What to know:
- Bybit’s stolen funds are on the move—like a bad rom-com plot twist! 💔
- Bitget has swooped in with some of its own reserves to help Bybit, according to CEO Gracy Chen, who is basically the superhero we didn’t know we needed. 🦸♀️
- Chen assures us that users’ funds are securely stored on the platform—because who doesn’t love a good security blanket? 🛡️
In a plot twist that even Hollywood would envy, crypto exchange Bitget has transferred a whopping 40,000 ether (ETH)—worth $105 million—to Bybit. Talk about a financial lifeguard! 🏊♂️
But don’t worry, folks! These funds are from Bitget’s own reserves, not user deposits. So, your money is safe and sound, like a cat in a sunbeam. ☀️
“At Bitget, we strongly believe in supporting the community and everyone contributing towards the growth of crypto,” Chen said, probably while wearing a cape. 🦸♂️
Meanwhile, a suspected North Korean entity decided to play Robin Hood—except they were only robbing. They drained about $1.4 billion in ether from Bybit on Friday, prompting a tidal wave of withdrawal requests. Bybit managed to process 99% of them, proving they can handle stress better than most of us on a Monday morning! 😅
As the stolen funds started to move during Asian afternoon hours, over 5,000 ETH was funneled through eXch mixer—because why not add a little mystery to the mix? 🎭
In a post on X, ChainFlip said it couldn’t block fund movements because it’s a fully decentralized application. They did, however, “turn off some frontend services to stop the flow.” Sounds like a classic case of “Oops, my bad!” 🤷♂️
On the flip side, Bitget has blacklisted wallets tied to the hacker. “We will block any transactions flowing in from illicit addresses to the exchange once it has been monitored,” Chen said, sounding like a determined detective in a crime drama. 🔍
Despite the chaos, Bybit managed to process over 350,000 withdrawal requests and has since restored normal operations. So, it’s business as usual—just with a little more drama than usual! 🎬
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2025-02-22 12:42