Bybit CEO Ben Zhou published a statement on February 22 agreeing with CZ’s point of view and responding to the recent hacker attack on Bybit. He said that if the attack involves infiltrating internal systems (such as withdrawal systems or hot wallets), Bybit will immediately suspend all withdrawals until the source of the problem is confirmed. However, in this incident, the ETH cold wallet (using Safe) was hacked, which had nothing to do with the internal system, so Bybit decided to maintain normal withdrawal and system functions.

Zhou also thanked Binance, CZ and other partners for their support, and believed that this incident showed the solidarity of the industry. He admitted that the attack dealt a heavy blow to Bybit, but he believed that future development would be more robust.

Safety and coping mechanisms

Zhou’s statement reflects Bybit’s decision-making criteria in security incidents: if hackers penetrate internal systems, withdrawals must be suspended across the board to ensure asset safety. However, if the attack is limited to cold wallets, the platform can continue to operate.

This shows Bybit's classified management of risks, ensuring that operations are not completely interrupted by a single incident, but it also triggers a discussion on the security of cold wallets.

Industry cooperation and trust

The quick support from Binance and CZ shows the collaboration between large exchanges on security incidents, which may include tracking fund flows and providing technical support.

Such collaboration can increase user confidence in cryptocurrency exchanges and reduce panic caused by attacks.

Although Zhou said that the future will be positive, it is still worth paying attention to whether Bybit will strengthen the security mechanism of cold wallets and change its asset storage strategy.

If Bybit adopts stricter security measures, it may drive other exchanges to improve their protection standards and affect the security benchmark of the entire industry.

This incident highlights the security risks of cold wallets and also demonstrates the industry's resilience and spirit of cooperation. In the future, how exchanges can improve asset security will be the focus of market attention. $BNB $BTC $ETH #bybit被盗 #Binance