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Ben Zhou, CEO: Bybit is solvent, will cover all claims despite a growing withdrawal queueBybit will repay all users, though some of the lost Ethereum (ETH) may be secured via a bridge loan for short-term claims.
Ben Zhou, Bybit's CEO, said that the hack had affected around 401,000 Ethereum and sparked a surge in withdrawal requests.
Cryptocurrency exchange Bybit has suffered a significant security breach, resulting in the theft of approximately $1.5 ...
The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to ...
Dubai-based cryptocurrency exchange Bybit reported on Friday that hackers stole USD 1.5 billion worth of digital assets in ...
On Friday, crypto exchange Bybit revealed that a hack linked to a cold wallet led to a loss of 401,346 Ethereum, worth USD1.4 ...
Bybit CEO Ben Zhou has pledged to pursue all possible avenues to recover the funds stolen during the recent hack linked to ...
Together, we can build a stronger defense system against cyber threats,” said Ben Zhou, co-founder and CEO of Bybit. Bybit will continually update this list to assist partners in effectively ...
Bybit CEO Ben Zhou confirmed the incident, stating that the exchange’s ETH cold wallet was compromised due to a sophisticated ...
What happened to Bybit? Insights into the biggest-ever crypto heist in history which is possibly linked to the Lazarus Group.
As part of the investigation and recovery efforts, Bybit is pledging 10% of recovered funds to reward ethical cyber and ...
The crypto industry rallied around Bybit, demonstrating a united front against security threats. Major exchanges blacklisted the hacker's wallets, preventing further movement of stolen funds. This ...
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