news 
Title: Bybit Address Moves $48M in 11 Hours: 34,800 ETH Purchased and Deposited
A staggering transaction has sent shockwaves through the cryptocurrency market. A Bybit wallet address moved a whopping $48 million in just 11 hours, purchasing an enormous 34,800 ETH and depositing the entire amount back into Bybit.
The massive crypto hack that led to this unprecedented transaction is under investigation by security firms and blockchain investigators. In response to the crisis, Bybit unveiled a $140 million Recovery Bounty Program, offering 10% of any recovered funds to security experts and blockchain investigators who can help track down and reclaim lost assets.
This sudden surge in transactions has fueled speculation about institutional trading strategies or potential security-related responses.
