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Charles Hoskinson, the co-founder of Ethereum and founder of Cardano (ADA), has weighed in on the recent Bybit crypto hack. In a statement, he described the breach as “the worst in history,” citing the massive scale of the attack.
The hack saw over $200 million worth of stETH converted into ETH on the open market, sparking concerns about the potential impact on the broader crypto ecosystem. The incident has raised questions about the security and stability of decentralized finance (DeFi) platforms, including stablecoin exchanges like Bybit.
As CEO of Bybit, Ben Zhou assured users that withdrawal services have been fully restored, with over 350,000 withdrawal requests processed within hours of the attack. However, Hoskinson’s comments highlight the gravity of the situation and potential risks posed by such an attack.
The blockchain community is still coming to terms with the extent of the breach, and many are calling for greater vigilance in the face of these sorts of attacks.
Source: u.today
