Bybit has seen a sharp decrease in its asset reserves, as it lost more than $ 5 billion within 24 hours after being hacked at a value of $ 1.5 billion.
Despite the relapse, the stock exchange crises management has attracted widely praise of industry leaders.
Huge draws, stability test bybit
Data From Defillalama, the BYBIT reserves have shrunk by about $ 5.2 billion within 24 hours. Despite the decrease, the data confirm the series that the stock exchange still has more than $ 11.4 billion of assets.
The diving has followed an increase in withdrawal requests, with more than 350,000 transactions that flooded the platform. Ben Chu, CEO of BYBIT, stated that employees have worked overnight to address accumulated business. Later on, the users confirmed that the withdrawals had returned to normal.
“12 hours of the worst penetration in history. All withdrawal operations have been treated. Our withdrawal system is now returning to a regular pace, you can withdraw any amount and experience of not delay. All BYBIT and the product function are functional, and the entire team was awake all night to address customer’s questions and interests And answer it, “zhou Add.
Meanwhile, BYBIT received $ 172.5 million of emergency loans within seven hours to boost their reserves. Blockchain Analytical Company Spotonchain I mentioned The money came from multiple platforms, including Binance, Bitget and Mexc.
On February 21, a security breach of bybit’s ethereum Multisig Cold Wallet. According to Zhou, the attack arose from a convincing treatment that was transferred from a cold portfolio to a warm portfolio, giving unauthorized access to the infiltrator.
Unlike many exchanges that freeze clouds after the attack, the Bybit allowed the transactions to continue, and prevent broad panic among users.
The industry is hunting by response bybit
Attract the rapid and transparent treatment of the crisis from the main industry characters.
Cassie Taylor, Cassi Taylor, Cassie Taylor, described the response as “Masterclass in Crisis Etisalat”. Taylor highlighted how Chu personally tackled the situation within 30 minutes of the first general report, preventing market speculation.
“The BYBIT response was a quick, transparent and well -short response … instead of only reaction, they implemented the play book. The result is clear – people believe this has been brilliantly dealt with, Taylor Make up.
Jay Young, founder of Ethaina Labs, chanted this feeling, describing the BYBIT crisis management as a standard in this field.
“I don’t think I have seen a team that deals with crises contacts as they did. I stood up to face music immediately to provide transparent answers to society. For example, we all have to look for,” Yong Note.
Austin Fedira, co -founder of Double Zero, also praised his rapid and transparent approach. He emphasized that traditional crisis management tactics often fail in Web3, making the BYBIT response a model for others.
“These situations are very difficult, but [ByBit] The team quickly responded, with sympathy, and with the facts that they knew were real … and the only strategy in Web3 is transparency, humility and clarity. I mentioned.
Reports confirmed that the notorious Lazarus Group in North Korea carried out a breastfeed. The recovery of such huge money will be difficult, especially from the representative of the nation -state such as Lazaros.
Disintegration
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