Bybit Hack: Exchanges Freeze $42 Million in Stolen Funds
- A coordinated effort led to the freezing of $42.85 million across various exchanges following a $1.5 billion hack on Bybit.
- THORChain blacklisted addresses linked to a North Korean hacking group, while Coinex provided crucial insights.
- ChangeNow froze 34 ETH ($97,000), and Avalanche restricted access to 0.38755 BTC ($37,124).
- FixedFloat froze $120,000 in USDC and USDT stablecoins; Tether also froze 181,000 USDT.
- Bybit is collaborating with Pump.fun and Solana Foundation President Lily Lui to remove malicious tokens.
Following the Bybit hack, nearly $43 million was frozen within two days due to swift actions by multiple exchanges and stablecoin issuers like Tether.
Source (2.6)https://coingape.com/bybit-hack-exchanges-freeze-42-million-from-exploit-heres-all/?rand=24432
