On February 22, COINOTAG News reported that Conor Grogan, a prominent executive at Coinbase, revealed on social media a significant development concerning the Bybit hacker. It is suspected that this hacker, allegedly linked to North Korea, has ascended to become the 14th largest holder of Ethereum globally. This individual now possesses approximately 0.42% of the total ETH supply, a figure that eclipses the holdings of both Fidelity and Ethereum co-founder Vitalik Buterin. Notably, the hacker’s accumulation exceeds the combined assets held by the Ethereum Foundation, raising concerns about the implications of such large-scale holdings by unidentified entities. This event underscores the growing intersection between cybersecurity threats and the volatility of cryptocurrency markets, a topic of increasing importance for investors and stakeholders alike.
Source: https://en.coinotag.com/breakingnews/bybit-hacker-becomes-14th-largest-eth-holder-surpassing-vitalik-buterin-and-fidelity/