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Bitcoin Stabilises Following Hacking Scandal
Bitcoin prices remain in shaky territory on Monday morning following the hacking scandal which rocked crypto markets late last week. Hackers carried out the largest ever crypto heist on Friday, stealing $1.5 billion from crypto exchange Bybit. The theft sparked massive outflows with the exchange seeing almost $6 billion in capital leaving the platform as news of the theft broke. While CEO Ben Zhou quickly reassured investors that it could comfortably cover the loss, outflows continued through the weekend. The crypto market has occasionally been hit by similar events, though not of this scale before, which often leads ... (full story)
