In response to the recent $1.4 billion security breach, Bybit has implemented several measures to address the situation and enhance security:
1. Withdrawal Processing and Assurance: Bybit’s CEO, Ben Zhou, confirmed that despite the breach, the exchange remains solvent. The company has processed over 350,000 withdrawal requests promptly and has fully restored its withdrawal system to normal operations. 
2. Investigation and Attribution: Blockchain security experts, including independent analyst ZachXBT, have attributed the attack to North Korea’s Lazarus Group. This conclusion is based on detailed on-chain analysis and transaction patterns. 
3. Bounty for Information: To aid in the recovery of the stolen assets, Bybit has offered a $140 million bounty for information leading to the identification and apprehension of the perpetrators. 
4. Security Enhancements: Bybit is collaborating with blockchain security experts to investigate the attack and plans to release a comprehensive incident report. The exchange is also implementing new security measures to prevent future incidents. 
These steps reflect Bybit’s commitment to transparency and the security of its users’ assets.
