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Bitcoin.com News|Feb 22, 2025 01:47
Bybit just faced a massive withdrawal surge after a major hack—over 350K requests in just 10 hours.
CEO Ben Zhou says 99.994% of withdrawals are already processed, with only about 2,100 left. The team worked through the night to keep things running.
The attack targeted Bybit’s Ethereum cold wallet using a masked UI exploit, but all other cold wallets remain secure. Withdrawals are still operational.
Zhou is asking users to confirm if they received their funds. But after a breach like this, can trust be restored?
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