Will Bybit CEO Speak at TOKEN2049 Following Major Hack?

TOKEN2049, Asia’s premier crypto event, commences on April 30th and brings together industry leaders and visionaries. The highlight will be the possibility of a conversation between Bybit CEO Ben Zhou and attendees regarding the $1.4 billion hack that has impacted his exchange. On April 21st, Zhou shared an executive summary outlining the details of the theft: approximately 500,000 ETH were stolen, equivalent to $1.4 billion at the time, with the majority of funds (68.57%) still traceable and another 27.59% unaccounted for. The remaining 3.84% have been frozen by authorities. Zhou’s Twitter summary revealed that the untraceable funds flowed through mixers such as Wasabi (connected to DPRK activities), bridges, P2P, and OTC platforms. A significant sum, approximately 10,003 BTC, has been swapped for Bitcoin via Thorchain. The hunt for stolen assets continues with Bybit receiving over 5,443 bounty reports in the last two months. Only 70 of these have been confirmed as valid leads. Zhou is calling on more bounty hunters to help decode mixers and recover the stolen funds. TOKEN2049 Dubai hosted at Madinat Jumeirah promises a star-studded lineup including Vitalik Buterin (Ethereum Co-founder), Richard Teng (Binance CEO), Anatoly Yakovenko (Solana Co-founder), Balaji Srinivasan (The Network State founder) , Arthur Hayes (Maelstrom CIO), Paolo Ardoino (Tether CEO) and Jeremy Allaire (Circle CEO). With Bybit’s CEO potentially speaking at TOKEN2049, it could offer a crucial opportunity to shed light on this incident and potentially generate significant discussion about the security of cryptocurrencies.