Crypto Catastrophe: CZ’s Hilarious Advice After $1.5B Hack! πŸ˜‚πŸ’Έ

What to know:

  • In a twist of fate, Binance‘s czar, CZ, has suggested that Bybit freeze withdrawals after a rather unfortunate $1.5 billion hack. Who knew money could vanish faster than a magician’s rabbit? πŸ‡βœ¨
  • “I’ll provide any assistance if needed,” CZ added, probably while sipping a cup of coffee and contemplating the absurdity of it all.
  • According to the ever-watchful ZachXBT, two batches of 10,000 ETH have been scattered like breadcrumbs across 48 wallets. A true digital scavenger hunt! πŸ•΅οΈβ€β™‚οΈ

In a moment of sheer brilliance, Changpeng Zhao (CZ) has advised Bybit to halt withdrawals, citing security concerns after the $1.5 billion hack. Because, you know, why not add a little drama to the crypto world? 🎭

“Not an easy situation to deal with,” he mused, “Might suggest to halt all withdrawals for a bit as a standard security precaution. Will provide any assistance if needed. Good luck,” he wrote in an X post, probably while rolling his eyes at the chaos.

“1.5 billion is fear enough. Better to be safe than sorry now.” Wise words from the man who knows a thing or two about digital disasters! πŸ˜…

Arkham data reveals that Bybit still boasts a whopping $20 billion in assets. CEO Ben Zhou reassured everyone that the exchange “is solvent even if this hack loss is not recovered.” So, no need to panic… yet! 😬

Meanwhile, blockchain detective ZachXBT has uncovered that the hacker is busy splitting the stolen ether, with two batches of 10,000 ETH being distributed across 48 addresses. $200 million worth of mETH & stETH has already been swapped on decentralized exchanges. Talk about a busy thief! πŸƒβ€β™‚οΈπŸ’¨

“We have been monitoring the Bybit incident very closely and will do our best to assist our partners in tracking the relevant funds, providing all the support within our capabilities,” Tron founder Justin Sun posted on X, likely while shaking his head at the absurdity of it all.

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2025-02-21 21:49