Bybit’s CEO Ben Zhou reassured customers that, despite the hack, all other cold wallets remain secure, withdrawals continue as normal, and the exchange is solvent with 1-to-1 asset backing

Quotes that support claims

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," Zhou also posted

Bybit is Solvent even if this hack loss is not recovered, all of the client’s assets are 1 to 1 backed — we can cover the loss,” the Bybit CEO added in a separate post

Please rest assured that all other cold wallets are secure. All withdrawals are NORMAL. I will keep you guys posted as more develops

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