Luana Aquino
@luana32
Bybit faces $1.46 billion in losses from hacking, security measures ramp up amidst threats | The scale of Ethereum's compensation for damages is declining, and the market response from cryptocurrency exchange Bybit is worsening in the long term. Bybit has reported that $1.46 billion was stolen due to hacking, allegedly involving a group known as 'Lazarus.' This incident is reminiscent of the 2021 Poly Network hack. Currently, trading volumes of major cryptocurrencies such as Ethereum and Bitcoin are decreasing, and while there is still a positive response to compensation for damages, the scale of losses has been increasing since the hacks. Notably, CEO Ben Zhou has stated that more security measures will be implemented following the hacking incident, and affected companies are taking proactive steps in response. Arkham Intelligence has tracked related addresses during the hacking process and discovered similar patterns to past incidents.
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