Bybit receives $600 million in ETH deposits from Mirana Ventures: Arkham
Quick Take
- After suffering a massive hack which resulted in losing about $1.5 billion, Bybit has received $600 million in Ethereum deposits via Mirana Ventures, according to Arkham Intelligence.
- On Monday, Bybit said it had closed the shortfall of its ETH holdings and the pace of withdrawals had slowed.
After suffering a massive hack that resulted in losing about $1.5 billion, Bybit has received $600 million in Ethereum deposits via Mirana Ventures, according to Arkham Intelligence.
According to the Mirana Ventures website, its "anchor capital providers" are also Bybit's co-founders.
"$600 million of ETH has been deposited to Bybit in the past 3 days by Mirana Ventures, making them the largest ETH depositor after the hack," Arkham said in a post to X. "Mirana Ventures appears to have acquired this ETH by selling $500 million BTC and $100 million USDT through FalconX, Galaxy Digital and Wintermute OTC."
Last week, Bybit lost over $1.5 billion worth of ETH-based tokens in a highly-targeted malware attack. The exchange secured a bridge loan to secure customer assets and facilitate withdrawals. Then, on Monday, Bybit said it had closed the shortfall of its ETH holdings, and the pace of withdrawals had slowed.
The North Korean hacker group Lazarus Group has been pinpointed as being responsible for the theft and hack of Bybit.
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