Summary
- Bybit hackers have reportedly sold 50,700 of the total 401,347 Ethereum (ETH) stolen.
- The Ethereum is being sold primarily through swaps into other cryptocurrencies like DAI and Bitcoin (BTC).
- Bybit is accumulating 157,600 Ethereum through its affiliates to recover from the hack damage.
Last week, a major incident occurred at global cryptocurrency exchange Bybit where a total of 401,347 Ethereum (ETH) was stolen. The hackers are reportedly now selling the stolen Ethereum.
According to crypto on-chain analysis account EMBER CN on the 24th, Bybit hackers have sold a total of 50,700 Ethereum (approximately $145 million) so far. The sales were executed through swaps into other cryptocurrencies such as DAI or Bitcoin (BTC).
Meanwhile, Bybit, which suffered the hack, has begun recovering its volume. Over the past two days, a total of 157,600 Ethereum has been accumulated through addresses belonging to Bybit or its affiliates.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
