BYBIT LOSES $5B IN 24H AFTER MASSIVE HACK—BUT HANDLES IT LIKE A PRO! 🚨💰
Bybit suffered a $1.5B hack, triggering a $5.2B drop in reserves as withdrawals surged. Despite the chaos, CEO Ben Zhou assured users that all transactions were processed within 12 hours. The exchange even secured $172.5M in emergency funds to stabilize operations.
Industry leaders praised Bybit’s swift, transparent response, calling it a crisis management “masterclass.” The hack was linked to North Korea’s Lazarus Group, making fund recovery difficult.
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