Bybit TR Statement on Security

After Bybit, one of the world’s largest cryptocurrency exchanges, lost more than $1.46 billion in assets in a serious hack attack, the exchange’s Turkish arm, Bybit TR, also released a statement.

In the statement published by the Bybit TR official account, it was argued that all user funds were safe, referring to the statement made by the global wing:

> “Bybit’s statement included details of the situation and emphasized that all user assets are safe.
>
> As Bybit TR, we confirm that there are no problems on our platform and that user assets are secured at a 1:1 ratio. You can continue to make your deposits, withdrawals and trading transactions safely.”

However, Binance founder Changpeng Zhao suggested that Bybit temporarily suspend user asset withdrawals as a precaution. He argued that instead of being upset later, it is necessary to take the safe path now, and that the theft of $1.5 billion is as scary as stopping customer withdrawals.

This is not investment advice.