Bybit Hacked, LIBRA Token Panic, and ETF Developments
- Bybit exchange was hacked by the North Korean group ‘The Lazarus Group’, losing $1.4 billion in Ethereum.
- The crypto market saw $566 million liquidated in a day due to panic selling.
- BTC closed the week at approximately $96K; ETH was near $2,800.
- Argentinian President Javier Milei endorsed the LIBRA token, which crashed over 90% amid insider cash-outs.
- Canary Capital’s Litecoin ETF appeared on DTCC, while Grayscale’s XRP ETF entered U.S. SEC review.
This week highlighted significant events such as Bybit’s $1.4 billion hack and a sharp decline in LIBRA token value due to insider actions, impacting investor sentiment across the crypto market.
Source (2.6)https://coingape.com/crypto-highlights-this-week-bybit-hacked-btc-stagnant-ltc-etf-advances/?rand=24432
