This podcast features an interview with Ben Zhou, Bybit's CEO, discussing the recent $1.5 billion hack of their exchange. The conversation details Zhou's immediate actions, including contacting his team, securing remaining assets, and initiating transparent communication with clients and the public to prevent a bank run. He highlights the importance of Bybit's robust internal systems and crisis management procedures, which enabled a swift recovery. Zhou also announces the launch of HackBounty.io, a platform designed to help victims of crypto hacks trace and recover stolen funds. The interview underscores the importance of transparency, proactive crisis management, and the need for exchanges to prioritize in-house security solutions.
