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Crypto Exchanges Start to Fill Bybit's $1.4B Hole as Hackers Move Stolen Funds

Summary by Coin Desk
Crypto exchange Bitget has transferred 40,000 ether (ETH), worth $105 million, to Bybit, offering crucial support to its industry counterpart in the wake of the over billion-dollar hack suffered by the exchange. The funds transferred are from Bitget’s own reserves, not user deposits, which remain securely stored on the platform and can be cross checked... The post Crypto Exchanges Start to Fill Bybit’s $1.4B Hole as Hackers Move Stolen Funds app…
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Crypto Exchanges Start to Fill Bybit's $1.4B Hole as Hackers Move Stolen Funds

Crypto exchange Bitget has transferred 40,000 ether (ETH), worth $105 million, to Bybit, offering crucial support to its industry counterpart in the wake of the over billion-dollar hack suffered by the exchange. The funds transferred are from Bitget’s own reserves, not user deposits, which remain securely stored on the platform and can be cross checked... The post Crypto Exchanges Start to Fill Bybit’s $1.4B Hole as Hackers Move Stolen Funds app…

·Manila, Philippines
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Coin Desk broke the news in Manila, Philippines on Saturday, February 22, 2025.
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