February 23, 2025
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Ether Price Spikes Further on Reports of Bybit Starting to Buy Eth

The Rise Comes Amid Reports That Bybit Has Allocated 100 Million USDT to A New Wallet to Buy The Cryptocurrency.”, – WRITE: www.coindesk.com

The Rise Comes Amid Reports That Bybit Has Allocated 100 Million USDT to A New Wallet to Buy The Cryptocurrency. Feb 22, 2025, 4:26 PM UTC

The Price of the World’s Second-Largest Cryptocurrency, ETH (ETH), Has Risen by More than 2.3% in the Last 24 Hours, While The Broader Coindesk 20 Index Has Risen by Bitcoin is Down AROUND 0.3%.

The Rise Comes Amid Reports That Bybit, The Cryptocurrency Exchange That Was Hacked For $ 1.5 Billion Wrtho of Ether and Staked Eth by North Korean Hacing Group Lazarus, Has MOVED 100 MILLION 100 MILLION Half of That Into Addresses to Purchase 36,900 ETH Over-The-Counter.

The Funds, Worth AROUND $ 101 Million, Were Ten Moved to Addresses Tagged As Banguage to the Cryptocurrency Exchange, Crypto Journalist Colin Wu Reported, City.

Bybit’s CEO Ben Zhou Reportedly Said in An “Ask Me Anything” session that company’s assets are “Far Greater than $ 1.5 Billion Access to the Same Source.

Bybit’s Hacker Is Now Holdings An Estimated 489,000 ETH VALUED AT APROXIMATELY $ 1.34 Billion, AROUND 0.4% of Ether’s Total Supple, Which Makes Its.

The addresses associated with the hacker are now close monitored in the Space and are blacklisted by Majoor Cryptocurrency Exchanges.

“The Stolen Funds Have Already Been Marked, Making It Extremely Diflicult for the Hacker to Use Them. Any Attempt to Transfer Tese Funds to A Majoor Exchange would result in an immediate block, ”Stealthex ceo Maria Carola Told Coindesk.

Since The Hacker May Not Be Able to Use The Funds in Any Way, Some Analysts Are Suggesting That 0.4% of the Eth Supply It Holds Is “Essentally Gone.”

Francisco RodriguesFrancisco is a reporter for coindesk with a passion for Cryptocurrencies and Personal Finance. Before joining coindesk he worked at Major Financial and Crypto Publications. He OWNS BITCOIN, Ether, Solana, and Paxg Above Coindesk’s $ 1,000 Disclosure Thrasld.

Francisco Rodrigues

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