Crypto Exchange is a solvent, as it has supported all user’s assets 1: 1 after “the biggest theft in all times”
CEPTO Exchange bybit assures customers that the company can meet all withdrawal requests after a huge cybersecurity security incident.
On Friday, Bybit witnessed a major security breach that allowed their thieves to withdraw ETHEREUM (ETH) with a value of $ 1.4 billion and STTH from the cold cold wallet.
Coinbase Executive Conor Grogan Calls The attack is the biggest theft in the recorded history.
“NK (North Korea) penetration of bybit is the biggest theft in all ages, and any means (the theft of the central bank from Iraq was about one billion dollars).
It is ~ 10x in dollars of DaO Hack terms for 2016 (that was much higher than the offer despite 15 % compared to <0.5 %).
We expect to see some invitations to the Ethereum fork here. “
On the social media platform X, CEO of BYBIT BEN ZHO He says The exchange of encryption witnessed more than 350,000 withdrawals requests hours after the attack, as customers took measures to protect their money.
It is too He says BYBIT customers should not worry about the stock exchange condition, highlighting that the company can deliver all the user assets.
“Bybit is the solvent. Even if this hack loss is not recovered, all customer assets are supported from 1 to 1, and we can cover the loss.”
In update, Chu He says Bybit was able to address all withdrawal requests without facing any major problems.
“12 hours of the worst penetration in history. All of the withdrawals have been treated. Our clouds system is now back to a regular pace, you can withdraw any amount and experience of not delay. Thanks for your patience and regret because this has happened.
Bybit will issue a full report on accidents as well as security measurements in the next few days. I will also keep you personally on any new updates. Thanks to all customers, friends and partners who helped us and support us during this 12 hours.
The real work has started now. “
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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