The price of the world’s second largest cryptocurrency, ether (ETH), has increased by more than 2.3% in the last 24 hours, while the wider Coindesk 20 index has increased by only 0.76% in the same period. Bitcoin is down to about 0.3%.
The increase comes in the midst of reports that Bybit, Cryptocurrency Exchange, which was hacked for $ 1.5 billion value of Ether and stacked ether by the North Korean hacking group Lazarus, has moved 100 million USDT to new addresses and moved half of it For addresses to buy 36,900 ETH over -tabs.
The funds worth about $ 101 million were then moved to addresses labeled as associated Cryptocurrency exchange, crypto journalist Colin Wu reported, citing data on Arkham Inimplation Data.
Bybit’s CEO Ben Zhou allegedly said in a “Ask me something” session that the company’s assets are “far greater than $ 1.5 billion,” adding that “there is a cold wallet in security with nearly $ 3 billion US dollars in usdt, “according to the same source.
BYBIT’s hacker is now estimated 489,000 ETH worth approximately $ 1.34 billion, about 0.4% of Ether’s total supply, making it the 14th largest holder of cryptocurrency.
The addresses associated with the hacker are now closely monitored in the room and blacklisted by greater cryptocurrency exchanges.
“The stolen funds are already marked, making it extremely difficult for the hacker to use them. Any attempt to transfer these funds to a larger exchange would result in an immediate block, ”Stealthex CEO Maria Carola told Coindesk.
Since hacker may not be able to use the funds in any way, some analysts suggest that 0.4% of the ETH supply it has is “essentially gone.”
