After Bybit, one of the world's largest cryptocurrency exchanges, lost more than $1.46 billion in assets in a serious hack attack, the exchange's Turkish arm, Bybit TR, also released a statement.

In the statement published by the Bybit TR official account, it was argued that all user funds were safe, referring to the statement made by the global wing:

“Bybit's statement included details of the situation and emphasized that all user assets are safe.

As Bybit TR, we confirm that there are no problems on our platform and that user assets are secured at a 1:1 ratio. You can continue to make your deposits, withdrawals and trading transactions safely.”

Related News: BREAKING: Statement from Binance Founder Changpeng Zhao on Bybit Hack Incident! "You Should Do This"

However, Binance founder Changpeng Zhao suggested that Bybit temporarily suspend user asset withdrawals as a precaution. He argued that instead of being upset later, it is necessary to take the safe path now, and that the theft of $ 1.5 billion is as scary as stopping customer withdrawals.

*This is not investment advice.

Continue Reading: Bybit Turkey Also Releases a Statement on the Massive Hack Attack