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Bybit’s Chief Executive Officer has issued a statement following the massive $1.4 billion hack that occurred earlier today. The CEO described the attack as “the worst in history,” emphasizing the severity of the breach and the need for urgent action.
The exchange has already taken steps to respond to the crisis, with an entire team working through the night to process client questions and concerns. Bybit assured its users that it is fully committed to addressing their needs and ensuring a speedy recovery from this unprecedented attack.
In the coming days, the exchange will implement additional security measures to prevent similar incidents in the future. We can expect regular updates on these efforts as Bybit works tirelessly to rebuild trust with its community.
The fact that hackers exploited an advanced phishing and spoofing tactic highlights the evolving nature of threats facing the cryptocurrency industry. As such, it is crucial for exchanges like Bybit to stay ahead of the curve and adopt the most innovative security protocols available.
This article aims to provide clarity on the situation, emphasizing Bybit’s commitment to transparency and accountability in the face of adversity.
Source: u.today
