The prices of cryptocurrencies fell on Friday, reverting early profits in the reports that Crypto Exchange Bybit was watching cryptography outings of $ 1.5 billion in a possible security incident.
Bitcoin (BTC) slid about $ 97,000 after spending about $ 100,000 before during the day, while Ethher (ETH) fell almost 4%, submerging below $ 2,700.
The sudden liquidation recession of approximately $ 100 million in negotiation positions of leverage, overwhelmingly yearns that prices increase, show the coinglase data.
The movement occurred after Blockchain detective well followed Zachxbt pointed out an ETH exit of $ 1.5 billion “suspect.” Ben Zhou, CEO of Bybit, confirmed the hack in an X post.
Update (February 21, 16:07 UTC): Add details about liquidation and updates of price actions.
Read more: Bitcoin and Ether fall with a possible $ 1.46b $ 1.46b
