Cryptocurrency exchange Bybit sincerely thanks the global crypto community for the tremendous support received following the recent security incident. This unprecedented show of unity not only reinforces Bybit's resilience but also lays the groundwork for strengthening the entire industry's measures to respond to and prevent future hacking attacks. From institutional liquidity providers to leading blockchain security firms, the swift and coordinated response highlights the strength of the Web3 community.

United Response to Threats

Upon discovering the incident, Bybit's security team immediately took action—locking down systems, protecting funds, and collaborating with top cybersecurity experts. The trading community received immense support from key players in the industry, all working together to track, contain, and mitigate the impact of the vulnerabilities.

Bybit co-founder and CEO Ben Zhou expressed gratitude:

"For Bybit, this period has been challenging, but one thing is clear—our partners have been there supporting us. The support from numerous partners, including Antalpha Global, Bitget, Pionex, MEXC, SoSoValue, Galaxy Digital, FalconX, Lido Finance, Solana Foundation, Ton Foundation, Ghaf Capital, Fenbushi, Bitvavocom, Tether, is simply incredible. Your trust, swift action, and unity are our driving force. We are moving forward, more determined and stronger than ever. Thank you for standing with us."

Industry Leaders Take Immediate Action

Several key players in the DeFi and CeFi sectors acted swiftly to prevent the further movement of stolen funds and maintain market stability:

Orbiter, deBridge, SynFutures, MYX, Thruster, and Owlto blacklisted addresses related to the vulnerabilities to prevent unauthorized transfers.

Chainalysis quickly tracked and published the attackers' wallet addresses, enabling the entire industry to coordinate a response.

The SIS cross-chain bridge actively blocked related addresses, limiting the attackers' ability to launder money.

Zero Shadows launched a 24/7/365 global response team, closely collaborating on tracking and identifying criminals, tracing funds, and communicating with law enforcement to support investigations and recovery efforts.

Institutional clients, including TMSI, Bayside Trading, Mathrix, Wintermute, Cumberland, and GSR Markets, maintained trading positions, enhancing market stability amid uncertainty.

Ben added, "Despite the difficulties, their trust in us conveys an important message—this proves the maturity and resilience of the industry. It showcases the strongest participants in the crypto industry coming together at critical moments."

A United Community

Bybit also thanks its VIP clients, traders, and the broader user community for their steadfast support. The encouragement and patience of community members played a crucial role in the exchange's round-the-clock efforts to enhance security measures and protect funds.

"While this is a difficult time, it also profoundly reminds us of our purpose—to build an open, resilient, and decentralized financial future," Ben said. "The real work has just begun, and the unity displayed in this field assures us that we will be stronger than ever."

Bybit remains committed to transparency and will continue to provide updates as more security enhancements are implemented. The exchange is closely collaborating with industry leaders to establish new crisis management standards, ensuring user safety and trust while enhancing the entire industry's defense capabilities against future threats.

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