Ethereum prices displayed resilience over the weekend, rapidly bouncing back from a slump following the massive hack of the Bybit crypto exchange.
The asset slumped 7% in a matter of hours on Feb. 21, falling from $2,832 to $2,629 in the wake of the $1.4 billion Bybit hack of Ethereum assets.
However, ETH tapped $2,800 in late trading on Feb. 23, following a recovery, but has lost some steam since then once again.
Bybit Closing The Gap
On Feb. 24, Lookonchain reported that the exchange had received around 446,870 ETH worth around $1.23 billion through loans, whale deposits, and ETH purchases since the hack.
Bybit co-founder and CEO Ben Zhou responded to the data, stating that the firm has “already fully closed the ETH gap” before adding that a new audited proof-of-reserves report will be published “very soon.”
Latest 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 asse
We współpracy z: https://cryptopotato.com/ethereum-bounces-back-as-bybit-closes-gap-on-hack-losses/
