"Bybit is solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," the company's chief executive officer Ben Zhou said in a post on X.

Cryptocurrency exchange Bybit has maintained reserves exceeding its liabilities despite suffering a $1.4 billion hack and an overall $5.3 billion decline in total assets, according to DefiLlama data.

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Many others also joked about how they plan to use the helpful hack for their partners, adult children and teenagers. While some people were charmed by the video, others were more critical.

Bybit Hack, Crypto’s Biggest Ever, Spoils Coinbase’s SEC Victory Party Shares of largest US exchange plunge after Bybit is attacked ‘Careful what you wish for’ with deregulation, professor ...

Arkham Intelligence announced that onchain security sleuth ZachXBT has identified the Lazarus Group, a North Korean hacker group, as being behind the $1.46 billion Bybit hack on Feb. 21.

Customers immediately rushed to withdraw their assets from Bybit, with the exchange processing over 350,000 withdrawal requests within 12 hours of the hack. "Bybit's 1:1 reserve guarantee ensured ...

He noted that "all other cold wallets are secure" and withdrawals were working normally following the hack. Bybit ETH multisig cold wallet just made a transfer to our warm wallet about 1 hr ago.

Bybit, one of the world’s largest cryptocurrency exchanges, experienced a hack Friday in which over $1.4 billion worth of crypto was stolen, according to blockchain-analytics firms. It’s the ...

North Korean hackers were behind a sophisticated hack that stole about $1.5 billion worth of digital currency from Bybit, a major cryptocurrency exchange, according to security firm TRM.