After the recent hack that resulted in a loss of $1.5 billion, Bybit CEO Ben Zhou has announced that the exchange’s withdrawal process has returned to a “normal pace”. This news comes as a relief to many users who were concerned about the security of their funds on the platform.

The hack, which occurred on May 19th, was a result of a coordinated attack by hackers who exploited a vulnerability in Bybit’s system. This led to a massive loss of funds and caused panic among traders and investors. However, Zhou has assured users that the exchange has taken necessary measures to prevent such incidents from happening in the future.

In a recent statement, Zhou stated that the exchange has implemented additional security measures and conducted a thorough investigation to identify the root cause of the hack. He also mentioned that Bybit has been working closely with law enforcement agencies to track down the perpetrators and recover the stolen funds.

Despite the setback, Bybit has managed to resume its operations and is now processing withdrawals at a normal pace. This is a testament to the exchange’s commitment to its users and their funds. Zhou also expressed his gratitude to the community for their support and understanding during this challenging time.

Bybit is a popular cryptocurrency exchange known for its advanced trading features and high liquidity. The recent hack has raised concerns about the security of digital asset exchanges, highlighting the need for stricter security measures in the industry. However, with Bybit’s swift response and efforts to improve its security, users can continue to trade with confidence on the platform.

In conclusion, Bybit’s CEO Ben Zhou’s announcement about the return to normalcy in the withdrawal process is a positive development for the exchange and its users. It shows the exchange’s resilience and determination to overcome challenges and continue providing a secure and reliable trading platform for its users.