Bybit Restores Liquidity After $1.4B Ethereum Hack

In a swift response to a February 2025 hack, Bybit, the global cryptocurrency exchange, restored liquidity within just 30 days, recovering approximately $1.4 billion in stolen Ethereum from its cold wallet. Led by CEO Ben Zhou, Bybit’s actions underscore its resilience and leadership amidst this challenging situation. The incident also led to industry-wide discussions regarding security protocols and liquidity strategies.