Bybit CEO: Agrees with CZ's point of view, if our internal system is compromised, we will immediately halt all withdrawals

BlockBeats News, February 22nd, Bybit CEO Ben Zhou stated on social media, "I agree with CZ's point of view, if this hack was through penetrating our internal systems (such as a part of the withdrawal system) or if the hot wallet was breached, we would immediately halt all withdrawals until the root cause is found.

However, in yesterday's incident, it was our ETH cold wallet that was breached (we use Safe), which is unrelated to any of our internal systems. Therefore, I can decisively decide to have all Bybit withdrawals and system functions operate as usual.

In last night's crisis, Binance and CZ, as well as many partners and industry leaders, voluntarily offered assistance, for which we are deeply grateful and feel incredibly warmed by the support received. This incident was a huge blow to Bybit, but the entire industry has shown the power of unity. I believe that from now on, everything will only move in a better direction."