Slow Fog Cosine: The recommendation to urgently stop the wallet system in the case of an unexplained attack is correct

2025-02-22 14:44:41

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ChainCatcher news, the founder of Slow Mist, Cosine, stated on social media that from a security perspective, the suggestion to urgently stop the wallet system in the case of unknown reasons is correct. Bybit's response to the theft was very quick, and identifying the problem was also swift. Slow Mist and some security teams immediately intervened for communication, quickly determining the issue and speculating on the hacker's profile. Bybit was well-prepared and had no issues in promptly reopening withdrawals.

Cosine explained that he believes there is no problem with Zhao Changpeng's previous suggestion and Bybit's final resolution. Currently, many industry insiders are infighting over this controversy, forgetting that the common enemy should be North Korean hackers.

Previous news, Zhao Changpeng suggested that Bybit temporarily stop all withdrawals, stating that he would provide any assistance if needed.

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Bybit theft incident tracking

On the evening of February 21, 2025, Bybit suffered a hacker attack, with over $1.4 billion worth of cryptocurrency assets stolen. How will the incident unfold, and what subsequent impacts will it bring?

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