Bybit Covers $1.46bn Hack Loss with Loans, Whale Deposits, and Ethereum Purchases

In an extraordinary move to recover from one of the largest cryptocurrency heists in history, Bybit has successfully covered its $1.46 billion loss through a mix of loans, large investor deposits, and aggressive Ethereum (ETH) purchases. In an X post on Monday, blockchain analytics firm Lookonchain revealed that Bybit secured a total of 446,870 ETH—valued [...]The post Bybit Covers $1.46bn Hack Loss with Loans, Whale Deposits, and Ethereum Purchases appeared first on Tekedia.

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