Crypto exchange Bybit buys $742M of Ether: Lookonchain — TradingView News
Crypto exchange Bybit appears to have snapped up nearly 266,700 Ether worth $742 million across two days after it was hacked for $1.4 billion, according to blockchain analytics firm Lookonchain.
A Bybit-linked wallet address “0x2E45…1b77” bought 157,660 Ether ETHUSD, worth $437.8 million from crypto investment firms Galaxy Digital, FalconX and Wintermute via over-the-counter purchases, Lookonchain said in a Feb. 23 X post.
Another $304 million Ether purchase using wallet address “0xd7CF…A995” through centralized and decentralized exchanges is also “likely” tied to Bybit, Lookonchain said, citing data from Arkham Intelligence.
Arkham data shows that address “0xd7CF…A995” interacted with Binance and MEXC hot wallets.
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