Cryptocurrency exchange Bybit successfully covered its $1.46 billion loss from a recent hacker attack through a combination of loans, whale deposits, and Ethereum (ETH) purchases, according to blockchain data from Lookonchain.
In an X post on February 24, Lookonchain revealed that Bybit received 157,660 ETH (approximately $437.8 million) from one address, likely through over-the-counter buying.
Another 109,033 ETH ($304.1 million) came from an entity that bought ETH from both centralized and decentralized exchanges.