[Wu Blockchain News] Highlight Clip: Bybit CEO: Exchanges Must Prepare for Hacks to Happen(ARCHIVE FO...
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Bybit Co-founder and CEO Ben Zhou said exchanges must assume a hack will occur rather than focus solely on prevention, speaking in an April 21, 2026 interview with The Block about the exchange's own breach. Zhou said Bybit previously relied on a third party for its cold wallet and has since built a banking-grade hardware wallet system that requires staff to be physically present to unlock the HSM. He noted such systems are costly and time-consuming, leaving most projects dependent on third parties. Zhou urged firms to pair technical defenses with social engineering safeguards and layer protections under an attack-assumed model. The comments signal a shift in exchange security strategy toward damage containment and survival planning.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
Bybit, Ben Zhou, The Block