Bybit has returned the 40,000 Ethereum loan, with a value of approximately $ 99.98 million, obtained from Bitget after the recent security incident of $ 1.4 billion.
Blockchain -analysis platform Lookonchain reported That the reimbursement took place on 24 February, with Bybit the money exaggerated from his cold wallet back to Bitget.
On February 25, Bitget CEO Gracy Chen confirmed the return of the funds, and emphasized that they had faith in the ability of Bybit to pay back. According to her, the loan was extended as a gesture of support and it was without interest or collateral requirements.
Chore added:
“No interest, no collateral – this was just about supporting a pear in need. Great to see Bybit recover completely, and we never doubted the return of the loan. “
Bitget provided the loan on 22 February after Bybit had experienced the exploit that influenced the cold wallet of Ethereum. At the time, Bitget said that the transferred funds of his own reserves were not user deposits.
Meanwhile, further analysis of the chain indicates Die Bybit conveyed an extra 47,800 ETH, worth around $ 118 million, from his cold wallet to Binance. Lookonchain said these funds were used to regulate loans obtained from other settings and large crypto holders.
These reimbursements came after Bybit revealed that it had closed its ETH -Liquidity gap, so that the client activation cratio was restored to a 1: 1 competition.
$ 250 million white -washed
The repayment of the loan comes when the Bybit attacker starts his money laundering tensions.
According to Blockchain Analytical Platform SpotonchainThe attackers have already washed around 100,000 ETH – observed at around $ 250 million – due to complex steps. These include breaking the stolen funds in smaller portions and transferring multiple addresses.
The hacker then used Thorchain for cross-chain transactions and converted ETH in other assets such as Bitcoin and Dai.
Blockchain -Ialytic company Arkham Intelligence noted That these funds are often moved, with two to three transactions every minute.
Despite these activities, the hacker still checks 399,000 ETH, which Holdings surpasses attributed to prominent figures such as Ethereum co-founder Vitalik Buterin or even the Ethereum Foundation.
In response to these challenges, Bybit CEO Ben Zhou announced That the exchange develops a system to prevent hacks and improve the industrial efforts to restore lost money.
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