mETH Protocol announces $43 million recovery from Bybit hack, while Tether freezes $181,000

ETH liquid staking and restaking protocol mETH Protocol has announced the recovery of 15,000 cmETH tokens, worth about $44 million, from the hacking group responsible for the $1.4 billion exploit of centralized exchange ByBit. Tether CEO Paolo Ardoino also announced $181,000 worth of USDT linked to the hack has been frozen. The recoveries already surpass the sums recovered from prior Lazarus Group hacks, such as the exploits of the Ronin and Harmony bridge protocols.