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We Drop updated insider News as it’s happening @xmcryptonews Home of Crypto Fundamentals
Honestly it’s been a black swan event…
We was truly on a brink of an alt season but none the less, a weekend is here
Market makers, traders & retailers will be thinking during the weekend regarding if they over-reacted or not.
So far Bybit has gathered loans they say they got cash on hand to buy back ETH
Personally the way I see it, they can fix this.
Fire some employees to save costs
Try to get intouch with the “hackers”
rebuy the stolen ETH and placing it in a new cold wallet
I hope this is a lesson for all exchanges to not sign any transactions
🥷🇰🇵 Arkham: ZachXBT have provided conclusive evidence that the Bybit attack was carried out by the Lazarus group.
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Bitget exchanged has provided a loan of 40,000 ETH to Bybit
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Positive news is atleast the funds cant be sold
Think of the funds being lost .
The so called hacker cant sell it for stables.
Best he can do is hodl till the end of time or burn address
My take on the Bybit Hack
I think they will survive this one.
But for now if you have huge funds I’ll suggest you withdraw your funds to be at the safer side. After everything cool off you can deposit and continue using and enjoying their services 📉📈
As I always preach I stand to always make my people safe always. I don’t attach sentiment to anything relating to trading or money in general ✅
JUST IN: Bybit founder says "we've experienced massive withdrawals" since the $1.4 billion $ETH hack
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NEW: 🟠 Global M2 is going up again, Bitcoin usually follows 📈
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Ethena Labs : Not a single dollar of spot backing value is held on any exchange, including Bybit.
Currently there is <$30m of aggregate unrealised PNL relating to Bybit hedge positions, which is less than half of the reserve fund.
USDe remains more than fully collateralised at this time.
Why do all these influencers and fake news say they got hacked.
A rich person bought ETH. End of story.
Fake news saying Bybit was hacked. Unfollow this losers!
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TRUMP TO MAKE 0% taxes on American crypto projects!
Any crypto that us based in the US is exempt from tax
👨💻 The most active cryptos based on GitHub data for the last 12 months. #ICP #LINK #CAKE #BTC
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🇺🇸 #LTC #ETF Canary Litecoin ETF added to DTCC website
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JUST IN: 🇷🇺🇺🇸 Russian President Putin calls to partner with Elon Musk to advance technology development.
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New WEEX users go enjoy this Moment.
Hi Guys
Anyway get yourself a Second Option - Get a WEEX Account - https://support.weex.global/en/register?vipCode=sfeb
Or Go to App Store download and Use the Referral Code - ahmedxm
Markets are getting FTX 2.0 Vibes.
People are selling at loss.
Bybit Hacker who stole $1.46 Billion in $ETH reportedly received gas fees from Binance. 👀
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🇺🇸🤔 US Treasury Department: Stablecoins play an integral role intermediating transactions in digital asset markets - over 80% of all crypto transactions now use a stablecoin as one leg of the transaction.
In the case of money-like assets the analog to the stablecoin would be money-market funds. treasury.gov
Ben Zhou is live right now
https://www.bybit.com/en/press/live/eth-wallet-incident
A Twitter user reports that they just received a payout from FTX today and transferred it to Bybit. He also asked for opinions on what to go long on.
💀💀💀💀💀
People like zachXBT is spreading false news without any proof.
I don’t like defending bybit because its a expensive exchange however as the CEO said no hack. It was a normal transfer
People like that are on short positions and trying to make nonsense news!
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Bybit CEO Says Withdrawal Status Normal: Tweet
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Majority of coins here will double in price.
Short squeeze happening
Big pumping
📈 #BTC C.Q.: With the price jump from $93.5K to $98.4K, 1.7M BTC are now back in profit.
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