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Bybit Closes 'ETH Gap'

Bybit has ‘fully closed the ETH gap’ CEO says after $1.4B Lazarus hack

Bybit CEO Ben Zhou says his cryptocurrency exchange has fully replaced the $1.4 billion worth of Ether that was hacked on Feb. 21. A new audited proof-of-reserve report will be published very soon to show Bybit’s client assets are back at a 1:1 ratio through a Merkle tree,

cryptonews · 4h

Bybit CEO: ETH Gap Closed Post $1.4B Hack, Exchange to Publish POR Audit

Bybit CEO said the exchange has restored its Ethereum holdings after a $1.5B hack and will release a proof-of-reserves audit soon.

Business Insider · 4h

Bybit Closes 'ETH Gap' as Exchange Replenishes $1.4B Hole After Hack

Bybit has returned to a 1:1 backing of client assets and has fully closed the “ether gap” it faced after an unprecedented $1.4 billion hack hit

hack, Bybit and cryptocurrency

Markets Insider on MSN · 22h

What we know about the $1.5 billion Bybit crypto hack

Ben Zhou, Bybit's CEO, said that the hack had affected around 401,000 Ethereum and sparked a surge in withdrawal requests.

The Indian Express · 1h

Hackers steal $1.5 billion from Bybit in record-breaking crypto heist: What we know so far

The Bybit crypto heist surpasses a previous record in 2022, when hackers drained $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network. In 2019, the Binance exchange suffered another major crypto heist with hackers making off with $41 million worth of Bitcoin.

CoinDesk · 1d

Bybit Sees Over $4 Billion ‘Bank Run’ After Crypto’s Biggest Hack

The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to access frozen funds.

Coingape1h

Bybit Acquires 100% Ethereum Lost From the Hack In 48 Hours

Crypto exchange Bybit announced that it has recovered almost 100% of its Ethereum lost through loans and other OTC deals.

VN Express6h

Bybit CEO Ben Zhou sounds alarm again as Pi value more than halves

As Pi lost much of its value one day after it achieved open network status, Ben Zhou, CEO of crypto exchange Bybit, again posted a warning about the cryptocurrency.

The Daily Hodl15h

Bybit CEO Says Crypto Exchange Is Solvent, All User Assets Backed 1:1 Following ‘Largest Heist of All Time’

The chief executive of the crypto exchange Bybit is assuring customers that the firm can meet all withdrawal requests ...

cryptonews2h

Bybit Hack Proceeds May Now Be Routed Through Mixers: Elliptic

Hackers may launder Bybit’s $1.4B stolen funds through crypto mixers, but the large volume could complicate the process, ...

1don MSN

Bybit Offers $140M Bounty In Wake of $1.4B ETH Hack, Investigation Focuses On Safe

In the aftermath of a $1.4 billion Ethereum (CRYPTO: ETH) heist, cryptocurrency exchange Bybit has launched a recovery bounty ...

CoinDesk2d

Bybit CEO Labels Pi Network a Scam, Citing Official Police Warning

Bybit CEO Ben Zhou said Thursday that his exchange will not list the Pi Network's PI token, which was controversially ...

Australian Associated Press3h

Bybit Defies Odds: How the Largest Crypto Hack in History Became a Test of Resilience and Transparency

The crypto industry rallied around Bybit, demonstrating a united front against security threats. Major exchanges blacklisted the hacker's wallets, preventing further movement of stolen funds. This ...

14hon MSN

Bybit releases blacklisted wallets API to aid recovery program

The Bybit exchange released a blacklisted wallet application programming interface (API) on Feb. 23, following the recent ...

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