CZ Suggests Bybit Halt Withdrawals, Offers Help With $1.5B Hack

Binance founder Changpeng Zhao advised Bybit to temporarily stop withdrawals after a $1.5 billion hack. Bybit's CEO confirmed the exchange remains financially stable despite the loss. The hacker is distributing the stolen Ether (ETH), dividing 20,000 ETH among multiple addresses and already exchanging $200 million worth of mETH and stETH. Bybit still holds $20 billion in assets according to Arkham data. Tron founder Justin Sun offered assistance in tracking the stolen funds.