February 22, 2025
Cz Suggests Bybit Halt withdrawals, Offers HELP WITH $ 1.5B HACK thumbnail
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Cz Suggests Bybit Halt withdrawals, Offers HELP WITH $ 1.5B HACK

BYBIT CEO HAS SAID THAT The exchange is Solvent and withdrawals Remain Open.”, – WRITE: www.coindesk.com

BYBIT CEO HAS SAID THAT The exchange is Solvent and withdrawals Remain Open.Updated Feb 21, 2025, 7:54 PM UTCPUBLISHED FEB 21, 2025, 6:31 PM UTC

Binance Founder Changpeng Zhao (CZ) Has Recommended that Bybit Should Halt Withdrawals as A Security Precaution Following Friday’s $ 1.5 Billion Hack.

“Not An Easy Sity to Deal with. Might Suggest to Halt All Withdrawals for a Bit As A Standard Security Precaution. Will Provide Any Assistance IF Needed. Good Luck.

In Respons to Conceerns that It Wound Stoke Further Fear, Cz Adeded: “1.5 Billion Is Fear Enough. Better to Be Safe Than Sorry Now.”

Arkham Data Shows that Bybit Still Has $ 20 Billion in Assets, and The Company’s CEO, Ben Zhou, SAID THAT The Exchange “is Solvent Even if this hack loss is not recovered.”

Blockchain Sleuth Zachxbt Revealed That Hacker Is Beginning To Split Up The Stolen Ether, with Two Batches of 10,000 Eth Being Split Up Across 48 Addresses. $ 200 Million Worth of Meth & Steth Has Also Already Been Swapped on Decentralized Exchanges.

“We have been monitoring the bybit of incident Very Closely and Will Do Our Best to Assist Our Partners in Tracing The Relevant Funds, Providing All The Support Within Our Capabilites,”

Read More: Bybit Loses $ 1.5b in Hack But Can Cover Loss, CEO Confirms

Oliver KnightOliver Knight is the Co-LEADER OF COINDESK DATA TOKENS AND DATA TEAM. Before joining coindesk in 2022 Oliver Spen Three Years As the Chief Reporter at Coin Riveet. He First Started Investing in Bitcoin in 2013 and Spen A Period of His Career Working at A Market Making Firm in the UK. He does not currently have any crypto holdings.

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Oliver Knight

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