Bybit Withdrawals: Slow and Steady Wins the Race 🐢

by

After the Great ETH Heist of 2025, where Bybit lost a chunky $1.4 billion in crypto bling, CEO Ben Zhou popped his head up to say, “Chill, folks, we’re still open for business – it’s just a bit of a queue.” 📉

In a live chat that felt like a therapy session, Zhou spilled the beans on 4,000 withdrawal requests, asking for a bit of Zen. “Nope, we’re not shutting down the withdrawal shop,” he reassured. “We’re like Santa’s elves, just a bit behind schedule – 70% of your gifts are already on the sleigh!” 🎅

“Network’s a bit backed up, like the loo at a music festival, but we’re flushing through as fast as we can!”

And breathe, because Zhou also confirmed no other Bybit wallets were hit – phew! They’re even getting a bridge loan, because, well, you can’t run an exchange on good intentions alone. 🤑

Crypto prices did a little dance after the hack – down, up, down again. Nansen, the crypto know-it-all, told CryptoMoon that ETH took a dive like a nervous skydiver. “15:00 CET, it started sweating; 16:15 CET, it jumped,” they said. And just like that, 4% vanished in a blink and a half. 📊

Update (UTC time here): This article just got a facelift with some fresh juicy details. Stay tuned! 🚨

Read More

2025-02-21 21:18