Ladies and gentlemen, gather ’round for a thrilling tale of crypto theft that will leave you speechless! A certain Bybit, a digital exchange of some repute, has been relieved of a staggering $1.4 billion. Oh, what a merry dance the hackers led, as they scattered the loot into over 40 wallets!
But, dear reader, do not despair! Let us embark on a journey to uncover the mysteries of this on-chain caper, as we follow the trail of the elusive hacker through the looking glass of Nansen, a multi-chain AI analytics platform.
What did the cunning hackers abscond with?
An impressive sum, indeed! A cool $1.44 billion, as per Nansen’s estimations. The nefarious bandits pilfered 401,347 ETH, worth approximately $1.12 billion, and another $320 million in staked ETH tokens. Among the plunder, they secured 90,376 Lido staked ETH (stETH), 15,000 Mantle restaked ETH (cmETH), and 8,000 Mantle staked ETH (mETH).
The grand game of wallet hopping!
Our elusive hacker, or hackers, as it were, began their escapade with wallet 0x47666fab8bd0ac7003bce3f5c3585383f09486e2. After executing their ingenious scheme, they quickly set about dividing the spoils, converting stETH, cmETH, and mETH tokens into Ether, and offloading them in chunks of $27 million. The ill-gotten gains were then distributed across more than 40 wallets, with most of them still holding the purloined ETH.
Crypto’s reaction to the Bybit ballet of theft!
Alas, the crypto market has taken a hit, with the total market cap dipping more than 4% and most altcoins following suit. Ethereum has suffered a decline of over 4%, while Bitcoin has slipped nearly 3%, both trading around $95,500 and $2,630, respectively. But, as they say, every cloud has a silver lining! Some analysts speculate that the hacker’s inability to cash out via stablecoins may have just removed a $1.4 billion worth of selling pressure from ETH. A curious twist, wouldn’t you say?
And so, dear reader, our thrilling tale of crypto theft comes to a close. But rest assured, the world of blockchain is never short of intrigue and excitement!
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2025-02-21 23:24