Bybit repays Bitget's 40,000 ETH loan after $1.4B hack, ensuring smooth withdrawals for users.

From Coin Telegraph
February 25, 2025 02:23:42 AM:

Bybit repaid a 40,000 ETH loan from Bitget following a $1.4 billion hack by the Lazarus Group, ensuring smooth withdrawals for users.

The hack, attributed to the Lazarus Group, resulted in a $1.4 billion loss and prompted Bybit to quickly repay the 40,000 ETH loan from Bitget to maintain user trust and ensure smooth withdrawals.

Read more at Cointelegraph: Bybit repays Bitget’s 40,000 ETH loan after $1.4B hack