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
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Vince Quill
Related people
Ben Zhou
Related projects
Bybit
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Bybit exchange hacked, over $1.4 billion in ETH-related tokens drained
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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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