Bybit’s Ethereum Reserves Recovering After $1.4 Billion Hack
- Bybit experienced a $1.4 billion hack involving its Ethereum (ETH) cold wallet.
- The exchange has seen inflows of over $390 million in ETH since the incident.
- Positive net flows amount to 139,000 ETH post-hack.
- Loans and deposits include 145,879 ETH from various sources.
- Significant contributions came from Binance (47,800 ETH), Bitget (40,000 ETH), and MEXC (12,652 stETH).
- Bybit also purchased $197 million worth of ETH through over-the-counter transactions.
Following a significant security breach, Bybit’s Ethereum reserves are recovering with substantial inflows and support from other digital asset firms and crypto whales. The exchange has managed to secure loans and deposits totaling over $390 million in ETH.
Source (2.6)https://dailyhodl.com/2025/02/24/bybit-ethereum-eth-reserves-steadily-recovering-following-massive-hack-according-to-cryptoquant/?rand=59076
