Ethereum bounces back with the return of bybit “GAP” on hacking losses

Ethereum prices showed flexibility during the weekend, quickly wore the recession after the massive penetration of the Crypto Bybit exchange.

Assets fell 7 % within hours on February 21, as it decreased from $ 2,832 to $ 2,629 in the aftermath of the penetration of $ 1.4 billion of ETHEREUM assets.

However, ETH took advantage of $ 2800 late in trading on February 23, after recovery, but he lost some steam since then again.

Beet closes the gap

On February 24, Lokonchain reported that the stock exchange had received about 446,870 ETH at a value of about $ 1.23 billion through loans, whale deposits, and ETH purchases since penetration.

The co -founder and executive director of the Ben Zhou data company responded to, noting that the company “has already closed the entire ETH gap” before adding that a new report of the review will be published “very soon”.

Last update: Bybit has already closed the entire Gap ETH, the new auditor Por report will be published soon to show that bybit back to 100 % 1: 1 on the client’s assets through the Merkle Tree, match. https://t.co/qla1voujm6

Benbybit February 24, 2025

CEO of Custodia Bank Caitlin Long as well RespondCongratulating Chu in the hope that he will participate in a case study on the movement of financial tension.

She said: “The way Bitfinex dealt with its financial distress after Hack was creative and eventually proved that it was more efficient than the cost of traditional restructuring.”

The infiltrators, who are believed to be a North Korean Lazarus group, were used to use an Exch to Grey the love.

On February 23, Zhou said he hoped the stock exchange “could reconsider and help us prevent the money that flows from it” after contacting them.

“We are also helping from international organizational organizational bodies and international organizational bodies. Helping to ban this money not only helps Beet.”

During the weekend, Bybit stated that there was some success in the assets of freezing with the help of companies and institutions, including Tether, Circle, Avalanche and Thorchain. However, it remains a decrease in the ocean compared to the total losses.

A coordinated effort led to a freezing of $ 42.89 million in only one day. Thanks to the following teams on its quick work: tether_toTitle of science and freezing 181k usdt ThorchainThe blacklist was prevented Changenow_IO: 34 Ethath stalemate Fixedfloat: Just of $ 120 km USDT …

– Bybit (bebit_official) February 23, 2025

ETH price expectations

Despite the initial recovery, ETH did not spend for a long time over 2800 dollars and fell to $ 2,740 during a Monday morning session, where I found support.

The original was cut during the past week, as it achieved resistance above 2800 dollars three times with support for 2600 dollars twice.

ETH was in this range since its collapse to less than $ 3,000 in early February, after showing few signs of returning to this level even though the upper month is historically.