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Ben Zhou, CEO: Bybit is solvent, will cover all claims despite a growing withdrawal queue
Bybit will repay all users, though some of the lost Ethereum (ETH) may be secured via a bridge loan for short-term claims.
CoinDesk12h
Bybit Sees Over $4 Billion ‘Bank Run’ After Crypto’s Biggest Hack
The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to ...
The Tech Report2h
Bybit Falls Victim to One of the Largest Crypto Thefts in History
Bybit suffered one of the largest crypto thefts in history, with $1.5 billion stolen from its cold wallet during a routine ...
What we know about the $1.5 billion Bybit crypto hack
Ben Zhou, Bybit's CEO, said that the hack had affected around 401,000 Ethereum and sparked a surge in withdrawal requests.
Bybit Offers $140M Bounty In Wake of $1.4B ETH Hack, Investigation Focuses On Safe
In the aftermath of a $1.4 billion Ethereum (CRYPTO: ETH) heist, cryptocurrency exchange Bybit has launched a recovery bounty ...
Bitcoin, Ethereum, and Dogecoin slump amid Bybit’s $1.4 billion security breach
Bybit CEO Ben Zhou confirmed the incident, stating that the exchange’s ETH cold wallet was compromised due to a sophisticated ...
Cryptopolitan on MSN15h
Bybit launches $140 million recovery bounty program for stolen $1.5 billion
Bybit is putting $140 million on the table for anyone who can help recover the $1.5 billion in stolen crypto from the biggest ...
CoinDesk1d
Bybit CEO Labels Pi Network a Scam, Citing Official Police Warning
Bybit CEO Ben Zhou said Thursday that his exchange will not list the Pi Network's PI token, which was controversially ...