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Mantle’s m
$ETH Protocol Recovers $43M from Bybit Exploit, Tether Freezes $181K
In a significant breakthrough, Mantle’s m
$ETH Protocol has successfully retrieved 15,000 cm
$ETH tokens valued at $43 million, which were stolen during the massive $1.4 billion Bybit security breach. The recovery was made possible due to the protocol’s strategically implemented withdrawal delay, preventing the hackers from swiftly liquidating the stolen assets.
The operation was spearheaded by Mudit Gupta from Polygon, who collaborated with the SEAL security team to track and reclaim the compromised funds. Their swift response played a crucial role in mitigating further losses, marking a major success in crypto security efforts.
Additionally, Tether took proactive measures by freezing $181,000 USDT associated with the exploit, reinforcing industry-wide security protocols. These early recoveries surpass previous incidents linked to the notorious Lazarus Group, including the Ronin Bridge hack, demonstrating an evolving landscape of blockchain security and response strategies.
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#InfiniHacked #ETH #LitecoinETF #VIRTUALWhale #BinanceAlphaAlert