically showered with $172.5 million worth of Ethereum loans from crypto exchanges and firms. These included 40,000 ETH from Bitget, 12,652 in Lido staked ETH (STETH) from MEXC, and 11,800 ETH from Binance. It’s raining ETH, hallelujah! 🌧️💸
As Bybit starts to return these loans, it’s like watching a financial phoenix rise from the ashes. Four days post-hack, and they’re already on the mend. Bybit’s CEO even promised an audited report to prove they’re “100% 1:1 on client assets.” Transparency is the new black, darlings! 🤑🔍
Despite this speedy recovery, the Bybit hacker, rumored to be the notorious Lazarus Group, has been spotted laundering the stolen funds. Their wallets are buzzing with activity, making two to three transactions per minute. It’s like a digital game of hot potato! 🔥🥔
Read More
- Fortress Saga tier list – Ranking every hero
- Cookie Run Kingdom Town Square Vault password
- Glenn Greenwald Sex Tape Leak: Journalist Cites “Maliciously Political” Motives
- Mini Heroes Magic Throne tier list
- Grimguard Tactics tier list – Ranking the main classes
- Castle Duels tier list – Best Legendary and Epic cards
- How to Prepare and Dominate the Awakened Hollyberry Cookie Update
- Overwatch Stadium Tier List: All Heroes Ranked
- Hero Tale best builds – One for melee, one for ranged characters
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
2025-02-25 10:15