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
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Daniel Kuhn
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Ben Zhou
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Bybit
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Crypto exchange Bybit confirms hack as over $1.4 billion worth of ETH leaves wallets
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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
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