On the night of February 21, 2025, at 11 PM, the entire cryptocurrency market was stunned by a shocking piece of news — the Bybit exchange was hacked, losing up to 500,000 Ethereum (ETH), approximately $1.47 billion. This incident quickly spread throughout the market, severely testing the confidence of the entire cryptocurrency community. With massive capital outflows and deteriorating market sentiment, I developed significant doubts about the platform's security. Although Bybit responded actively and assured that withdrawal channels were open, I still couldn't feel at ease. Faced with this situation, I realized that concentrating assets on one platform was too risky, and I had to find a safer and more flexible way to withdraw funds.

It was in this context that I heard about BiyaPay. Through discussions in the cryptocurrency community and recommendations from friends, I learned that BiyaPay is not just a convenient digital currency wallet; more importantly, it has excellent functions and security guarantees in terms of fund flow, remittance, and withdrawals. Unlike traditional exchanges, BiyaPay offers instant withdrawals without limits and quick exchanges between fiat and digital currencies, which greatly piqued my interest.

After further exploring BiyaPay, I found that it supports fast fund transfers and secure remittances globally. Most importantly, I decided to withdraw some funds from Bybit and transfer them to BiyaPay, utilizing its withdrawal and exchange functions to protect my asset liquidity.

The advantage of BiyaPay is that it provides a way to withdraw funds that are not frozen while ensuring the security of the funds. Through BiyaPay, I can transfer USDT from the exchange to the BiyaPay e-wallet, then exchange it for US dollars or other fiat currencies at a 1:1 ratio within the platform, and finally transfer it to my overseas bank account (such as Wise, banks in Hong Kong, Singapore, etc.), and then directly remit it back to my local bank account. This not only avoids the risks of unknown identities and funding sources in traditional OTC transactions but also significantly reduces the possibility of funds being frozen, ensuring the safety of my assets.