On-chain analyst EmberCN revealed that the Bybit exchange hacker has laundered 89,500 ETH in the past two and a half days. According to the firm, the hacker has laundered nearly $224 million, which was 18% of the total Ethereum he stole (499,

Bybit has fallen victim today to one of the largest crypto hacks ever recorded, with hackers reportedly stealing over $1.4 billion worth of ETH.

Bybit’s $1.4 billion hack, the largest in crypto history, might have unexpected implications for Ethereum. As the exchange moves to recover, could this be a bullish catalyst for ETH?