BitFinex analysts say by BYBIT HACK Fallout can boost the ETHEREM price

BitFinex analysts wrote that the largest financial penetration in history can provide a silver lining for ETHEREM price as Bybit announced complete recovery, as BitFinex analysts wrote.

The infiltrators, who think they are the notorious North Korea group Lazaros, stole approximately $ 1.5 billion in Ethereum (Eth)) The ether derivatives of Crypto Exchange bybit last week.

The price of ETHEREUM, which showed lukewarm procedures before penetration, has increased more due to the BYBIT and subsequent market fluctuations. Discussions on the impact of penetration the social platforms flooded by water, but BitFinex analysts believe that the price of Ether can benefit from the accident.

“If Bybit needs to renew customer boxes, they may have to rebuild large sums of ETH,” said analysts on the BitFinex Alpha market. a report.

Pipe lost More than 400,000 ETH from its cold wallet last Friday. However, BYBIT Ben Chu CEO said the stock exchange covered the losses from February 24. Zhou also published a check showing a community review to restore society’s confidence after the attack.

Data from Lookonchain Show The platform carried out ETH purchases, guaranteed loans from Bridge Partners, and received large whales deposits. BitFinex analysts have written that buying ETH in the open market and through other ways “can reflect some sale pressure and even price increase.”