Ah, dear audience! Gather ’round as we unveil a tale most curious! Bybit, that noble exchange, hath received a princely sum of $600 million in Ethereum (ETH) from the illustrious Mirana Ventures, all in a valiant effort to rise from the ashes of a most grievous $1.5 billion hack! Such misfortune, one might say, is the stuff of tragicomedy! 🎭
Lo and behold! The data, as revealed by the wise sages of Arkham Intelligence, doth show that Mirana Ventures procured this treasure through the cunning art of BTC and USDT market transactions, executed with the finesse of a master juggler by FalconX, Galaxy Digital, and Wintermute OTC. Bybit, in its moment of peril, hath fortified its coffers, resolving its liquidity woes with a flourish! 💰
“BYBIT HACK UPDATE: $600M OUT OF $1.5B ETH BOUGHT AND SENT TO BYBIT
$600M of ETH hath been deposited to Bybit in the past 3 days by Mirana Ventures – making them the largest ETH depositor after the hack.
Mirana Ventures appears to have acquired this ETH by selling $500M BTC and…”
— Arkham (@arkham) February 25, 2025
But wait! Bybit, ever the prudent player, had secured a bridge loan before the calamity struck, ensuring that withdrawals could still flow like a gentle stream. With the influx of ETH, the clamoring for withdrawals did diminish, as users, emboldened by this act of generosity, began to trust once more! 🏦
Yet, lurking in the shadows, the nefarious Lazarus Group from North Korea stands accused of this dastardly deed! With their advanced malware, they did breach Bybit’s defenses, complicating the noble quest to reclaim the stolen riches. Fear not, for the valiant security teams remain steadfast in their pursuit of justice! 🕵️♂️
In a display of fortitude, Bybit hath taken further measures to bolster its security protocols, ensuring that future attacks shall be thwarted! The exchange, with great haste, conducted OTC deals and institutional loans, recovering nearly $700 million worth of ETH within a mere 48 hours! CEO Ben Zhou, like a gallant knight, hath assured users that Bybit now boasts full 1:1 client asset backing and hath returned to its regular operations! ⚔️
Thus, Mirana Ventures hath joined forces with Bybit, restoring stability to the exchange after this monumental hack. Users now trade with renewed confidence, for the latest ETH infusion hath rekindled the flames of trust! 🔥
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2025-02-26 12:38