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Flash News List

List of Flash News about hack recovery

Time Details
2025-02-22
22:25
Debate on Ethereum Forking for Recovery of $1.46 Billion Hack

According to Mihir (@RhythmicAnalyst), there is a proposal that the Ethereum blockchain should fork based on a court order to recover $1.46 billion USD from a hack. This suggestion raises debates on the balance between decentralization and legal intervention in blockchain governance, impacting trader confidence and market stability (Mihir, 2025).

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2025-02-22
12:45
Bybit Receives Substantial ETH Loans and Deposits Post-Hack

According to Lookonchain, after being hacked, Bybit has received a total of 145,879 ETH, valued at $390 million, in loans and deposits. Significant whale activity includes a withdrawal of 47,800 ETH ($127.56 million) from Binance to Bybit as loans. Furthermore, Bitget transferred 40,000 ETH ($106 million) to Bybit as loans, and whale '0x3275' moved 20,000 ETH ($53.7 million) to Bybit. These substantial inflows suggest a strategic consolidation of assets by major players into Bybit, indicating potential confidence in its recovery and future trading opportunities.

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2025-02-21
17:00
Bybit's Recovery Strategy Post $1.4 Billion Hack

According to @KookCapitalLLC, Bybit's ability to recover from a $1.4 billion hack is in question. The focus for traders is on Bybit's immediate steps to restore platform security and regain user trust. Reports suggest that Bybit is enhancing their cybersecurity measures and offering compensation to affected users, which are critical for maintaining trading volume and platform credibility (source: @KookCapitalLLC).

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