📢Hacker behind the Bybit exploit now holds more Ethereum than Ethereum’s own creator.

➡️Bybit Hacker: 489,000 ETH ($1.29 BILLION)

➡️Vitalik Buterin: 277,000 ETH ($731 MILLION)

What do you think will happen now?

web 3 lover,
Car lover ,
optimistic and confident,
LFG.

Nothing for the short term. 

I believe they're supposed to enroll the SUI model for tackling that hack. 

Freeze the assets and propose a governance to decide how the asset is used. 

It'll deter hackers and scammers long term

Determined Learner|| Drop hunter|| Defi analyst|| Solana ❤️‍🔥|| Invictus maneo

Abuja, Federal Capital Territory, Nigeria

The SUI community has approved an ongoing proposal stating : "whether to return stolen assets of Cetus Protocol through a special transaction " with 58.8% currently in favor.
As a result, $162 million frozen asset will be transferred from the hackers wallet to a multisig wallet controlled by Cetus Protocol, The Sui Foundation and OtterSec. 

More information here👉 https://sui.scan.space/vote

Web3 / crypto enthusiast | Trader | content creator | community moderator. Learning, building and developing on the decentralized system.

I wrote more about it here
https://farcaster.xyz/sino/0x34927121