The CEO of cryptocurrency exchange Bybit, Ben Zhou, has confirmed on X that the company has been hacked. Two hours ago, the X account of Whale Alert highlighted a transfer of more than 401,000 ETH worth $1.1 billion. The hacker transferred the funds to a fresh wallet address, but has since moved the funds to more than 40 other wallets.
Bankrupt soon.
Many more to go . https://t.co/GKyEECfgoD
— The Great Martis (@great_martis) February 21, 2025