Changpeng Zhao, the founder of Binance, commented on the recent major hack incident at cryptocurrency exchange Bybit. Bybit lost over $1.46 billion in assets, but CEO Ben Zhou assured that customer assets are still fully backed. Changpeng Zhao suggested that Bybit should temporarily suspend all customer asset withdrawals as a precautionary security measure. He argued that the situation is not easy and it is better to be safe than sorry. However, he also responded to a follower who opposed the suspension, stating that the fear caused by the hack is already significant. Lastly, it should be noted that this information is not investment advice.



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