In a shocking incident, Bybit CEO Ben Zhou learned of a devastating theft of $1.5 billion in Ethereum from his platform, linked to North Korean-backed Lazarus hackers. Zhou attempted to manage the situation calmly, promising full restitution to affected customers while his competitors lent support. Despite these efforts, the fallout was alarming, leading to $10 billion in withdrawals from the platform, and a significant 20% drop in Bitcoin's value, highlighting the severe impact of cyberattacks in the crypto sector.
Bybit's CEO Ben Zhou faced a historic $1.5 billion cyber theft by the Lazarus hacking group while assuring clients their deposits would be restored.
The aftermath of the Bybit hack saw dramatic withdrawals, with clients taking out around $10 billion, causing Bitcoin's value to plummet 20%.
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