The Bybit market share increased to levels before hack after using $ 1.4 billion in February, because Exchange Crypto Exchange implements closer security and improves liquidity options for retail traders.
The cryptographic industry was shocked by the greatest hack in the history of February 21, when Bybit lost over $ 1.4 billion in the ether with driving in liquid (Steth), Mantle Stakeed Eth (METH) and other digital assets.
Despite the exploit scale, Bybit is constantly regaining market share, According to Block Scholes company to the report of April 9 Crypto Analytics.
“From this initial decline, Bybit has been constantly recovering in the market because it operates to repair sentiments, and in the measure of returning the volume to the stock exchange,” he said.
Block Scholes said that the proportional share of Bybita increased from low levels by hook by 4% to about 7%, reflecting mighty and stable recovery in market activity and trade volume.
Share in the Bybit market in place as a percentage of market share with the best CEX. Source: block Scholes
Hack took place in connection with the “wider trend of macro risk, which began before the event”, which signals that the initial decline in Bybita’s trading volume was not only caused by the utilize.
Related: Can Ether recover over USD 3,000 after huge hacking Bybit USD 1.4 billion?
Cointelegraph reports on March 4 Bybit Hackers 10 days to wash all stolen Bybit funds through the decentralized transition protocol Thorchain, Cointelegraph.
Source: Ben Zhou
Despite the efforts of 89% of the stolen $ 1.4 billion were identified by experts for blockchain analysis.
Related: Thorchain generates fees for USD 5 million, USD 5.4 billion in volume from Bybit Hack
Pause Lazarus Group in 2024
Blockchain security companies, including Arkham Intelligence, identified the Lazarus group in North Korea as a probable culprit behind the Bybit reading, because the attackers still exchange funds to make them unconvidence.
Illegal activities related to a cyberpatophage from North Korea fell after July 1, 2024, despite the enhance in attacks at the beginning of this year, According to for blockchain analytical analytics.
According to Eric Jardine, Chainalysis CyberCrimes Research Research Bading Crypto Hacks in cryptographic hacks by North Korea agents aroused significant red flags.
North Korea hacking activities before and after July 1. Source: Chain
Slowdown in North Korea “began when Russia and the DPRK [North Korea] They met at the summit, which led to the realocation of North Korean resources, including military staff for war in Ukraine, “Jardine said Cointelegraph during Chain reaction Show March 26, adding:
“So we speculated in the report that there could be additional things invisible in terms of resource realocation from the DPRK, and then you will come at the beginning of February, and you have Hack Bybit.”
– Cointelegraph (@Cointelegraph) March 26, 2025
Aktalica Bybit emphasizes that even centralized exchanges with mighty security measures remain susceptible to sophisticated cyberratacs, analysts say.
According to Meir Dolev, a co -founder and technical director in Cyvers The Attack, there is similarities with Hack Wazirx in the amount of $ 230 million and Hack Radiant Capital worth $ 58 million.
https://www.youtube.com/watch?v=ndv0rfeetq
Warehouse: T.Crypto Ventures Rump is raising a conflict of interest, questions about trade in confidential information
