The crypto currency world was shaken by a major security violation of the last day. The Bybit Stock Exchange was stolen about $ 1.4 billion worth of Ethereum (ETH) and attacked a major hack. This event led to a great panic on the platform, while the Bitget stock exchange supported Bybit with an important move. Bitget, by transferring 40,000 Ethereum (ETH) from its own reserves, helped Bybit survive the crisis process. Both stock exchanges took steps to ensure the safety of users’ funds and exhibited an example of solidarity in this challenging period.
After the Bybit hack attack, the stock markets took action
The crypto currency exchange Bybit recently suffered a major security attack after the Ethereum (ETH), worth approximately $ 1.4 billion. After this cyber attack, Bitget took an important step to help Bybit. Bitget CEO Gracy Chen announced that its stock markets transferred 40,000 Ethereum (ETH). The value of this transfer is around $ 105 million at current prices. Bitget, while transferring these funds from their reserves, stressed that users’ investments are safe.
“As Bitget, we believe in supporting the community and we think that everyone should contribute to the growth of the crypto ecosystem, Chen said. The CEO also said that user funds are stored completely safely and that these funds can be verified on the reserve proof of the stock market. He also stated that the platform is ready to provide additional support in order to ensure the safety of users.
Stolen ETHs are mobilizing
Some of the stolen ETHs began to move on Saturday at the afternoon of Asia. More than 5,000 ETH was moved through a mixer called Exch, and then directed to the Chainflip bridge protocol and turned into Bitcoin. Chainflip explained that he could not prevent these fund movements because it was a completely decentralized practice, but they were trying to stop the fund flow.
On the other hand, Bitget, the wallets of the hackers who carried out the attack on the blacklist. Graly Chen said, iz We will prevent the operations from suspicious addresses and prevent them. Our security and research team is following these activities. ” Bitget announced that he was trying to prevent possible criminals from trading by following these funds. In spite of this major attack, he successfully processed more than 350,000 shooting requests from Bybit users and returned to normal.
