“Your money is safe, and our withdrawals are still open,” said Zhou on the livestream, appearing in a black T-shirt with the Bybit logo.
He added that the exchange has processed more than 70 per cent of all withdrawal requests following the hack.
The exchange currently is not buying any Ether to cover the stolen assets on the platform, he added.
Founded in 2018, Bybit is one of the world’s largest crypto exchanges, processing more than $US36 billion in daily average trading volume. The Dubai-headquartered platform, which is not available in the US, had about $US16.2 billion in assets on its exchange before being hacked, according to reserves data from CoinMarketCap, making the stolen Ether equivalent to about 9 per cent of its total assets.
