Bybit swiftly repays 40,000 Ethereum loan as hacker launders $250 million

Bybit has returned the 40,000 Ethereum loan, valued at roughly $99.98 million, obtained from Bitget following the recent $1.4 billion security incident. Blockchain analysis platform Lookonchain rep...

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Bybit swiftly repays 40,000 Ethereum loan as hacker launders $250 million

Source: CryptoSlate

Bybit has returned the 40,000 Ethereum loan, valued at roughly $99.98 million, obtained from Bitget following the recent $1.4 billion security incident. Blockchain analysis platform Lookonchain reported that the repayment occurred on Feb. 24, with Bybit transferring the funds from its cold wallet back to Bitget. On Feb. 25, Bitget CEO Gracy Chen confirmed the […]