Ethereum Bounces Back as Bybit ‘Closes Gap’ on Hack Losses

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Ethereum prices displayed resilience over the weekend, rapidly bouncing back from a slump following the massive hack of the Bybit crypto exchange. The asset slumped 7% in a matter of hours on Feb. 21, falling from $2,832 to $2,629 in the wake of the $1.4 billion Bybit hack of Ethereum assets. However, ETH tapped $2,800 in late trading on Feb. 23, following a recovery, but has lost some steam since then once again. Bybit Closing The Gap On Feb. 24, Lookonchain reported that the exchange had recei...