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BitcoinSistemi 2025-02-21 16:17:07

BREAKING: Hot Moments – Bybit CEO Talks About User Assets Affected by Massive Hack, Will They Be Made Whole?

BREAKING: Hot Moments – Bybit CEO Talks About User Assets Affected by Massive Hack, Will They Be Made Whole?

Ben Zhou, CEO of Bybit, who lost more than $1.46 billion in assets in a hack attack, spoke about possible user funds that could be affected by this attack when transferring funds from a cold wallet to a hot wallet. Zhou said in his statement that Bybit is financially strong, with all customer assets backed 1:1 and users will be able to cover their losses even if funds cannot be recovered. With the development, Bitcoin (BTC) fell to around $97,000 after hovering around $100,000 earlier in the day, while Ethereum (ETH) lost about 4% of its value and fell below $2,700. Related News: BREAKING NEWS: Bybit CEO Speaks Out About the Alleged Theft of a Huge Amount of Assets: He Confirmed the Hack Attack - Here's What He Said The sudden drop liquidated about $100 million worth of leveraged derivatives trading positions, the vast majority of which were long positions that predicted higher prices, according to CoinGlass data. *This is not investment advice. Continue Reading: BREAKING: Hot Moments – Bybit CEO Talks About User Assets Affected by Massive Hack, Will They Be Made Whole?

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