Bybit received 51,800 ETH ($137.6M) and 12,652 stETH ($33.9M) from various exchanges/institutions to manage customer withdrawals following the $1.46B hack in the past 5 hours.

Two fresh wallets, bc1q3, and bc1q5, just withdrew 2,300 BTC ($220.98M) from Bitfinex at an average price of $96,079. Notably, the BTC price has slightly recovered from a 4.56% drop since the Bybit exchange was hacked.

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.