Leading cryptocurrency exchange Bybit expressed gratitude to the crypto community for its support following a recent security incident. Support came from key industry players, reinforcing Bybit's resilience and laying the foundation for measures to prevent future attacks.
A United Front Against Threats
As soon as the incident was detected, Bybit's security team took immediate action by locking down systems, securing funds, and collaborating with top cybersecurity experts.
Industry Leaders Take Immediate Action
Key players in both DeFi and CeFi swiftly mobilized to prevent further movement of stolen funds and uphold market stability: - Orbiter, deBridge, SynFutures, MYX, Thruster, and Owlto blacklisted exploit-related addresses, preventing unauthorized transfers. - Chainalysis rapidly tracked and published the exploiter’s wallet addresses, enabling a coordinated industry-wide response. - SIS stepped up to block associated addresses, restricting the attacker’s ability to launder assets.
A Community That Stands Together
Bybit acknowledged the unwavering support from its VIP clients, traders, and broader user base. Messages of encouragement and patience from the community have been instrumental as the exchange worked to enhance security measures.
Bybit remains committed to transparency and will continue to provide updates to protect user funds and reinforce trust in the exchange.
