Bybit, one of the largest cryptocurrency exchanges in the world, recently suffered a hack attack resulting in the loss of over $1.46 billion in assets. The exchange's Turkish arm, Bybit TR, released a statement reassuring users that their funds were safe and secure. However, Binance founder Changpeng Zhao advised Bybit to temporarily suspend user asset withdrawals as a precautionary measure. He emphasized the importance of taking preventative action in order to avoid potential losses in the future.



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