Crypto market in loss due to effect bybit by

Crypto market has volatility for the last few weeks. Last week, bybit, one of the large crypto exchanges, has had a major impact on this market due to a loss of $ 1.5 billion from hacking. The price of the most popular cryptocurrency Bitcoin decreased by about 0.70 percent on Monday.

International Crypto Exchange after this report is published Binance But the price of bitcoin was at $ 95,700 with a loss of 0.62 percent. The second largest cryptocurrency Ether had a decline of about 3.50 percent. The Ether’s price was trading at $ 2,702. Other disadvantage of the disadvantage included Cardano, Solana, Polkadot, Stellar, LiteCoin, BNB and XRP. Some cryptocurrency prices like Tron and Cronos have increased. In the last one day, Crypto’s market capitalization declined by about 1.21 percent to about 3.14 million million dollars.

On the previous weekend, the price of bitcoin had reached near one million dollars, but after this it has dropped significantly due to hacking in the bybit exchange. Many other cryptocurrencies have also fallen. The hacker has stolen a cryptocurrency of about $ 1.5 billion by breaking into the system of Bybit. It is being described as the biggest theft of cryptocurrency. Ether has been stolen in this hacking. This has broken the price of the Ether.

The Chief Executive Officer of Bybit, Ben Zhou, has reported that the hacker had controlled one of the offline Etreum Wallets of the exchange. However, the total damage to the exchange in this hacking has not been detected. Bybit may cause a loss of about $ 1.5 billion. The hacker has started selling stolen cryptocurrency. This cryptocurrency is being sold on a new address. Recently, bybit had said that it has paid a fine of more than nine crore rupees in India. The Financial Intelligence Unit (FIU) imposed a fine on Bybit for not following the rules. Along with this, this Crypto Exchange of Dubai has also registered with FIU. This exchange started in 2018. Bybit claims that it has a user base of over four crore in many countries.