The post Bybit Hack Update: Massive ETH Transfers & User Withdrawals Explained appeared first on Coinpedia Fintech News
The recent Bybit hack has sent shockwaves through the crypto world, with hackers making away with a whopping $1.4 billion worth of digital assets. While the attack caused panic, it also led to massive fund transfers, with large amounts of BTC, ETH, XRP, and USDT pouring into Bybit. Many saw this as a show of support from other platforms and investors.
The major concern is that the hacker now controls over 500,000 ETH, more than ETH Co-Founder vitalik buterin
vitalik buterin
Vitalik Buterin is a professional programmer and Co-Founder of Ethereum. Buterin, along with Gavin Wood, Charles Hoskinson, Joseph Lubin, and Anthony Di, launched Ethereum in 2014. He co-created Ethereum when he understood that he could construct a new, possibly enhanced version by iterating on the Bitcoin blockchain. He has been involved in
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