The cryptocurrency market is facing another decline, with its total market cap dropping by 2%, wiping out $40 billion in the past 24 hours. This decline has kept major cryptocurrencies like Bitcoin and Ethereum struggling to gain momentum.

Ethereum maintains its position above $2,750 amid increased whale accumulation and strong technical support, while analysts draw parallels to Bitcoin's historical bull cycle patterns.

Billionaire Mike Novogratz says world leaders should act to take down Lazarus, the notorious North Korean hacker group responsible for the recent Bybit hack, which is believed to be the biggest heist in human history.

Ethereum price is under great bearish pressure and finds it difficult to cross the $3,000 threshold. Despite several efforts, Bitcoin stays under main resistance, making many investors wonder whether a recovery is likely.

The colossal $1.5 billion hack of Bybit last week has set off fierce discussions across the crypto community, with some industry voices contending that Ethereum's design might have played a role.

The Bybit hack that saw over $1.4 billion siphoned last week had a major impact on the price of Ethereum (ETH). As the only digital currency involved in the attack, the price of Ethereum dropped as low as $2,619 in the past seven days as investors nursed sell-off fears.

The exchange reportedly replenished the Ethereum deficit through a combination of loans, whale deposits, and direct purchases.

Bybit approaches full recovery of its ETH reserves, securing funds through loans, OTC trades, and direct purchases after the recent hack.

After suffering a $1.4 billion hack, Bybit recovered $700 million worth of Ethereum within 48 hours through OTC deals and loans while implementing a bounty program to retrieve the remaining stolen funds.

Bybit's ETH reserves reach nearly 100% after the February 2025 hack.

Bybit CEO Ben Zhou confirmed that the exchange restored Ethereum (ETH) reserves following the recent $1.4 billion security breach. In a Feb. 24 post on X, Zhou announced that Bybit will soon release an updated proof-of-reserves report demonstrating that it now holds client assets 1:1.

Bybit exchange has purchased over 100K Ethereum units over the weekend, but the supply of Ether on CEXes has increased in the past few days amid notable fear of further capitulation.

Bybit has officially sealed the $1.5 billion Ethereum gap left by one of the largest crypto heists in history.

The cryptocurrency market has experienced another downturn, with top cryptocurrencies Bitcoin and Ethereum facing challenges in sustaining their momentum. Currently, the Bitcoin (BTC) price is around the significant $95k mark while Ethereum (ETH) is struggling to surge past $2,800.

The market volatility was expected to increase as it heads towards the end of the monthly trade; however, the rise in the volatility has strengthened the bears. Bitcoin yet again slipped below $96,000 but the broader markets continued to remain stable as Ethereum demonstrated strength.

Adam Back, a cypherpunk and Blockstream CEO, has taken to his account on the X social media network to comment on the recent Bybit hack when the exchange lost a mind-blowing $1.4 billion worth of Ethereum.

Ether's price is at a critical point following the Bybit exchange hack on Feb. 21, in which over $1.4 billion worth of liquid-staked Ether and other digital assets were stolen.

According to CertiK Alert, there have been some suspicious transfers of funds from unverified contracts on Ethereum.

Crypto exchange Bybit has successfully restored its Ethereum (ETH) reserves. This marked a significant milestone in its recovery from one of the largest heists in crypto history.

Just a few days after the shocking Bybit hack, another suspicious fund movement has been detected in the cryptocurrency ecosystem. According to Certik Alert, no fewer than $49.5 million have been transferred from an unverified Ethereum contract. Last week, in the largest hacking event in the history of the crypto industry, approximately $1.

Bybit, one of the world's largest cryptocurrency exchange, suffered a massive security breach, losing over $1.46 billion in what is now the biggest crypto theft in history. The attack primarily targeted Bybit's Ethereum multi-signature cold wallet, which was used for daily trading operations.

Ethereum prices have shown signs of recovering as Bybit buys back enough ETH to cover its losses.

Crypto exchange Bybit, which lost over $1.4 billion in a suspected North Korean hacker attack, says it fully covered the loss within two days. Cryptocurrency exchange Bybit covered its $1.

Bybit has taken a bold step after suffering one of the biggest hacks in crypto history. Following the massive $1.4 billion security breach, the exchange has reportedly purchased $742 million of Ethereum (ETH) to recover from the attack. This has made the ETH price recover by 6% from last week's drop.

Arbitrum's hopes of reinvesting its Ethereum holdings in yield-generating opportunities has hit a hurdle.

Bybit plans to release an audited proof of reserves report to verify that it has restored its client assets on a one-to-one basis.

The crypto market kicked off the week on a bearish note, with Bitcoin (BTC) slipping back to the $95K level, dragging major altcoins lower. Ethereum (ETH), Solana (SOL), and XRP fell between 1% and 5%, while meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also posted losses.

In recent days, the cryptocurrency platform Bybit fell victim to a sophisticated cyberattack, hemorrhaging over $1.4 billion in assets purportedly tied to operatives from North Korea. As of this report, the perpetrator controls roughly 449,395.23 ETH—equivalent to nearly $1.26 billion—making them one of Ethereum's most formidable custodians.

Bybit has returned to a 1:1 backing of client assets days after being hit by the biggest crypto heist ever.

Bybit CEO Ben Zhou announced the exchange has restored its Ethereum holdings after a $1.4B hack and will release a proof-of-reserves audit soon. The post Bybit CEO: ETH Gap Closed Post $1.4B Hack, Exchange to Publish POR Audit appeared first on Cryptonews.

Crypto Market Today (February 24): A wave of caution engulfed traders and investors as the week kicked off, primarily as Bitcoin (BTC) price waned back to the $95K level. Moreover, Ethereum (ETH), Solana (SOL), and XRP prices also tanked 1%-5%, mimicking the flagship coin.

Bybit exchange has reportedly purchased 266,700 ETH worth $742 million across two days, according to blockchain analytics firm Lookonchain. The transactions occurred in the days following Bybit's $1.4 billion hack, which has taken the industry by surprise.

Ethereum's Open Intents Framework has gained support from leading Layer 2s, including Arbitrum, Optimism, Scroll, and Polygon.

Ethereum Foundation lead developer Tim Beiko has dismissed the idea of an Ethereum blockchain rollback following the Bybit crypto exchange hack. In a detailed post on X, Beiko explained why such a proposal is impractical and unfeasible.

Bybit said on Sunday it froze $42.89 million of the hacked funds thanks to the efforts of multiple parties as the cryptocurrency exchange shores up its reserves after the shocking $1.4 billion exploit. What Happened: Bybit announced via X that it was successful in restricting hackers' ability to move the funds, a day after hackers stole over $1.4 billion worth of Ethereum (CRYPTO: ETH) and related tokens.

Ethereum price failed to clear the $3,000 resistance zone. ETH is consolidating near $2,750 and might aim for a fresh increase.

Is Solana slowing down on its promise to be the Ethereum killer?

Ethereum (ETH) has demonstrated resilience in recent days, rebounding from a sharp drop caused by the Bybit hack, though its price remains down by nearly 18% over the last month. Despite the ongoing volatility, Ethereum's recovery has been supported by renewed buying momentum, as indicated by its Relative Strength Index (RSI) and an increase in whale activity.

Ethereum (ETH) has officially confirmed a death cross, with its 50-day moving average crossing below the 200-day moving average, a bearish signal that typically suggests downward momentum. However, ETH has shown resilience despite this technical formation and a recent $1.4 billion hack on Bybit.

Blockchain analytics firm Lookonchain reports Bybit bought $742 million worth of Ether using two wallet addresses between Feb. 22 and 23.

The statement came shortly after Lookonchain reported Bybit had bought $742 million worth of Ether between Feb. 22 and 23.

Leading coins remained weak on Sunday as the cryptocurrency market grappled with the massive $1.4 billion hack on cryptocurrency exchange Bybit. Cryptocurrency Gains +/- Price (Recorded at 7:45 p.m.

Some Arbitrum DAO delegates have criticized the proposal as a missed opportunity for boosting Arbitrum-native protocols.

As Shiba Inu successfully breaks above a significant resistance level, it is indicating that a potential reversal may be imminent. After struggling under a descending trendline, the meme coin is now making an effort to break out of its bearish trend, giving investors new hope.

Ethereum price rallied 8% to reclaim territories just above $2,800 on Sunday, February 23, propelled by speculations that resolutions to the Bybit's 401,346 ETH hack could inadvertently trigger a bullish impact. Ethereum (ETH) rebounds 8% as community anticipates bullish resolution to Bybit hack Ethereum (ETH) suffered a significant setback on Friday as hackers, allegedly linked

The exchange declined to block addresses flagged by Bybit as receiving stolen funds from its recent $1.4 billion hack.

Declining risk appetite raises concerns about Ethereum's future, with prolonged stability possibly giving way to stagnation.