It is specified that the volume of withdrawn assets may reach $1.5 billion. As a result of the Bybit hack, the platform lost about 8% of its reserves.
Chou explained that the attackers gained access to an offline Ethereum wallet, which led to a series of suspicious transactions. They utilized a fake interface that displayed the correct address to subscribers but actually altered the logic of the smart contract. Other wallets were unaffected, and the withdrawal of funds is operating as usual, the exchange's head added.
“The exchange remains solvent. Even if client assets are affected, we are capable of covering all losses,” emphasized Ben Zhou.
Bloomberg writes that the research firm Arkham also recorded significant outflows from the platform. It is noted that hackers began transferring money to new addresses. According to Arkham, derivatives of Ethereum worth $200 million have already been realized.
In Kazakhstan, Bybit operates under the jurisdiction of the Astana International Financial Centre (AIFC), as cryptocurrency trading is only permitted there. Currently, more than 21 digital asset service providers are licensed, including Binance, ATAIX Eurasia, Biteeu, and others.
Last year, the chairman of the National Bank Timur Suleimenov stated that Kazakhstan should allow citizens to invest in cryptocurrency not only through exchanges operating in the AIFC. He cited Kyrgyzstan and Uzbekistan as examples, where the issuance and circulation of digital assets are legally recognized at the national level.