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Bybit CEO: Agrees with CZ's view, if the internal system is breached, all withdrawals will be immediately suspended

12 hours ago

On February 22nd, Ben Zhou, the CEO of Bybit, posted on social media and said, "I am in agreement with CZ's perspective. If this hacking incident had occurred through penetrating our internal systems (such as a part of the withdrawal system) or a breach of the hot wallet, we would have immediately suspended all withdrawals until the root cause was determined. However, in yesterday's incident, our ETH cold wallet (which we use Safe) was compromised, and this is not related to any of our internal systems. Therefore, I am able to make a decisive decision to allow Bybit's withdrawals and system functions to operate normally. During last night's crisis, Binance and CZ, as well as many partners and industry leaders, voluntarily provided assistance. For this, we are deeply grateful and feel extremely warmed by the support we received. This incident has been a huge setback for Bybit, but the entire industry has demonstrated the power of unity. I believe that from now on, everything will only move in a better direction."
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