{"id":14368,"date":"2025-02-21T16:17:01","date_gmt":"2025-02-21T16:17:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14368"},"modified":"2025-02-21T16:17:01","modified_gmt":"2025-02-21T16:17:01","slug":"bitcoin-ether-slump-as-crypto-prices-dip-on-report-of-massive-1-4b-bybit-hack","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14368","title":{"rendered":"Bitcoin, Ether Slump as Crypto Prices Dip on Report of Massive $1.4B Bybit Hack"},"content":{"rendered":"<div>\n<p>Cryptocurrency prices dropped on Friday, reversing early gains on reports that crypto exchange Bybit was seeing $1.4 billion worth of crypto outflows in a potential security incident.<\/p>\n<p>Bitcoin (BTC) slid to near $97,000 after hovering near $100,000 earlier during the day, while ether (ETH) slipped nearly 4%, dipping below $2,700.<\/p>\n<p>The sudden downturn liquidated roughly $100 million worth of leveraged derivatives trading positions, overwhelmingly longs anticipating prices to rise, CoinGlass data shows.<\/p>\n<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/195187795594706c8a6ae7f33f3c5cd96a7d38f5-1600x858.png?auto=format\" alt=\"\"><\/p>\n<p>The move happened after well-followed blockchain sleuth ZachXBT noted a &#8220;suspicious&#8221; $1.4 billion ETH outflow. Ben Zhou, CEO of Bybit confirmed the hack in an <a href=\"https:\/\/x.com\/benbybit\/status\/1892963530422505586\" target=\"_blank\">X post<\/a>.<\/p>\n<p>UPDATE (Feb. 21, 16:07 UTC): Adds details about liquidation and updates price actions.<\/p>\n<p>Read more: <a href=\"https:\/\/www.coindesk.com\/business\/2025\/02\/21\/bybit-experiences-usd1-46b-in-suspicious-outflows-zachxbt\" target=\"_blank\">Bitcoin and Ether Tumble on Potential $1.46B Bybit Hack<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency prices dropped on Friday, reversing early gains on reports that crypto exchange Bybit was seeing $1.4 billion worth of crypto outflows in a potential security incident. Bitcoin (BTC) slid to near $97,000 after hovering near $100,000 earlier during the day, while ether (ETH) slipped nearly 4%, dipping below $2,700. The sudden downturn liquidated roughly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14368","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14368"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14368\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}