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BityBt supplemented reserves after disposing of $ 1.5 billion

Jakub Porzici Nurphoto | Getti images

Bibit said it has recovered reserves after $ 1.5 billion hack Last week is the largest in the history of the crypto industry.

In less than 72 hours, Bitdid compiled hundreds of thousands of tokens through a combination of emergency loans and large deposits. Although a speedy recovery was renovated the balance of the stock market and maintained the opening of the buyer’s raising, it did not diminish the stolen crypto.

The violation occurred during routine internal transfer, when the fashionable funds from its offline “Cold Navlet,” is designed for safe, long-term memory, on “hot wallet” that allows for active trading. During this transfer, hackers used security gaps, intercepting the transaction and redirected funds to an unknown address.

The whole Bibit Ben Zhou wrote in a Mail on social media On Sunday, the exchange of other solvents were exchanged, adding that the property property of the client was still fully supported and that the withdrawal remained open.

Company Almost 447,000 ether tokens provided Through urgent funding from companies such as Galaxy Digital, Falconk and Wintermute. A Proof of revision of the reservation conducted by Cyber-Cursecuriti Firm Hacken confirmed that BittyBt has successfully renewed its reserves, confirming that all great funds – including Bitcoin, etherSolana, Tether and USDC – have exceeded 100% of the collateral ratio.

Recovery of stolen assets remains a challenge.

Frit Blickchain Analytics Elliptic identified Lazarus Group North Korea as The perpetrators of the attack. Stolen funds are initially scattered in 50 different wallets, and each has about 10,000 ether token, in accordance with Elliptić, as part of efforts to wash coins.

From 24. February, more than 195 million dollars, or approximately 14.5% of stolen property, have already been transferred.

Bibit offered 10% awards for the return of stolen funds, but history suggests that the chances of recovery are slender.

Lazarus Group has a tracking record The washing of the crypto to avoid international sanctions, how, how to report, using stolen assets for financing North Korea nuclear program. In 2022. year, the group stole 600 million dollars from Aksie infinity and, despite the law enforcement intervention, only 30 million dollars were performed.

Ether, token in the center of this attack, about 5% dropped in the past day.

Do not miss these cryptocurnent insights from CNBC PRO:

Bitibit say it's fully recovered after a $ 1.5 billion vacation rest

(TagstotRanslate) ether / USD

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2025-02-24 20:43:00

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