CZ explains why he suggested pausing withdrawals after the Bybit hack On September 25, 2026, Binance founder CZ @cz_binance stated during an interview on *When Shift Happens* @KevinWSHPod that after Bybit was hacked, he publicly suggested pausing withdrawals out of an abundance of caution to prevent further abnormal outflows of funds. He mentioned that while pausing services might impact trading continuity and inconvenience users, addressing security risks should take priority. Bybit ultimately did not pause withdrawals and no further issues occurred, which shows that there’s no absolute right or wrong in such situations—the key lies in risk assessment. Source: When Shift Happens