Ether needs a break above the key $3,000 psychological level to reverse its two-month downtrend, which now hinges on investor sentiment following the largest financial hack in crypto history. The world’s second-largest cryptocurrency has been in a downtrend since peaking above $4,

On-chain sleuthing linked Friday's $1.4 billion hack of crypto exchange Bybit to North Korea's Lazarus Group, Arkham Intelligence said.

Bybit’s $1.4 billion Ethereum hack has been reportedly linked to the notorious Lazarus group. As expected, this triggered a withdrawal frenzy as investors exited the crypto exchange en masse. In fact, according to Bybit’s founder and CEO Ben Zhou, the exchange saw record withdrawal requests, but they were all handled smoothly.