In-depth interview with Bybit's Ben Zhou and Shunyet: Analyzing the $1.5 Billion theft, rescue efforts, and future plans.

In-depth interview with Bybit's Ben Zhou and Shunyet: Analyzing the $1.5 Billion theft, rescue efforts, and future plans.

wublock.substack •

Revision history

4 recorded changes

Want your article here?

Promote with Leviathan News

More on Ben Zhou

Bybit EU charts course as title sponsor for Paris Blockchain Week 2026; CEO Ben Zhou to helm the stage

Bybit EU charts course as title sponsor for Paris Blockchain Week 2026; CEO Ben Zhou to helm the stage

chainwire.org ·

As of April 21, 2025, around $1.4 billion in hacked crypto—roughly 500,000 ETH—remains 68.57% traceable, with DPRK-linked funds flowing through Wasabi, Tornado Cash, and various cross-chain platforms. So far, 432,748 ETH (about $1.21B) has been swapped into BTC, while just 1.17% (around $16.77M) remains on Ethereum. Bybit CEO Ben Zhou said the exchange is working with global authorities to freeze suspicious transactions and has strengthened KYC measures across all platforms.

As of April 21, 2025, around $1.4 billion in hacked crypto—roughly 500,000 ETH—remains 68.57% traceable, with DPRK-linked funds flowing through Wasabi, Tornado Cash, and various cross-chain platforms. So far, 432,748 ETH (about $1.21B) has been swapped into BTC, while just 1.17% (around $16.77M) remains on Ethereum. Bybit CEO Ben Zhou said the exchange is working with global authorities to freeze suspicious transactions and has strengthened KYC measures across all platforms.

𝕏/@benbybit ·

Pi Network pushes back against fraud and pyramid scheme allegations after Bybit’s Ben Zhou and Cyber Capital’s Justin Bons criticize its referral system and decline to support the PI token listing.

Pi Network pushes back against fraud and pyramid scheme allegations after Bybit’s Ben Zhou and Cyber Capital’s Justin Bons criticize its referral system and decline to support the PI token listing.

thedefiant.io ·

Bybit CEO Ben Zhou launches LazarusBounty at http://lazarusbounty.com, the industry's first bounty site offering full transparency on sanctioned Lazarus money laundering activities, enabling bounty hunters to connect wallets, trace funds, earn instant rewards when freezes occur (with freezers receiving 5%), and access live rankings to expose bad actors.

Bybit CEO Ben Zhou launches LazarusBounty at http://lazarusbounty.com, the industry's first bounty site offering full transparency on sanctioned Lazarus money laundering activities, enabling bounty hunters to connect wallets, trace funds, earn instant rewards when freezes occur (with freezers receiving 5%), and access live rankings to expose bad actors.

𝕏/@benbybit ·

ByBit founder Ben Zhou confirms exploit, cause was malicious safe transaction that changed msig permissions.

ByBit founder Ben Zhou confirms exploit, cause was malicious safe transaction that changed msig permissions.

𝕏/@benbybit ·

Bybit EU charts course as title sponsor for Paris Blockchain Week 2026; CEO Ben Zhou to helm the stage

Bybit EU charts course as title sponsor for Paris Blockchain Week 2026; CEO Ben Zhou to helm the stage

chainwire.org ·

As of April 21, 2025, around $1.4 billion in hacked crypto—roughly 500,000 ETH—remains 68.57% traceable, with DPRK-linked funds flowing through Wasabi, Tornado Cash, and various cross-chain platforms. So far, 432,748 ETH (about $1.21B) has been swapped into BTC, while just 1.17% (around $16.77M) remains on Ethereum. Bybit CEO Ben Zhou said the exchange is working with global authorities to freeze suspicious transactions and has strengthened KYC measures across all platforms.

As of April 21, 2025, around $1.4 billion in hacked crypto—roughly 500,000 ETH—remains 68.57% traceable, with DPRK-linked funds flowing through Wasabi, Tornado Cash, and various cross-chain platforms. So far, 432,748 ETH (about $1.21B) has been swapped into BTC, while just 1.17% (around $16.77M) remains on Ethereum. Bybit CEO Ben Zhou said the exchange is working with global authorities to freeze suspicious transactions and has strengthened KYC measures across all platforms.

𝕏/@benbybit ·

Pi Network pushes back against fraud and pyramid scheme allegations after Bybit’s Ben Zhou and Cyber Capital’s Justin Bons criticize its referral system and decline to support the PI token listing.

Pi Network pushes back against fraud and pyramid scheme allegations after Bybit’s Ben Zhou and Cyber Capital’s Justin Bons criticize its referral system and decline to support the PI token listing.

thedefiant.io ·

Bybit CEO Ben Zhou launches LazarusBounty at http://lazarusbounty.com, the industry's first bounty site offering full transparency on sanctioned Lazarus money laundering activities, enabling bounty hunters to connect wallets, trace funds, earn instant rewards when freezes occur (with freezers receiving 5%), and access live rankings to expose bad actors.

Bybit CEO Ben Zhou launches LazarusBounty at http://lazarusbounty.com, the industry's first bounty site offering full transparency on sanctioned Lazarus money laundering activities, enabling bounty hunters to connect wallets, trace funds, earn instant rewards when freezes occur (with freezers receiving 5%), and access live rankings to expose bad actors.

𝕏/@benbybit ·

ByBit founder Ben Zhou confirms exploit, cause was malicious safe transaction that changed msig permissions.

ByBit founder Ben Zhou confirms exploit, cause was malicious safe transaction that changed msig permissions.

𝕏/@benbybit ·

Explore the full feed

Up nextChaos Labs Walks Away From $5M Aave Risk Mandate Over V4 Architecture, Underfunded Risk Budget, And Fundamental Disagreement On How Risk Should Be Managed At DeFi’s Largest Lending Protocol.