Episode 497
📍 Bitcoin and Ether prices slumped after a massive $1.4 billion hack on crypto exchange Bybit, with Bitcoin dipping to $97,000 and Ether below $2,700.
📍 The hack is considered the largest cryptocurrency hack in dollar terms, surpassing the Mt Gox Hack, CoinCheck hack, and Ronin Bridge exploit, with $200 million already liquidated on decentralized exchanges.
📍 Prior to the hack, Bitcoin had risen to its highest price in over a week, nearing $100,000, after Coinbase announced the SEC agreed to dismiss its charges against the firm, but the hack reversed this upward trend.
