Bybit News: Impact of Bybit Hack on Hedera (HBAR) Price

Hedera (HBAR) Price Prediction for March 15

In the past 24 hours, Hbar has seen a notable recovery aiming for $0.2 but faces challenges breaking through. The price is currently consolidating with a modest increase of 0.9%, reaching a high of $0.1985. Trading volume has decreased by 4% to $318 million. Over a longer timeline, HBAR’s price dropped below $0.39 on December 3 and has continued to decrease since then, crashing below $0.2 on February 3. The recent hack in Bybit pushed the price toward $0.2. In the last 24 hours, Hedera’s market capitalization surged by 0.58% to $8.16 billion. HBAR’s price is experiencing heightened volatility as it hovers around the $0.2 mark.

Lazarus Group Converts Stolen ETH to BTC, Becomes $1B Bitcoin Whale

The Lazarus Group, responsible for the recent $1.5 billion Bybit hack, has converted some of its stolen ETH into BTC, now holding 13,518 BTC worth approximately $1.13 billion. This makes North Korea potentially the fifth-largest nation-state holder of BTC, behind the United States, China, the United Kingdom, and Ukraine. Lazarus’ holdings are also larger than those of Bhutan and El Salvador. The conversion was confirmed by Arkham Intelligence.