Bybit Hack Sparks Ethereum Sell-FF, 60 % rises

The psalm for encryption and fear alongside, following the confirmation of the penetration of $ 1.5 billion, took the price of ETHEREUM diving. With the trading volume increased by 62 %, investors can be considered to be afraid to sell ETH.

According to CoinMarkletcap data, the ETHEREUM price was dropped from 2850 dollars to $ 2,750 within an hour after BYBIT reports came out.

the The penetration has been confirmed By the CEO of bybit Ben Zhou, who stated that the attackers took advantage of a cold multi -part portfolio using a deceptive interface, stealing ETH and Steth. More than 400,000 ETH was transferred, with $ 200 million already sold.

The sudden drop in prices was accompanied by about 60 % of the 24 -hour trading volume, reaching 24.73 billion dollars, as investors rushed to the response. The sale is intensified when the stolen money began to move to new addresses and sell them in decentralized exchanges.

With uncertainty surrounding the BYBIT response and more potential liquidation, merchants remain on the edge of the abyss, for fear of additional declines in ETHEREUM and the broader encryption market.

Also read: Bybit Hack value of $ 1.5 billion: Is Wazirx user money safe?