According to Crypto Rover, the hacker responsible for the Bybit breach is actively moving funds, transferring $7 million in ETH within the past hour. On-chain data analysis connects this activity to the Phemex hack, both attributed to the Lazarus Group, indicating coordinated efforts and posing potential impacts on market sentiment and security protocols.

According to Crypto Rover, Bybit's CEO managed a recent hack with exceptional transparency and speed, potentially preventing Bitcoin's price from reaching $80,000. This handling might have averted panic selling, maintaining market stability. The CEO's actions were praised for their impact on trading dynamics, as they ensured that traders remained confident in the platform's security measures.

According to ZachXBT, funding test addresses for Bybit were also connected to Phemex, as stated previously. ZachXBT emphasizes that this connection is typical of the methods used in Lazarus hacks, which often involve complex address linkages. While further indicators exist, they remain undisclosed, indicating potential undiscovered risks in cryptocurrency transactions on these platforms.

According to Lookonchain, the Bybit hacker, associated with Lazarus Group, has transferred 10,000 ETH ($27 million) to Bybit Exploiter 54 to start laundering funds. The hacker currently holds a significant amount of 489,395 ETH ($1.32 billion) and 15,000 cmETH across 53 wallets, but the cmETH remains non-withdrawable.

According to Lookonchain, after being hacked, Bybit has received a total of 145,879 ETH, equivalent to $390 million, in loans and deposits. Large withdrawals include 47,800 ETH ($127.56 million) moved from Binance to Bybit as loans, and Bitget transferring 40,000 ETH ($106 million) to Bybit. Additionally, a whale identified as '0x3275' transferred 20,000 ETH ($53.7 million) to Bybit.

According to Lookonchain, after being hacked, Bybit has received a total of 145,879 ETH, valued at $390 million, in loans and deposits. Significant whale activity includes a withdrawal of 47,800 ETH ($127.56 million) from Binance to Bybit as loans. Furthermore, Bitget transferred 40,000 ETH ($106 million) to Bybit as loans, and whale '0x3275' moved 20,000 ETH ($53.7 million) to Bybit. These substantial inflows suggest a strategic consolidation of assets by major players into Bybit, indicating potential confidence in its recovery and future trading opportunities.

According to Crypto Rover, Binance CEO CZ commended the CEO of Bybit for effectively managing a recent crisis with transparency and calmness. CZ contrasted this with the handling by the CEOs of WazirX and FTX, highlighting deficiencies in their crisis management approaches. This public endorsement by CZ could enhance Bybit's reputation in the cryptocurrency market, potentially influencing trading volumes and investor confidence.

According to @ai_9684xtpa, following a $1.4 billion cryptocurrency theft, Bybit has maintained user confidence by transparently addressing the issue and ensuring withdrawal operations remain open, despite the security breach. This proactive stance, including the founder's participation in two AMAs within 24 hours, has stabilized market sentiment and reassured traders regarding Bybit's commitment to security and transparency.

According to Ai 姨 (@ai_9684xtpa), Bybit effectively addressed a security breach involving 14 billion in cryptocurrency by ensuring internal security, keeping withdrawal services open, and regularly updating the market. The founder's participation in two AMAs within 24 hours further stabilized market sentiment.

According to @EmberCN, a new address transferred 10 million USDT from Bybit, purchasing 3,655.6 ETH at an average price of $2,735, and then moved the ETH back to Bybit. This transaction suggests significant whale support for Bybit, indicating potential market confidence in ETH trading on the platform.

According to Crypto Rover, a hacker associated with Bybit has burned $42.7 million worth of Ethereum (ETH), potentially leading to a significant supply shock. This event could impact the market dynamics for ETH, as the reduced supply might drive prices upward. Traders should monitor ETH price movements closely as the market reacts to this unexpected reduction in circulating supply.

According to Crypto Rover, the CEO of Bitget has announced that Bybit's liquidity is now fully restored, marking a significant improvement in the trading environment on the exchange. This boost in liquidity is crucial for traders seeking efficient and swift trade execution, potentially increasing trading volumes and market confidence.

According to Eric Cryptoman, ByBit successfully processed his large withdrawal and addressed the withdrawal queue effectively, even though withdrawal requests increased by 100 times. This indicates a strong operational response from the ByBit team. Despite initial concerns about a potential hack, which now seems insignificant, traders are advised to remain cautious, as past experiences with exchange failures highlight the importance of vigilance.

According to EmberCN, Bybit has received a total of 120,000 ETH in loan support from five institutions/individuals, amounting to $320.97 million. The breakdown includes Bitget with 40,000 ETH ($105.96 million), an institution/whale withdrawing from Binance with 11,800 ETH ($31.02 million), MEXC with 12,652 stETH ($33.75 million), and another institution/whale from Binance with 36,000 ETH ($96.54 million). These substantial transactions indicate significant institutional interest and liquidity infusion in Bybit, which could impact Ether's trading volumes and market dynamics. [source: EmberCN]

According to Crypto Rover, a whale has transferred 20,000 ETH, valued at approximately $53.7 million, to a Bybit cold wallet. This significant movement suggests potential market activity or strategy involving large volume trading or long-term holding on the Bybit exchange. Traders should monitor Bybit's order books and market behavior for any resulting impact on Ethereum's price or trading volume.

According to Lookonchain, a whale has transferred 20,000 ETH, valued at $53.7 million, to a Bybit cold wallet. This substantial transfer could indicate a strategic move to secure assets or prepare for future trading activities, impacting ETH market liquidity and potentially influencing price volatility. Traders should monitor such large movements as they can signal upcoming market shifts.

According to Lookonchain, a whale has transferred 20,000 ETH, valued at approximately $53.7 million, to a Bybit cold wallet. Such large transfers can indicate significant market movements as whales' actions often lead to increased market volatility or potential sell-offs. Monitoring this transfer could provide insights into future price movements of ETH on the Bybit platform.

According to Lookonchain on Twitter, the hacker responsible for stealing $1.4 billion from Bybit and $69 million from Phemex has been identified as part of the Lazarus Group. The stolen funds were laundered by transferring ETH to wallet '0x33d0...8F65'. This highlights a significant security risk for cryptocurrency exchanges, potentially affecting trading strategies and trust in exchange platforms. Source: @zachxbt.

According to ZachXBT, Bybit testing addresses have been identified as being connected to laundering activities on the Tron network related to the Phemex hack. These findings, in collaboration with Josh from CF, were shared to earn a bounty from Arkham, highlighting the ongoing risks and vulnerabilities in cryptocurrency platforms that traders should be aware of.

According to Crypto Rover, the Bybit hacker has laundered 5,000 ETH using the eXch mixer and bridged the funds to Bitcoin via Chainflip. Bybit's CEO is calling for cross-chain projects to assist in blocking further transfers to mitigate potential market disruptions.