Bybit CEO: Agrees with Zhao Changpeng's view that if the internal system or hot wallet is breached, all withdrawals will be immediately suspended

ChainCatcher news, Bybit CEO Ben Zhou posted on social media, "I agree with Zhao Changpeng's point of view. If this hacking attack was through infiltrating our internal systems (such as a part of the withdrawal system) or if the hot wallet was compromised, we would immediately suspend all withdrawals until we find the root cause of the problem.

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

During last night's crisis, Binance, Zhao Changpeng, and many partners and industry leaders actively offered help, for which we are deeply grateful and feel incredibly warm for the support received. This incident is 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."