ETHEREUM DROPS AMID BYBIT HACK FEARS
ETHEREUM DROPS AMID BYBIT HACK FEARS
Ethereum drops 5% in 24 hours, trading around $2,650.
Concerns grow over further downside following the Bybit hack.
The hack resulted in the theft of 401,000 ether, valued at $1.5 billion.
The incident, suspected to be linked to North Korea’s Lazarus group, occurred during a wallet transfer.
Fears grow that stolen ether may be sold, putting downward pressure on Ethereum’s price.
