Ah, the Bybit hacker! A veritable magician of mischief, having artfully laundered a staggering 100,000 ETH— a neat pocketful of approximately $250 million—merely four sunrises after perpetrating the grandest cryptocurrency caper known to our delightful digital age. 🕵️♂️✨
Breathless proclamations from our esteemed blockchain oracle, Spot On Chain, reveal that this audacious scallywag, who pilfered 499,000 Ethereum (ETH) from Bybit’s chilly cold wallet, has been meticulously parceling those ill-gotten gains, whisking them through a labyrinth of addresses—like a secret agent in a spy novel, or perhaps just a digital scrooge splitting his treasures. 💰😏
This clever knave has taken to utilizing THORChain (RUNE) to orchestrate cross-chain swaps, making merry with Bitcoin (BTC), Dai (DAI), and other delightful morsels of currency. As if it weren’t enough, he retains a whopping 399,000 ETH! Why, that amount eclipses the holdings of both the Ethereum Foundation and Vitalik Buterin himself, as if he’s taken a magic wand to wealth! 😜
🚨 100,000 $ETH (~$250M) has been laundered by #Bybit hacker in under 4 days!
The hacker has now washed 20% of the stolen 499K $ETH, actively splitting funds into smaller amounts across multiple addresses and using THORChain for cross-chain swaps into $BTC, $DAI, and other…
— Spot On Chain (@spotonchain) February 25, 2025
Meanwhile, in a plot twist worthy of a melodrama, Bybit, like a phoenix, has repaid the 40,000 ETH kindly loaned to it by Bitget post-heist. Bitget’s esteemed CEO took to the virtual stage on February 25 to confirm this repayment, proclaiming it a gesture of camaraderie among industry players—no interest, no collateral! A heartwarming moment reminiscent of an old friendship rekindled. 🥳
Confirmed that the 40,000 #ETH loaned to #Bybit has been returned to #Bitget. No interest, no collateral—this was simply about supporting a peer in need. Great to see Bybit fully recovered, and we never doubted the return of the loan.
This incident showcased the strength and…
— Gracy Chen @Bitget (@GracyBitget) February 25, 2025
As previously detailed by Crypto.news on the fateful day of February 18, Bybit has gracefully (and, dare I say, impressively) covered all perceived losses stemming from this escapade! Our intrepid CEO, Ben Zhou, has reassured the community that trust is being rebuilt, the damages compensated—much like a benevolent despot distributing gold to his loyal subjects! Bybit’s proof-of-reserves audit (published draped in the glory of February 24) unambiguously displayed the sturdiness of its coffers. 🏰
In an effort to curate stability, the exchange indulged in ETH purchases, solicited loans from bridge partners, and welcomed substantial deposits from the mighty whales of the crypto sea. According to the insightful sages at Bitfinex, Bybit’s proactive buying may help stave off the rolling thunder of selling pressure which could lift ETH’s languid spirits. 🐋✨
Despite these gallant maneuvers, Ethereum seems entrapped in a correction phase—a rather tragic tale! ETH is currently trading at $2,489, having witnessed a disheartening dip of about 9% in the last twenty-four hours. The looming shadows of macroeconomic uncertainty and a faltering market momentum have painted a melancholy portrait for our dear ETH. 😢
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2025-02-25 11:39