Crypto exchange Bybit repaid the $104 million loan it borrowed from Bitget shortly after a massive $1.4 billion hack on February 21st. The hack, allegedly orchestrated by North Korea’s Lazarus Group, disrupted the crypto exchange operations but Bybit successfully recovered its stolen assets and resumed normal operations. The repayment came three days after the initial loan was issued. 0n February 25th, on-chain data confirmed that Bybit had repaid the borrowed 40,000 ETH to Bitget, which was later verified by Bitget CEO Gracy Chen, emphasizing that the loan was extended without interest or collateral. 7 Sources: Ben Zhou, Lookonchain. 446,870 ETH — worth around $1.23 billion — were recovered for Bybit through a combination of loans, whale deposits and asset purchases. This accounted for nearly 88% of the $1.4 billion stolen funds. The exchange’s efforts to restore customer confidence led to significant withdrawals, exceeding $5 billion on February 22nd, amidst uncertainties caused by the hack. , Bybit’s security measures were put to the test as more than 5 billion dollars was withdrawn in a short period of time.