Bybit CEO Ben Zhou said that the hacker "took control of the specific ETH cold wallet and transferred all the ETH in the cold wallet to this unidentified address." Zhou confirmed that the exchange "is solvent even if this hack loss is not recovered."

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Bybit CEO Ben Zhou said that the hacker "took control of the specific ETH cold wallet and transferred all the ETH in the cold wallet to this unidentified address." Zhou confirmed that the exchange "is solvent even if this hack loss is not recovered."

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Ethereum rollback deemed ‘technically intractable’ amid Bybit hack pressure

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Bybit CEO Ben Zhou confirmed the exchange’s solvency despite the February 21 Bybit hack and emphasized that a rollback would require broad community support

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