In the shadowy corridors of the crypto realm, where fortunes are made and lost in the blink of an eye, the Bybit exchange, that beleaguered titan, found itself ensnared in a most grievous calamity—a $1.4 billion hack that would make even the most hardened souls shudder. Yet, amidst this tempest of despair, a flicker of gratitude emerged, as if from the depths of a Dostoevskian soul.
Ben Zhou, the CEO, a man whose brow must have furrowed with the weight of a thousand existential crises, extended his heartfelt thanks to a veritable pantheon of crypto industry luminaries: Antalpha Global, Bitget, Pionex, MEXC, SoSoValue, Galaxy Digital, FalconX, Lido Finance, the Solana Foundation, the Ton Foundation, Ghaf Capital, Fenbushi, Bitvavo, and Tether. Ah, the irony! In a world where competition reigns supreme, here they were, united in their benevolence during a time of crisis.
In a separate proclamation on the fateful day of February 22, Zhou, with a voice trembling with sincerity, expressed his profound appreciation for the deluge of support that followed this unprecedented breach—the largest hack in the annals of crypto history. He declared:
“Within 24 hours of the event, we were overwhelmed with support from some of the best people and organizations in the industry, and we do not take it for granted. We have shared in a dark moment of crypto history.”
“We have proven we are better than the malicious actors,” he continued, a hint of defiance in his tone, as if challenging the very fabric of human greed. The solidarity displayed by the crypto firms was a testament to the human spirit, setting aside the cutthroat nature of business to rally around a fellow sufferer.
Industry comes together to support one of its own
In a gathering of minds on February 22, the astute Gracy Chen, CEO of Bitget, proclaimed that her firm was the first to extend a lifeline in the form of Ether (ETH) to Bybit. “Had the roles been reversed,” she mused, “Bybit would have done the same for us.” Such noble sentiments, one might think, are the stuff of fairy tales, yet here they were, unfolding in the gritty world of crypto.
Chen further revealed to CryptoMoon that her firm had taken the audacious step of blacklisting wallets linked to the nefarious actors, vowing to block any transactions from these digital miscreants. A valiant effort, indeed!
Meanwhile, in a post on February 21, Kris Marszalek, the CEO of Crypto.com, directed his cybersecurity team to reach out to Bybit, offering assistance as if they were knights in shining armor, ready to defend the realm of cryptocurrency.
Hacken, the independent auditor of Bybit’s proof-of-reserves, confirmed that despite the staggering withdrawals exceeding $5.3 billion, the exchange’s reserves remained intact, a beacon of hope amidst the chaos. “As [Bybit’s] independent PoR auditor, we’ve confirmed that user funds remain fully backed,” they declared, a statement that must have brought a sigh of relief to many.
In the end, industry executives heaped praise upon Bybit and its stalwart leader, Ben Zhou, for demonstrating a masterclass in crisis management. Ah, the irony! In a world fraught with treachery, here was a lesson in unity and leadership, a glimmer of humanity in the digital abyss.
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2025-02-22 21:07