Bybit processes R$31 billion in withdrawals after suffering the biggest hack in history
Bybit brokerage processed more than R$31 billion in cryptocurrency withdrawals in the last 24 hours. On Friday morning (22), the brokerage lost R$8.2 billion in a hacker attack, generating a rush of withdrawals on the platform.
In a live broadcast held after the incident, Ben Zhou, CEO of Bybit, stated that his brokerage was solvent and had more than enough assets to cover the losses. However, this was not enough to prevent the withdrawals.
About 10 hours after the hack, Bybit had already processed more than 350,000 withdrawal requests.
