Summary
- CEO Ben Zhou emphasized Bybit's financial soundness, stating that assets well exceed $1.5 billion.
- Bybit reported that while $1.46 billion worth of Ethereum was stolen in the hack, some assets remained protected.
- Currently, $3 billion worth of Tether (USDT) is safely protected with no additional losses reported.
Bybit Chief Executive Officer (CEO) Ben Zhou emphasized the company's financial soundness, stating that a significant portion of assets remain secure despite the hacking incident.
According to crypto media WuBlockchain on the 22nd, CEO Ben stated that "fortunately, the company's assets are well over $1.5 billion." Previously, global cryptocurrency exchange Bybit suffered a major hacking attack, losing 401,347 Ethereum. The damage amounts to approximately $1.46 billion.
He emphasized that "currently, about $3 billion worth of Tether (USDT) is safely stored in cold wallets and was not affected by this hacking incident."
He added, "If more than $10 billion in assets had been stolen, we might have considered selling the company."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
