The largest financial hack in history could provide a silver lining for the price of the atherium because Bibit announced a complete recovery, Bitfinex analysts wrote.
Hackers, it is believed that the notorious North Korean Group Lazarus stole approximately $ 1.5 billion in Atherium (Ath) And last week Ether derivatives from Crypto Exchange Bibit.
The price of Ethereum, which showed Tepid action before hack, weakened by bybit breach and later due to market instability. Discussion about the effect of hack flooded social platforms, but bitfinex analysts believe that the price of ether may benefit from the event.
Analysts wrote in the Bitfinex Alpha Market, “If the bifet needs to recur the customer funds, they can be forced to buy a large amount of ETHs,” analysts have written in Bitfinex Alpha Market. Report,
Last Friday, by his cold wallet lost more than 400,000 Eth. However, Baibit CEO Ben Jhou said that the exchange had covered the loss till 24 February. Jhou also published a proof-off-region audit to restore community confidence after the attack.
Lukanchain’s data executed ETH purchases to the platform, secured loans from bridge partners, and received large deposits from whales. Analysts at Bitinux wrote that through ETH and other routes in the open market, “some sales pressure can compete and even drive prices more.”
Ethereum, most of the cryptos in the correction phase says
Bitfinex analysts stressed that the possible price of Ethereum due to the market activity of Bybit was only one possibility. According to the report, the comprehensive digital asset market was highly unstable, with the largest cryptocurrency stuck in a improvement phase.
The report said, “Bitcoin, Atherem and Solana declined by rallies in November and December 2024 in February, while Memcoins, which has increased in December, has rapidly declined by 37.4%,” the report said in the report. Is.
Analysts stated that Crypto’s monthly open interest also declined as traders reduced leveraged positions “in response to the combination of weak market speed and increase in uncertainty,” analysts said. According to Bitfinex, macroeconomic clarity will possibly determine the next major step for the bitcin (BTC) and the comprehensive crypto market.
