<ul><li>Cryptocurrency exchange Bybit purchased around 266,700 ETH worth $742 million in 48 hours.</li><li>Bybit strategically responded to the hack by making over-the-counter transactions with industry heavyweights FalconX, Galaxy Digital, and Wintermute.</li><li>Prominent platforms within the cryptocurrency sector collaborated to block stolen funds and prevent further laundering of assets.</li><li>Bybit's recovery effort is on track, with strategic purchases, whale deposits, and loans netting the exchange 446,870 ETH, or $1.23 billion, since the incident.</li></ul>

Bybit Moves Fast: $742M ETH Purchase Follows $1.4B Hack—Damage Control?

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