Bybit Hack Confirmed – Funds Are Safe! 📰


Bybit’s CEO, Ben Zhou, has confirmed that the exchange was hacked. Despite this setback, Bybit remains financially strong and fully solvent.


🔹 User funds are 100% backed 1:1 ( $BTC & $ETH )

🔹 The exchange has enough resources to cover any losses

🔹 Operations continue without disruption


This is a tough situation, but Bybit’s transparency and ability to absorb the hit show their resilience. Security remains a top priority, and we’ll likely see them strengthen defenses even more after this.


How do you think this will impact trust in CEXs!

#Bitcoin #Macro Insights# #bybit

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February 22, 2025 at 3:22 AM
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