Bybit is working to recover after suffering a significant hack that resulted in a loss of $1.4 billion. In a show of solidarity, the competitor crypto exchange Bitget transferred 40,000 Ethereum (ETH ($2,950.73)) 
$2,738, valued at $105 million, from its own reserves to support Bybit. Despite facing a massive withdrawal demand following the attack, Bybit successfully processed 99% of these transactions.
Bybit Faces Trust Challenges
Following the attack, Bybit encountered a significant trust issue. Users, in a state of panic, attempted to withdraw their funds from the exchange. The company managed to complete over 350,000 withdrawal requests, and normal operations are continuing as planned.
Hackers utilized a privacy service called eXch to launder the stolen funds. Approximately 5,000 ETH was converted into Bitcoin 
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