Bybit Ethereum reserves have recovered to 50% of pre-hacker levels

Odaily News Bybit exchange was hacked and lost more than $1.4 billion worth of liquid staked ETH, mETH, and other ERC-20 tokens. However, according to CryptoQuant data, within two days of the hack, Bybit replenished its ETH reserves to nearly 50% of the pre-hacker level. According to Lookonchain monitoring, Bybit may have purchased a total of 106,498 ETH ($295 million) through OTC in the past 24 hours. (Cointelegraph)