{"id":14513,"date":"2025-02-22T16:31:52","date_gmt":"2025-02-22T16:31:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14513"},"modified":"2025-02-22T16:31:52","modified_gmt":"2025-02-22T16:31:52","slug":"ether-price-spikes-further-on-reports-of-bybit-starting-to-buy-eth","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14513","title":{"rendered":"Ether Price Spikes Further on Reports of Bybit Starting to Buy ETH"},"content":{"rendered":"
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The price of the world\u2019s second-largest cryptocurrency, ether (ETH), has risen by more than 2.3% in the last 24 hours, while the broader CoinDesk 20 Index has risen by just 0.76% during the same period. Bitcoin is down around 0.3%.<\/p>\n<\/p>\n

The rise comes amid reports that Bybit, the cryptocurrency exchange that was hacked for $1.5 billion<\/a> worth of ether and staked ether by North Korean hacking group Lazarus, has moved 100 million USDT into new addresses and moved half of that into addresses to purchase 36,900 ETH over-the-counter.<\/p>\n<\/p>\n

The funds, worth around $101 million, were then moved to addresses tagged as belonging to the cryptocurrency exchange, crypto journalist Colin Wu reported<\/a>, citing, Arkham Intelligence data.<\/p>\n

Bybit\u2019s CEO Ben Zhou reportedly said in an \u201cask me anything\u201d session that the company\u2019s assets are \u201cfar greater than $1.5 billion,\u201d adding that \u201cthere is a cold wallet in safe with nearly 3 billion US dollars in USDT,\u201d according to the same source<\/a>.\n<\/p>\n

Bybit\u2019s hacker is now holdings an estimated 489,000 ETH valued at approximately $1.34 billion, around 0.4% of ether\u2019s total supply, which makes it the 14th-largest holder of the cryptocurrency.<\/a><\/p>\n<\/p>\n

The addresses associated with the hacker are now closely monitored in the space and are blacklisted by major cryptocurrency exchanges. <\/p>\n<\/p>\n

\u201cThe stolen funds have already been marked, making it extremely difficult for the hacker to use them. Any attempt to transfer these funds to a major exchange would result in an immediate block,\u201d StealthEX CEO Maria Carola told CoinDesk.<\/p>\n<\/p>\n

Since the hacker may not be able to use the funds in any way, some analysts are suggesting<\/a> that the 0.4% of the ETH supply it holds is \u201cessentially gone.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The price of the world\u2019s second-largest cryptocurrency, ether (ETH), has risen by more than 2.3% in the last 24 hours, while the broader CoinDesk 20 Index has risen by just 0.76% during the same period. Bitcoin is down around 0.3%. The rise comes amid reports that Bybit, the cryptocurrency exchange that was hacked for $1.5 […]<\/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-14513","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\/14513","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=14513"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14513\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}