NEWSLETTER
Bybit has returned the loan of 40,000 ethereum, valued at approximately $ 99.98 million, obtained from Bitget after the recent security incident of $ 1.4 billion.
Blockchain Lookonchain analysis platform <a target="_blank" href="https://x.com/lookonchain/status/1894261202672652700″>reported That the reimbursement occurred on February 24, with Bybit that transferred the funds from his cold wallet to Bitget.
On February 25, the Bitget CEO, Gracy Chen, confirmed the return of the funds, emphasizing that they had confidence in Bybit's ability to pay. According to her, the loan extended as a support gesture and came without interest or guarantee requirements.
Chen <a target="_blank" href="https://x.com/GracyBitget/status/1894273995660562716″>aggregate:
“Without interest, without guarantee, this was simply to support a needy partner. Great to see Bybit completely recovered, and we never doubt the loan return. “
Bitget provided the loan on February 22 after Bybit experienced the exploit that affected his cold kettle ethereum. At that time, Bitget said the transferred funds were from their own reservations, not user deposits.
Meanwhile, more analysis in the chain <a target="_blank" href="https://x.com/lookonchain/status/1894306346562195955″>indicates That Bybit transferred additional 47,800 eth, for a value of around $ 118 million, from its cold wallet to Binance. Lookonchain said these funds were used to resolve loans obtained from other institutions and large cryptography holders.
These reimbursements occurred after Bybit revealed that he had closed his eth liquidity gap, restoring his customer asset ratio to a 1: 1 coincidence.
$ 250 million washed
Loan refund occurs when the Bybit attacker increases his washing efforts.
According to the blockchain analytical platform <a target="_blank" href="https://x.com/spotonchain/status/1894271345015537865″>SpotonchainThe attackers have already washed around 100,000 eth, valued at approximately $ 250 million, through complex steps. These include breaking stolen funds in smaller portions and transferring them through multiple directions.
Then, the hacker used Thorchain for cross -chain transactions, turning eth into other assets such as bitcoin and Dai.
Blockchain Analytical Signature Arkham Intelligence <a target="_blank" href="https://x.com/arkham/status/1894095767272382641?s=46″>indicated That these funds are frequently moving, with two or three transactions that occur every minute.
Despite these activities, the hacker still controls 399,000 eth, exceeding the holdings attributed to prominent figures such as the co -founder of ethereum Vitalik Butein or even the ethereum Foundation.
In response to these challenges, the CEO of Bybit Ben Zhou <a target="_blank" href="https://x.com/benbybit/status/1894207505938706464?s=46″>announced that the exchange is developing a system to prevent hacks and improve the efforts of the entire industry to recover lost funds.
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(tagstotranslate) bitget
