Bybit News: Hedera (HBAR) Faces Price Decline Amidst Market Volatility and Bybit Hack

Hedera (HBAR) Price Prediction for March 6

Over the last 24 hours, the price of HBAR has attempted a recovery towards $0.26 but failed, resulting in a 2.6% drop to $0.2431. Trading volume has also decreased by 4.93% to $890 million. In a longer timeline, HBAR’s price has been decreasing since December 3, 2022, with a significant drop below $0.2 on February 3. The recent hack in Bybit also pushed the price towards $0.2. In the last 24 hours, Hedera’s market capitalization has dropped by 2% to $10.13 billion.

Safe Wallet Reveals Bybit Hack Details, Calls for Community Action

Safe Wallet has released new details on its forensic investigation into the recent Bybit hack, conducted in collaboration with Mandiant, a cybersecurity firm now part of Google Cloud. The latest findings provide a deeper understanding of how the attack unfolded, confirming the involvement of a North Korean-linked hacking group and outlining crucial security lessons. Evidence strongly suggests that this was a highly sophisticated, state-sponsored attack. The company is releasing these findings in the spirit of transparency, aiming to help other organizations strengthen their security posture.