Bybit suffers major hack with over $1.46 billion in Ethereum stolen

[nelson4lov]

Hard to believe Bybit survived the biggest hack in crypto just a few weeks ago and somehow they have managed to redeem themselves by filling the gap in their balance sheet. I remember tons of exchanges that were hacked for way less like Cryptopia for $24m and that crippled the exchange. Still, this is a wake up call because not all exchanges might be able to handle it like Bybit did.

[Sonia_123]

Bybit asks DAO to return fees earned from hack transactions.
https://cointelegraph.com/news/bybit-hack-paraswap-dao-fees-refund

ParaSwap DAO members were split, with some supporting the conditional return of the fees and others voting against the refund.
Bybit confirmed it was behind a proposal requesting that decentralized finance (DeFi) protocol ParaSwap return fees earned from swaps conducted by the Lazarus Group using digital assets stolen from the exchange.

On March 4, a proposal was posted on ParaSwap’s decentralized autonomous organization (DAO) forum asking to freeze and return 44.67 Wrapped Ether (wETH), worth almost $100,000, to a wallet address.