{"id":14402,"date":"2025-02-21T18:34:00","date_gmt":"2025-02-21T18:34:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14402"},"modified":"2025-02-21T18:34:00","modified_gmt":"2025-02-21T18:34:00","slug":"cz-suggests-bybit-halt-withdrawals-offers-help-with-1-5b-hack","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14402","title":{"rendered":"CZ Suggests Bybit Halt Withdrawals, Offers Help With $1.5B Hack"},"content":{"rendered":"<div>\n<p>Binance founder Changpeng Zhao (CZ) has recommended that Bybit should halt withdrawals as a security precaution following Friday&#8217;s $1.5 billion hack.<\/p>\n<p>&#8220;Not an easy situation to deal with. Might suggest to halt all withdrawals for a bit as a standard security precaution. Will provide any assistance if needed. Good luck,&#8221; he wrote in an X post. <\/p>\n<p>In response to concerns that it would stoke further fear, CZ added: &#8220;1.5 billion is fear enough. Better to be safe than sorry now.&#8221;<\/p>\n<p>Arkham <a href=\"https:\/\/intel.arkm.com\/explorer\/entity\/bybit\" target=\"_blank\">data<\/a> shows that Bybit still has $20 billion in assets, and the company&#8217;s CEO, Ben Zhou, said that the exchange &#8220;is solvent even if this hack loss is not recovered.&#8221;<\/p>\n<p>Blockchain sleuth ZachXBT revealed that the hacker is beginning to split up the stolen ether, with two batches of 10,000 ETH being split up across 48 addresses. $200 million worth of mETH &amp; stETH has also already been swapped on decentralized exchanges.<\/p>\n<p>&#8220;We have been monitoring the Bybit incident very closely and will do our best to assist our partners in tracking the relevant funds, providing all the support within our capabilities,&#8221; Tron founder Justin Sun <a href=\"https:\/\/x.com\/justinsuntron\/status\/1892977492715258207\" target=\"_blank\">posted on X<\/a>.<\/p>\n<p>Read more: <a href=\"https:\/\/www.coindesk.com\/business\/2025\/02\/21\/bybit-experiences-usd1-46b-in-suspicious-outflows-zachxbt\" target=\"_blank\">Bybit Loses $1.5B in Hack but Can Cover Loss, CEO Confirms<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance founder Changpeng Zhao (CZ) has recommended that Bybit should halt withdrawals as a security precaution following Friday&#8217;s $1.5 billion hack. &#8220;Not an easy situation to deal with. Might suggest to halt all withdrawals for a bit as a standard security precaution. Will provide any assistance if needed. Good luck,&#8221; he wrote in an X [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14402","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14402"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14402\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}