📌 Bybit: What's going on?

Over $1,500,000,000 in $ETH and stETH has been stolen.

What you need to know:

• All other cold wallets are safe and sound, and customer funds are unaffected.

• Withdrawals are continuing as normal, but there may be delays due to high request volume.

• Assets are 1:1 backed - all customer funds are fully protected.

• Proof of Reserves (PoR) can be verified on the Proof of Reserves (PoR) page.

• Only the ETH Cold Wallet is affected - all other assets are safe.

What Bybit is doing:

• Working with leading blockchain experts to track down the stolen funds.

• Investigating, including checking for a possible vulnerability in the SafeGlobal interface.

• Withdrawals are available to everyone - 70% of requests have already been processed.

• The exchange has sufficient reserves (over $20b AUM) and uses loans to provide liquidity when necessary.

• All Bybit services are fully operational – including trading, cards and P2P.

• Measures are being taken to prevent similar attacks in the future, regular updates are published in official channels.