Ether (ETH), the second-largest cryptocurrency, has experienced a price increase of over 2.3% in the past 24 hours, while the broader CoinDesk 20 Index has only risen by 0.76%. This rise comes amid reports that Bybit, a hacked cryptocurrency exchange, has moved funds to purchase 36,900 ETH over-the-counter. Bybit's hacker now holds an estimated 489,000 ETH, valued at around $1.34 billion, making it the 14th-largest holder of the cryptocurrency. However, the addresses associated with the hacker are closely monitored and blacklisted by major cryptocurrency exchanges, making it difficult for the hacker to use the stolen funds. As a result, some analysts believe that the 0.4% of ETH supply the hacker holds is essentially unusable.



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