The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to access frozen funds.

The survey found that investors entered the cryptocurrency space looking for significant returns and financial freedom.

The rise comes amid reports that Bybit has allocated 100 million USDT to a new wallet to buy the cryptocurrency.

The regulator’s decision comes after Coinbase said the SEC will vote on a deal to abandon its enforcement case against it.

Ether trades 2% higher as the hacked ETH is seen as a permanently lost supply.

“At Bitget we strongly believe in supporting the community and everyone contributing towards the growth of crypto,” company CEO Gracy Chen told CoinDesk.

I would support it because we already voted no on immutability in 2016, Hayes said on X. Others are worried that a potential rollback would hurt the Ethereum ecosystem.

The token is down by more than 60% since launch.

Lazarus Group was behind Bybit’s $1.5 billion hack on Friday, Arkham Intelligence said, citing ZackXBT.

The week’s uptrend was quickly upended by the hack at crypto exchange Bybit.