Bybit Faces $1.5 Billion Hack, CZ Advises Withdrawal Halt
- Binance founder Changpeng Zhao (CZ) suggests Bybit halt withdrawals after a $1.5 billion hack.
- Bybit retains $20 billion in assets and remains solvent, according to CEO Ben Zhou.
- The hacker is splitting stolen ether into smaller amounts across multiple addresses.
- $200 million in mETH and stETH has been swapped on decentralized exchanges.
- Tron founder Justin Sun offers support in tracking the stolen funds.
Following a $1.5 billion hack, Binance’s CZ recommended Bybit pause withdrawals as a precautionary measure, while Bybit maintains its solvency with $20 billion in assets.
Source (2.6)https://www.coindesk.com/business/2025/02/21/cz-suggests-bybit-halt-withdrawals-offers-help-with-usd1-5b-hack?rand=52298
