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Bybit Restores Reserves After Hack: Secures 447,000 Ether Through Emergency Funding

Bitcoinist LogoBitcoinist12h ago

Bybit Restores Reserves After Hack: Secures 447,000 Ether Through Emergency Funding - Bitcoinist

Quick Summary:

Crypto exchange Bybit has recently announced that it has replenished its reserves following its staggering $1.5 billion hack, marking the largest breach in the history of the cryptocurrency industry.

Blockchain analytics firm Elliptic has identified North Korea’s notorious Lazarus Group as the perpetrators of the attack.

In a previous incident in 2022, the group stole $600 million from the game Axie Infinity, but only $30 million was recovered despite significant law enforcement efforts.

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Bybit Restores Reserves After Hack: Secures 447,000 Ether Through Emergency Funding - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 08:30:30 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 433 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26427661

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 15 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Bybit Restores Reserves After Hack: Secures 447,000 Ether Through Emergency Funding" has 433 words across 33 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Bybit Restores Reserves After Hack: Secures 447,000 Ether Through Emergency Funding" was covered 12 hours ago by Bitcoinist, a news publisher based in Hungary.

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The outlet is headquartered in Hungary and publishes an average of 15 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #26427661
  • URL: https://chronographically.beamstart.com/news/bybit-restores-reserves-after-hack-17404724838375

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