In the past 24 hours, Ethereum (ETH) has increased by over 3.4%, while Bitcoin (BTC) has decreased by about 0.12%. This surge in Ethereum’s price coincided with Bybit, targeted by the Lazarus hacker group, transferring $100 million USDT to new addresses to purchase 36,900 Ethereum. This move follows the theft of $1.5 billion worth of Ethereum and stETH. Bybit’s CEO revealed the company holds nearly $3 billion USDT in cold storage. Currently, the hacker possesses around 489,000 Ethereum, equivalent to 0.4% of the total Ethereum supply. Some analysts believe this portion will be unusable due to restrictions. Addresses associated with the hacker are closely monitored and blacklisted by major exchanges. Transfers of these funds to primary exchanges have been immediately blocked.
