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Bybit Restores Reserves After Hack: Secures 447,000 Ether Through Emergency Funding

  • Crypto exchange Bybit has replenished its reserves following a $1.5 billion hack.
  • The breach occurred during an internal transfer, and hackers redirected the funds to an unknown address.
  • Bybit secured 447,000 ether through emergency funding and restored its reserves.
  • A 10% bounty has been offered to recover the stolen funds, which were reportedly dispersed across 50 wallets.

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