Bybit received $172.5M in loans from exchanges/institutions

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Bybit received $172.5M in loans from exchanges/institutions

Related addresses

Bybit: Cold Wallet 0x88a

Total tokens transferred

51.8K

ETH

12.652K

STETH

Bybit received $172.5M in loans from various exchanges/institutions to manage customer withdrawals in the past 5 hours, including:

40,000 ETH ($107M) from Bitget;
12,652 stETH ($33.9M) from MEXC’s hot wallet;
11,800 ETH ($31.6M) from Binance’s hot wallet.
Bybit's cold wallet: 0x88a1493366d48225fc3cefbdae9ebb23e323ade3

Notably, Bybit got hacked for $1.46B worth of ETH assets 11 hours ago (more details here).

Fig 1. Bybit received $172.5M in loans from various exchanges/institutions in the past 5 hours.

#bybit

#mexc

#biget

#binance

#loan

#hack

#customer withdrawal

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2025 Feb 21 - 14:46

Report on the $1.46B hack from Bybit

On Friday, February 21, 2025, 14:16 UTC, $1.46B worth of assets, including 401,346.76 ETH, 90,375.54 stETH, 8,000 mETH, and 15,000 cmETH, were moved out of Bybit’s cold wallet to a suspicious address. The hacker was later identified as the LAZARUS GROUP.

2025 Feb 21 - 05:05

US Bitcoin and Ethereum ETF Net Inflows Update on February 20, 2025

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Whale accumulated 4,700 ETH ($12.92M) after 499 days of dormancy

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