Bybit has ‘fully closed the ETH gap’ CEO says after $1.4B Lazarus hack
Bybit CEO Ben Zhou says his cryptocurrency exchange has fully replaced the $1.4 billion worth of Ether that was hacked on Feb. 21. A new audited proof-of-reserve report will be published very soon to show Bybit’s client assets are back at a 1:1 ratio through a Merkle tree,
Bybit Closes Ethereum Deficit With $1.23 Billion Post-Hack Purchase: CEO
The exchange reportedly replenished the Ethereum deficit through a combination of loans, whale deposits, and direct purchases.
Bybit CEO: ETH Gap Closed Post $1.4B Hack, Exchange to Publish POR Audit
Bybit CEO said the exchange has restored its Ethereum holdings after a $1.5B hack and will release a proof-of-reserves audit soon.
Crypto & NFT Market Bybit Closes ‘ETH Gap’ Left After $1.5B Hack
Bybit Web3, one of the world’s most visited crypto exchanges and an NFT marketplace, has closed the liquidity gap left after the recent hack.
Bybit Closes 'ETH Gap' as Exchange Replenishes $1.4B Hole After Hack
Bybit has returned to a 1:1 backing of client assets and has fully closed the “ether gap” it faced after an unprecedented $1.4 billion hack hit
$1.5 Billion Stolen in Unprecedented Bybit Crypto Exchange Hack
In a staggering blow to the cryptocurrency industry, Dubai-based exchange Bybit has fallen victim to a cyberattack resulting in the theft of approximately $1.5 billion in Ethereum tokens. This incident,
Bybit hack: $1.5B stolen from ethereum wallet in largest ever crypto heist
Bybit said it successfully navigated the biggest cryptocurrency heist ever recorded, in which hackers stole about $1.5B in digital assets from the crypto exchange's ethereum cold wallet. Hackers stole over 400,
Bybit Replenishes $1.4 Billion after Largest Crypto Hack
Bybit has officially filled the $1.4 billion hole left by one of the biggest crypto hacks in history. CEO Ben Zhou announced ...
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Ben Zhou, CEO: Bybit is solvent, will cover all claims despite a growing withdrawal queue
Bybit will repay all users, though some of the lost Ethereum (ETH) may be secured via a bridge loan for short-term claims.
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Bybit CEO Says Crypto Exchange Is Solvent, All User Assets Backed 1:1 Following ‘Largest Heist of All Time’
The chief executive of the crypto exchange Bybit is assuring customers that the firm can meet all withdrawal requests ...
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Infini suffers $50M hack, days after Bybit’s $1.5Bn exploit
Infini, a stablecoin neobank, reportedly suffered an exploit that resulted in a loss of $49.5 million. According to ...
Bybit Offers $140M Bounty In Wake of $1.4B ETH Hack, Investigation Focuses On Safe
In the aftermath of a $1.4 billion Ethereum (CRYPTO: ETH) heist, cryptocurrency exchange Bybit has launched a recovery bounty ...
What we know about the $1.5 billion Bybit crypto hack
Ben Zhou, Bybit's CEO, said that the hack had affected around 401,000 Ethereum and sparked a surge in withdrawal requests.
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Bybit Sees Over $4 Billion ‘Bank Run’ After Crypto’s Biggest Hack
The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to ...
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Bybit CEO Ben Zhou sounds alarm again as Pi value more than halves
As Pi lost much of its value one day after it achieved open network status, Ben Zhou, CEO of crypto exchange Bybit, again posted a warning about the cryptocurrency.
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Bybit seals ETH shortfall, CEO confirms new proof-of-reserves incoming
Bybit has officially sealed the $1.5 billion Ethereum gap left by one of the largest crypto heists in history.