Big news in the world of cryptocurrency! A huge hack happened at Bybit, a cryptocurrency exchange. Hackers stole lots of Ether (ETH), a type of digital money like Bitcoin. But the story has some twists and turns!
- Hackers took about $740 million worth of Ether.
- Bybit tried to secretly buy back the stolen Ether.
- The price of Ether went down after the initial rise.
- Many traders lost money because they expected the price to go up.
| Fact | Number |
|---|---|
| Amount stolen | $740 million |
| Ether price drop (Feb 24) | 5% |
| Ether price increase (Feb 21-23) | 6.7% |
| Ether futures open interest drop (Feb 24) | 0.3 million ETH |
Experts are talking about why the price of Ether didn't go up like some people thought it would. It shows how risky investing in cryptocurrency can be!
