Hacker Cashes Out $2.1M of Stolen PEPE as Bybit Snaps Up $455K
A hacker who swiped $40M worth of PEPE has started cashing out, selling $2.1M of the stolen tokens. Meanwhile, Bybit is scooping up the meme coin, buying over $455,000 since the hack, according to @MrketInsider on X. The moves highlight the wild aftermath of a massive crypto heist.
The hacker behind a $40 million PEPE heist isn't sitting on the loot. According to @MrketInsider on X, the thief has already unloaded $2.1 million worth of the stolen meme coin. That leaves a hefty $37.9 million still in the hacker's clutches, based on the original haul.
Bybit, meanwhile, is playing the other side. The crypto exchange has snapped up over $455,000 in PEPE since the hack went down, per @MrketInsider. That's a bold move amid the chaos.
The hack itself was a massive score: $40 million in PEPE swiped. Now the hacker is slowly liquidating, while Bybit accumulates. The crypto world is watching every move.
Details are still coming in, and @MrketInsider is tracking the wallet flows. The hacker's remaining stash is worth roughly $37.9 million at the original valuation. Bybit's buying spree is a curious counterpoint to the theft.
What's next? The hacker still holds the majority of the stolen $40M, and Bybit has made its $455,000 purchase. For now, the numbers are stark: $2.1 million sold, $455,000 bought. The meme coin drama is unfolding.
TopicsPEPE · Bybit · MrketInsider
Source: x.com
Written by Paparazzi with AI. Not financial advice.