Exchanges· ★★★· neutral·

CZ Explains Why He Urged Pausing Withdrawals After Bybit Hack

  • —Zhao said he urged a withdrawal pause after the Bybit hack to stop abnormal outflows
  • —Bybit did not pause withdrawals and no further problems followed
  • —Zhao: the FTT tweet did not kill FTX — it failed from a lack of liquidity
  • —Zhao said he applied for his pardon through a lawyer and never met Trump
Why it matters: CZ's remarks on exchange crisis management set expectations for how platforms respond to hacks and shape trust in Bybit and Binance.
Source: Blockonomi
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