🛡 Bybit Handles the Largest Fund Outflow in History
Bybit CEO Ben Zhou announced that all withdrawals have been processed, the system is operating normally, and there are no delays. The total outflow of funds since the incident has reached nearly $5 billion, broken down as follows:
- Hackers — approximately $1.5 billion
- Bybit itself (loan collateral) — $1.3 to $1.5 billion
- Users — around $2 billion
This was likely the largest single-day fund outflow in crypto exchange history. For comparison:
- Binance saw $7.3 billion withdrawn in a week during 2022 insolvency rumors.
- FTX collapse led to $6 billion withdrawn in 72 hours.