CZ Recommends Bybit Suspend Withdrawals After $1.5 Billion Hack
Binance founder Changpeng Zhao (CZ) advised Bybit to pause withdrawals as a security measure after a $1.5 billion hack on the exchange.
- CZ stated the situation is challenging and emphasized the importance of safety.
- Bybit has $20 billion in assets, with CEO Ben Zhou confirming solvency despite the hack loss.
- The hacker has started dispersing stolen ether, splitting 10,000 ETH across 48 addresses.
- $200 million worth of mETH & stETH has been exchanged on decentralized platforms.
- Justin Sun from Tron expressed readiness to assist in tracking the stolen funds.