Bybit CEO: Peak of the Liquidity Crisis Has Passed, 70% of Withdrawals Processed

BlockBeats News, February 22nd, Bybit CEO Ben Zhou reiterated during a livestream that Bybit's treasury can cover the loss of 400,000 Ethereum.

"We have processed 70% of the withdrawals, the peak of the run on the bank is over, large withdrawals are undergoing routine security checks, and in the next few hours, we are still processing the remaining withdrawals. All client withdrawals will be processed."