Cryptocurrency prices declined on Friday following reports of a potential security incident at the crypto exchange Bybit. Bitcoin dropped to around $97,000, while ether fell below $2,700, resulting in the liquidation of approximately $100 million worth of leveraged derivatives trading positions. The downturn occurred after a notable blockchain investigator identified a suspicious ETH outflow of $1.4 billion. Bybit CEO Ben Zhou confirmed the hack in a post.



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