{"id":629763,"date":"2025-02-24T10:33:03","date_gmt":"2025-02-24T10:33:03","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=629763"},"modified":"2025-02-24T10:33:03","modified_gmt":"2025-02-24T10:33:03","slug":"crypto-nft-market-bybit-closes-eth-gap-left-after-1-5b-hack","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/crypto-nft-market-bybit-closes-eth-gap-left-after-1-5b-hack","title":{"rendered":"Crypto & NFT Market Bybit Closes \u2018ETH Gap\u2019 Left After $1.5B Hack"},"content":{"rendered":"
Bybit Web3, one of the world’s most visited cryptocurrency exchanges and a non-fungible token market platform, has closed the liquidity gap left after the recent hack. Last week, the crypto exchange suffered the biggest heist in crypto history after hackers walked away with over $1.4 million worth of Ethereum. Lazarus Group, a notorious hacker and scam group associated with the Northern Korean government, was found responsible for the hack.<\/p>\n
In a February 24 blog post, Ben Zhou, the chief executive officer of Bybit, confirmed that his crypto exchange platform has closed the crypto liquidity gap left during the recent hack. The crypto exchange has refilled its crypto liquidity through loans, whale deposits, and Ethereum (ETH) purchases. Bybit is back to 100% 1:1 on client digital assets, and it’s now out of financial stress.<\/p>\n
\nLatest Update: Bybit has already fully closed the ETH gap, new audited POR report will be published very soon to show that Bybit is again Back to 100% 1:1 on client assets through merkle tree, Stay tuned. https:\/\/t.co\/QLa1vOujM6<\/a><\/p>\n
— Ben Zhou (@benbybit) February 24, 2025<\/a><\/p><\/blockquote>\n