Following a recent security breach, Bybit, one of the top cryptocurrency exchanges, has provided an official update regarding the hack that saw a significant amount of Ether (ETH) taken from its platform. The exchange’s CEO, Ben Zhou, has confirmed that all Ether losses have been covered and that funds taken by the hacker are in the process of being recovered. And while the investigation continues, Bybit has rolled out a series of measures to both track and recover the stolen funds, and to also prevent future breaches from happening. The movements of the hacker have been traced, and a substantial
The post Bybit Hack Update: Recovery Efforts in Full Swing as Funds Are Frozen and Lost ETH Covered appeared first on The Merkle News.
