Summary
- Miranda Ventures has reportedly deposited $600 million worth of Ethereum to support Bybit.
- To address the hacking incident, Miranda Ventures reportedly sold $500 million worth of Bitcoin and $100 million worth of Tether (USDT).
- Miranda Ventures was reported to be the institution that deposited the largest amount of Ethereum to Bybit.
Amid a hacking incident at cryptocurrency exchange Bybit, many crypto industry players have been confirmed to have provided assistance in resolving the situation. Among them, global Web3 investment firm Mirana Ventures has reportedly provided substantial support worth $600 million.
On the 26th, Arkham Intelligence reported via X (Twitter) that "Mirana Ventures has deposited approximately $600 million worth of Ethereum to Bybit over three days following the hacking incident," adding that "they are the institution that has deposited the largest amount of Ethereum."
They further explained, "It is estimated that Mirana Ventures sold $500 million worth of Bitcoin and $100 million worth of Tether (USDT) through FalconX and Galaxy Digital to secure these funds."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
