Ether prices surge even further reports that Bibit has begun buying ETH

The price of Ether (ETH), the world's second largest cryptocurrency, has risen by more than 2.3% in the last 24 hours, while the broader Coindesk 20 index rose just 0.76% over the same period. Bitcoin has dropped by about 0.3%.

The rise is a cryptocurrency exchange hacked with $1.5 billion worth of ether by the North Korean hacking group Lazaro, moving US$100 million USDT to a new address and half of that to the address to buy 36,900 ETH The rise occurs in reports that half of that was moved to do so. – shop.

The funds worth around $110 million were subsequently moved to addresses tagged as belonging to a cryptocurrency exchange, crypto journalist Colin Wu reported, citing Arkham intelligence data.

Bybit CEO Ben Zhou said in the “Ask Me Anything” session that the company's assets are “well above $1.5 billion,” adding that “a safe and secure wallet worth nearly 3 billion US$ for USDT There is,” he said. Same sauce.

Bybit hackers currently own an estimated 489,000 ETH of around $1.34 billion, about 0.4% of their total ether supply, making them the 14th largest owner of cryptocurrency.

The addresses associated with hackers are closely monitored in spaces and are blacklisted by major cryptocurrency exchanges.

“The stolen funds have already been marked and it is very difficult for hackers to use them. If you try to transfer these funds into a large exchange, you'll soon get a block,” he said. Maria Carola, CEO of Stealthex, told Coindesk.

Because hackers may not be able to use the funds in any way, some analysts suggest that 0.4% of their ETH supply is “essentially gone.”