Ben Zhou, Bybit's CEO, said that the hack had affected around 401,000 Ethereum and sparked a surge in withdrawal requests.
Bybit experienced a significant security breach, marking one of the largest hacks in cryptocurrency history. Hackers ...
The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to ...
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Cryptopolitan on MSNBen 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. The exchange has enough reserves to compensate all users in kind, and is ...
Bybit CEO Ben Zhou confirmed the incident, stating that the exchange’s ETH cold wallet was compromised due to a sophisticated ...
Bybit’s $1.4B hack revealed security flaws, with experts from Ledger, Fireblocks, and CZ urging MPC wallets, off-chain ...
Bybit's reserves still exceed user assets despite a more than $5 billion decrease in total assets following the $1.4 billion ...
What happened to Bybit? Insights into the biggest-ever crypto heist in history which is possibly linked to the Lazarus Group.
Crypto exchange Bybit was attacked Friday, CEO Ben Zhou confirmed, with more than $1.4 billion worth of funds apparently ...
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Cryptopolitan on MSNBybit restores nearly half of Ether reserves following $295M OTC purchaseCryptocurrency firm Bybit has restored nearly half of its Ether (ETH) reserves after a massive crypto hack that rattled the ...
In a remarkable display of resilience and professionalism, Bybit, the world's second-largest cryptocurrency exchange by trading volume, has successfully navigated the largest hack in crypto history.
In the aftermath of a $1.4 billion Ethereum (CRYPTO: ETH) heist, cryptocurrency exchange Bybit has launched a recovery bounty ...
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