Chainflip Response to Bybit CEO: As a decentralized protocol, we cannot fully prevent, freeze, or redirect any funds

BlockBeats News, February 22nd, Cross-chain Bridge Chainflip responded to Bybit CEO's freeze request, stating, "We have tried our best to deal with the current situation, but as a decentralized protocol, we cannot completely prevent, freeze, or redirect any funds. However, we have currently shut down some front-end services to prevent fund flows."

Earlier today, Bybit CEO Ben Zhou posted on social media that he had detected a hacker attempting to transfer assets to the BTC network via Chainflip. He hoped the cross-chain bridge project would help Bybit block and prevent further asset transfers to other chains. Bybit will soon release a bounty program for anyone who assists in blocking or tracking funds that lead to fund recovery.