Title: The Bybit Heist â A Billion-Dollar Blow or a Crypto Comeback?
đš Biggest Crypto Hack in History? đš
Bybit just witnessed what might be the largest crypto heist ever â a staggering $1.46 billion stolen from its Ethereum wallet. Yet, instead of complete market chaos, something unusual happened: Ethereumâs price climbed 5.38%.
đč Bybitâs Response: Instead of pointing fingers, they launched a 10% bounty for white hat hackers and swiftly bought back 106,498 ETH through OTC trades.
đč Lazarus Group Suspected: Blockchain sleuths linked the attack to the notorious North Korean hacking collective.
đč SECâs Sudden Shift: Meanwhile, the SEC dropped its lawsuit against OpenSea, raising eyebrows in the regulatory space.
So, what does this mean for crypto? Resilience or risk?
đŹ Letâs discuss â Is this a turning point for security in crypto exchanges?
Disclaimer: This post is for informational purposes only and does not constitute financial or investment advice. Always conduct your own research before making any investment decisions.
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