Comment by scrlk
4 months ago
I wouldn't be surprised if Bybit cuts a deal with the hacker to return the funds. There's no way that $1.46 billion of marked ETH can be liquidated and off-ramped to fiat.
4 months ago
I wouldn't be surprised if Bybit cuts a deal with the hacker to return the funds. There's no way that $1.46 billion of marked ETH can be liquidated and off-ramped to fiat.
That’s well within the daily trading volume.
Well within real daily trading volume is less clear.
https://www.forbes.com/sites/javierpaz/2022/08/26/more-than-...
Exchanges will blacklist the addresses that hold the hacked ETH. They won't be able to deposit, or if they can deposit, the ETH will be frozen by the exchange.
I am sure there are still plenty of suckers who believe the whole "cryptocurrencies are fungible" narrative, and would get those ETHs with a discount.
It is on eth and they can use decentralized exchanges.
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Tornado cash and similar exist
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