Hacker Launders $230M in ETH; Mirana Ventures Deposits $600M in Bybit; BlackRock Boosts Crypto Holdings

Generated by AI AgentCoin World
Tuesday, Feb 25, 2025 9:01 pm ET1min read

The hacker behind the Bybit exchange breach has continued to launder stolen funds, with a total of 135,000 ETH now moved through various transactions. In the past 24 hours alone, the hacker has laundered 45,900 ETH, demonstrating a persistent effort to convert the stolen assets into more liquid or untraceable forms.

As the investigation into the Bybit hack continues, it has been revealed that Mirana Ventures has deposited $600 million worth of ETH into the exchange, making it the largest depositor following the hacking incident. This significant investment suggests that the venture capital firm remains confident in the exchange's ability to recover from the security breach and maintain its market position.

Meanwhile, in unrelated news, the 1inch Investment Fund has spent $1.14 million to acquire 4.7 million 1INCH tokens. This purchase indicates a growing interest in decentralized exchange (DEX) platforms and the potential for increased liquidity and trading volumes in the 1inch ecosystem.

In another development, BlackRock, the world's largest asset manager, has deposited 18,168.3 ETH and 1,800 BTC to Coinbase in the last hour. This transaction suggests that BlackRock is continuing to allocate a portion of its assets to cryptocurrencies, reflecting the growing acceptance and integration of digital assets into mainstream investment portfolios.

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